College of Business and Economics | Annual Report 2022 20 Alumni and stakeholder engagements and external funding On 27 May 2022, CBE attended the launch of the UJ Zimbabwean Alumni Chapter in Harare, Zimbabwe. The first Alumni Chapter to be launched in Africa in collaboration with the UJ Internationalisation Division, UJ Alumni Division, and the President of the UJ Convocation. An estimated 973 CBE graduates from Zimbabwe walked the UJ stage, and reconnection with these alumni opened an alma mater and friends’ network to explore mutually beneficial collaboration opportunities. CBE also supports its accountancy graduates in preparing for the Initial Test of Competence (ITC), the first professional assessment by the South African Institute of Chartered Accountants. CBE is the most significant contributor of residential and distance-learning universities of African students to the Accounting Profession, contributing an astonishing 21% of the total number of first-time African candidates who have passed across the 18 SAICA-accredited universities. The University pass rate for first-time African candidates is 27% higher than the national average. The Dignitas awards, hosted by the Council, honour individuals for their outstanding contributions to the higher education sector, and UJ alumni for their contributions to the growth and advancement of the institution. In 2022, Ms Mamello MatikincaNgwenya, CBE alumni, received this award for her ambition and excellence as one of the youngest chief economists in South Africa’s history. Fitness for global excellence and stature requires the College to be financially stable, generate external income, and increase third-stream income. In addition to research funding, CBE has contributed about R326m (41%) of the University’s third-stream revenue. The funds come from different sources, including offering non-subsidised programmes, consultancy, donations, internal transfers, etc. Third-stream income is mainly used to fund the appointment of additional staff, bursaries, building international relations, marketing, and for causes such as research support. CBE stakeholder management extends to other stakeholders that continue to make a name for themselves, such as Mr. Ajen Sita (Ernst & Young Africa CEO and Professor of Practice), who was awarded the Leader in Business Award at the SAICA Difference Makers Awards, and Ms Monica Singer, Professor of Practice, for achieving the Woman in Web 3 Award at the Women in Tech Africa Awards. She was appointed to the Global Digital Asset and Cryptocurrency (DCA) Association’s Advisory Board. CBE successfully nominated Mr. Mteto Nyati, a South African visionary, for a PhD Honoris Causa (IT Management) for his outstanding contribution to the South African business sector and humanity. Mr. Ajen Sita Ms Monica Singer
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