Faculty of Economic and Management Sciences pdf

The Faculty of Economic and Management
Sciences, established in 1925, is the lar-
gest of the ten faculties of the University.
It consists of the following eight depart-
ments: Accounting, Business Manage-
ment, Economics, School of Industrial
Psychology, Logistics, Public Management
and Planning, Statistics and Actuarial Sci-
ence and the University of Stellenbosch
Business School.
The Faculty occupies three buildings on
the main campus at Stellenbosch, while the
postgraduate programmes of the Business
School and the School of Public Management
and Planning are offered on the Bellville Park
Campus. Both campuses have modern librar-
ies and modern technological facilities. The
Bellville Park Campus also offers up-market
accommodation.
Our departments offer postgraduate pro-
grammes of the highest quality. This is borne
out by, for example, internationally sought-af-
ter accreditations such as EQUIS (European
Quality Improvement System) and AMBA (As-
sociation of MBAs) for the University of Stel-
lenbosch Business School. Our training for
professional registration in specialist fields
such as Accounting and Actuarial Science
enjoys national and international accredita-
tion by professional institutes and our stu-
dents’ performance in external examinations

is proof of the quality of our programmes. In a
similar vein our programmes in Industrial Psy-
chology and Human Resource Management
are acknowledged by professional bodies. In
other disciplines, excellent quality of tuition is
ensured by cooperation agreements; these
cover matters such as the exchange of stu-
dents and teaching staff, and joint research
projects with internationally recognised aca-
demic institutions.
PROGRAMMES AND QUALIFICATIONS
30 Accounting
31 Financial Planning
31 Marketing
36 Actuarial Science
33 HIV/Aids Management
DEPARTMENT NO. / FIELD OF STUDYQUALIFICATION
Postgraduate diplomas
Honours degrees
30 Accounting
36 Actuarial Science
31 Business Management (Modules: financial
management, institutional investments, mar-
keting management, quantitative investment
management and quantitative analysis)
32 Economics
32 Economics and Mathematical Statistics
30 Financial Accounting
31 Financial Analysis (Modules: as for Busi-
ness Management)

36 Financial Risk Management
33 Human Resource Management
33 Industrial Psychology
34 Logistics Management
30 Management Accounting
36 Mathematical Statistics
34 Operations Research
35 Public Administration
35 Public and Development Management
36 Statistics
For more
information

Ms Nazli Daniels
Tel: +27 (0)21 808 4836
E-mail:

Faculty of
Economic and
Management Sciences
28
29
QUALIFICATION
BPhil degrees
Master’s degrees
PhD degrees
34 Maritime Studies
34 Transport and Logistics Studies
35 Sustainable Development Planning
DEPARTMENT NO. / FIELD OF STUDY

All fields of study mentioned under Honours and BPhil degrees
PLUS:
30 Auditing
37 Business Management and Administration (MBA)
37 Coaching
30 Computer Auditing
37 Development Finance
35 Development Planning
32 Economic Policy
35 Environmental Management
37 Futures Studies
33 HIV/Aids Management
30 Taxation
All fields of study mentioned under Master’s degrees, except for Economic Policy
30 DEPARTMENT OF ACCOUNTING
For more information
See phone numbers under program-
mes
Fax: +27 (0)21 886 4176
Web site: www.sun.ac.za/accounting
The Department focuses mainly on
training professional accountants.
Its programmes therefore satisfy the
requirements of various professional
bodies. Students may also do re-
search in one or more of the following:
Auditing, Financial Accounting, Man-
agement Accounting or Taxation.
Chartered Accountants
This profession is controlled by the

Independent Regulatory Board for Au-
ditors (IRBA), and the South African
Institute of Chartered Accountants
(SAICA). To qualify as a Chartered Ac-
countant, a candidate must pass the
Part 1 Qualifying Examination (QE) set
by SAICA and the Part 2 Public Prac-
tice Examination set by IRBA or the
Part 2 Financial Management Exami-
nation set by SAICA. Candidates may
specialise in either Public Practice or
Financial Management.
To gain admission to the QE, the
BAccHons degree or the Postgradu-
ate Diploma in Accounting (PDA) is
required.
To gain admission to the Part 2 Pub-
lic Practice Examination, a candidate
must have passed the QE, articled for
18 months at an accredited auditing
firm in public practice and success-
fully completed a preparatory course
in Public Practice with an accredited
educational body.
To gain admission to the Part 2 Finan-
cial Examination, a candidate must
have passed the QE, articled for 18
months with an accredited training of-
fice outside public practice and suc-
cessfully completed a preparatory

course in Financial Management with
an accredited educational body.
Enquiries: William Brown
Tel: +27 (0)21 808 3423
E-mail:
Chartered Management Accountants
The internationally recognised quali-
fication of Chartered Management
Accountant is obtained by passing
the examination set by the Chartered
Institute of Management Accountants
(CIMA) in London.
Our modules for the BCommHons
(Management Accounting) comply
with the CIMA requirements. Students
who have obtained this BCommHons
after completing a BComm (Manage-
ment Accounting) degree at Stellen-
bosch University are exempted from
CIMA’s first two examinations and may
sit for CIMA’s final examination imme-
diately.
Enquiries: Flippie Wessels
Tel: +27 (0)21 808 3437
E-mail:
Certified Accountant
The internationally recognised quali-
fication of Certified Accountant is ob-
tained by passing the examinations
set by the Chartered Association of

Certified Accountants (ACCA) in Lon-
don and complying with the require-
ments set for practical experience.
Our modules for the BComm (Financial
Accounting) are recognised by ACCA.
Students who have obtained this
BComm are exempted from ACCA’s
first nine subjects (maximum exemp-
tion that could be granted) and may sit
for the remaining five subjects at two
exam sessions.
Please note: Our BCommHons (Financial Ac-
counting) programme is in abeyance, but will be
offered again once external accreditation at IRBA
is finalised by ACCA. Students who have obtained
the BComm (Financial Accounting) degree will be
accommodated in the BCommHons (Manage-
ment Accounting) programme. Please contact the
number below for more information.
Enquiries: George Nel
Tel: +27 (0)21 808 3422
E-mail:
Training of tax specialists
The programme for the qualifica-
tions MAcc (Taxation) or MComm
(Taxation) runs over two years on the
Stellenbosch and Bellville Park Cam-
puses and entails group discussions
and research. Students must prepare
for these group discussions, which

are held twice a week. The research
culminates in the writing of an assign-
ment and an article for an accredited
journal.
Admission requirements for MAcc
(Taxation): BAccHons, the PGDA or
an equivalent.
Admission requirements for MComm
(Taxation): BComm LLB or an equiva-
lent.
Enquiries: Kobus van Schalkwyk or
Linda van Schalkwyk
Tel: +27 (0)21 808 3682 / 3434
E-mail: or

Training of computer auditing special-
ists
The two-year MAcc (Computer Audit-
ing) programme trains qualified char-
tered accountants as specialists in
computer auditing.
The programme consists of a taught
component (compulsory lectures once
a month at the Stellenbosch Campus
for a period of 18 months) and a re-
search component (an assignment or
article that can be published in an ac-
credited journal).
Admission requirements: BAccHons
or equivalent and registration as a

Chartered Accountant (SA).
Enquiries: Pieter von Wielligh
Tel: +27 (0)21 808 3846
E-mail:
31 DEPARTMENT OF BUSINESS
MANAGEMENT

For more information
Tel: +27 (0)21 808 2026
Fax: +27 (0)21 808 2226
E-mail:
Web site:
academic.sun.ac.za/business/
*Modules suitable for international stu-
dents
This Department is well-established
and well-known in the business world.
Our highly skilled lecturers are at the
forefront of developments in the busi-
ness world. Consequently, we can of-
fer programmes designed to develop
skills currently much in demand in the
modern business world (both nation-
ally and internationally).
Postgraduate diploma programmes
The Postgraduate Diploma in Finan-
cial Planning is offered full-time and
prepares students for a sought-after
career in financial planning in South
Africa. The programme is accredited

by the Financial Planning Institute of
Southern Africa. Four modules (one
per semester) are taught over a period
of two years by means of lectures in
the evenings at the Business School
in Bellville. Examinations are taken in
June and November.
Our Postgraduate Diploma in Market-
ing offers students with an acceptable
Bachelor’s degree (also from other
fields than economic sciences) the
opportunity to specialise in marketing.
It is a one-year full-time programme,
offering lectures in the evening.
Honours programmes
The Honours programmes in Business
Management and in Financial Analysis
are offered full-time. The programme
in Financial Analysis prepares stu-
dents for the international qualification
of Chartered Financial Analyst (CFA)
of the CFA Institute. Lectures are dur-
ing the day. Examinations are taken in
June and November.
Master’s programme
The Master’s programme in Business
Management is offered full-time (one
year) or part-time (two years). Stu-
dents write a thesis about any topic in
business management.

Doctoral programme
This programme in Business Manage-
ment may cover any topic in business
management.
Modules for honours programmes
- Research methodology (compulso-
ry): Focuses on the use of research
to address issues effectively and
practically and to aid efficient deci-
sion-making.
- Advanced marketing manage-
ment*: Revises content annually, in
line with changing circumstances
in marketing, to focus on speciality
fields of marketing such as green
marketing, Internet marketing and
consumer privacy.
- Advanced strategic management*:
Fosters a comprehensive grasp of
strategic management and a criti-
cal innovative ability to think in a
transformative way about strategic
management.
- Derived financial instruments*: Fo-
cuses on the theory and practice of
derivative instruments such as for-
wards, futures, options and interest
rate swap contracts.
- Fixed interest securities (bonds)*:
Focuses on the different valuation

techniques applicable to bonds,
as well as aspects to be consid-
ered when compiling a portfolio of
bonds.
- Financial management*: Focuses
on such topics as fund flow analy-
sis, financial strategy and the in-
vestment decision.
- International marketing*: Focuses
on topics such as the international
marketing environment, opportunity
analysis and international market-
ing research, and the formulation of
global marketing strategies.
- International business*: Provides
students with the skills to analyse
global business drivers, global stra-
tegic levers and organisational fac-
tors and to create decision-making
alternatives.
- Marketing communication*: Analyse
marketing communication to devel-
op technical and conceptual skills,
especially in a multicultural environ-
ment.
- Marketing research: Leads stu-
dents through the various phases of
scientific research focused on gen-
erating information that may assist
in resolving marketing questions.

- Portfolio management*: Focuses on
portfolio management, the evalua-
tion of portfolio return, the applica-
tion of theory on the composition of
portfolios, the selection of invest-
ments and the evaluation of portfo-
lio return.
- Real estate investment and financ-
ing*: Focuses on such topics as
property economics, property in-
vestment and the impact of capital
gains tax, and property finance and
securitisation.
- Short-term insurance*: Focuses on
aspects such as risk management,
and fire, property and motor vehicle
insurance.
32 DEPARTMENT OF ECONOMICS

For more information
Tel: +27 (0)21 808 2247
Fax: +27 (0)21 808 4637
E-mail:
Web site: www.sun.ac.za/econ/
Brochures available
*Medium of tuition is English and all
programmes are suitable for interna-
tional students
This Department was established in
1920 and has a long tradition of re-

search in macroeconomics, structural
economic issues, and economic pol-
icy formulation, implementation and
assessment in the context of a devel-
oping country.
The Department offers a full-time,
taught Honours programme in Eco-
nomics in which candidates choose
one of two broad options. Those who
take the General Economics option
gain a specialised knowledge of eco-
30
31
nomics and economic analysis. The
Financial Economics option is career-
oriented, preparing students for jobs
in the financial sector of the economy.
The Department also offers an Hon-
ours programme in Economics and
Mathematical Statistics. Covering a
specialised study not only of econom-
ics, but also of statistical inference,
this programme equips students to
analyse relationships in the economy.
Building on from an honours degree,
or its equivalent, students may choose
between a research-based Master’s
programme, requiring a thesis that is
the result of independent research, or
a taught Master’s programme. The lat-

ter is a full-time programme that aims
to produce competent professional
economists who can be employed
in the public and private sector. Stu-
dents can opt for General Economics,
or specialise in Economics of Educa-
tion, Development Economics or in
Trade and Industrial Policy.
The Master’s programme in Eco-
nomic Policy is a part-time, taught
programme. Students attend lectures
at the Stellenbosch Campus twice a
year for two weeks at a time. It equips
people who have not undergone spe-
cialised training in economics, but
who find themselves in careers that
require an intimate knowledge of eco-
nomic policy in all its applied fields,
with the appropriate skills in the de-
sign, implementation and assessment
of economic policy.
The highest qualification offered by
the Department is a Doctorate in Eco-
nomics by way of a dissertation.
Exchange agreements exist with,
among others, the Vrije University,
and the Universities of Erasmus and
of Maastricht.
33 DEPARTMENT OF INDUSTRIAL
PSYCHOLOGY

For more information
Tel: +27 (0)21 808 3008
Fax: +27 (0)21 808 3007
E-mail:
Web site: www.sun.ac.za/industrial_
psychology/
Brochures available on the web site
*On modules suitable for international
students, contact the Department or the
International Office.
Industrial Psychology focuses on the
optimal development and utilisation of
human resources in the work environ-
ment. The Department – the first of its
kind in South Africa – has developed a
tradition of academic excellence and
strives to present top quality gradu-
ates to all sectors of the South African
economy. The Department would like
to see its graduates addressing the
prevailing business-related people
management issues in such a way
that they will earn the trust, respect
and appreciation of top management.
The BComm (Psych) and BComm-
Hons (Psych) programmes comply
with the requirements of the Health
Professions Council of South Af-
rica (HPCSA). The postgraduate pro-
grammes in Human Resource Man-

agement comply with the regulations
of the South African Board of Person-
nel Practice (SABPP).
Honours, Master’s and doctoral stud-
ies can follow on these undergradu-
ate programmes: BComm (Human
Resource Management), BComm
(Psych), and BA (Human Resource
Management). The first two pro-
grammes resort under the Faculty of
Economic and Management Sciences
and the third resorts under the Fac-
ulty of Arts and Social Sciences. All
three programmes lead to registration
in various categories with the SABPP
and/or the HPCSA after postgraduate
studies and approved practical work
(internship).
The Honours and Master’s pro-
grammes in Human Resource Man-
agement are presented full-time and
part-time in English. Students on the
part-time programme visit the Stel-
lenbosch Campus for 5 weeks a year
(over 2 years). The postgraduate
programme in Industrial Psychology
(BCommHons (Psych)) is presented
full-time only.
Our lecturers are scientists with
wide-ranging practical experience.

They are recognised by the SABPP
and the HPCSA, and are registered in
a variety of categories.
Postgraduate Diploma in HIV/Aids
Management
This programme is offered part-time
online (via the Internet) and supple-
mented with interactive satellite
broadcasts. Students attend a com-
pulsory summer school of one week
in January. The programme consists
of 6 modules of 20 credits each. After
completing the diploma students with
an average of at least 60% can apply
for the MPhil programme.
Applications close 31 August. Fur-
ther information and application forms
available at www.aidscentre.sun.ac.za
Enquiries: Renice Williams
Tel: +27 (0)21 808 3002/3006/2964
E-mail:
MPhil in HIV/Aids Management
The MPhil programme is an online
(via the Internet) teaching programme
supplemented with interactive satel-
lite broadcasts. A limited number of
students are selected on the basis
of their academic performance. Stu-
dents complete 4 modules of 20 cred-
its each and a research project of 40

credits.
Applications close: 30 October. Fur-
ther information and application forms
available at www.aidscentre.sun.ac.za
Enquiries: Renice Williams
Tel: +27 (0)21 808 3002/3006/2964
E-mail:
34 DEPARTMENT OF LOGISTICS
For more information
Tel: +27 (0)21 808 2249
Fax: +27 (0)21 808 2409
E-mail:
Web site: www.sun.ac.za/logistics
The Department, founded in 1960, is
the oldest tertiary academic depart-
ment in South Africa to offer tuition in
logistics and transport. The following
majors can be taken up to the PhD
level: logistics, logistics management,
operations research and transport
economics.
Programmes
- BCommHons, MComm and PhD in
Logistics Management or in Trans-
port Economics or in Operations
Research
- BPhil, MPhil and PhD in Transport
and Logistics Studies
- BPhil, MPhil and PhD in Maritime
Studies

The BPhil, a residentially offered, one-
year programme, is equivalent to an
honours programme and can be read
full-time or part-time. The admission
requirement is a bachelor’s degree
(no previous qualification in transport
or logistics is required). After a BPhil
the MPhil can be read in one year.
35 SCHOOL OF PUBLIC MANAGE-
MENT AND PLANNING
For more information
See contact numbers under programmes
Web site: www.sopmp.sun.ac.za
The School is committed to communi-
ty-focused, nationally and internation-
ally competitive academic and profes-
sional teaching, research and service
delivery in the fields of planning, pub-
lic management, public policy analy-
sis, development and environmental
management for the participative and
equitable promotion of sustainable
development.
Consisting of different components,
each with a distinct academic area of
speciality, the School functions on both
the Stellenbosch Campus and Bellville
Park Campus of the University.
The taught postgraduate pro-
grammes in Public and Development

Management are presented by way
of lectures in one block presentation
over seven days, complemented with
interactive telematic broadcasts to lo-
cations spread over Southern Africa.
The taught, modular, postgraduate
programmes in Sustainable Develop-
ment Planning and Management and
Environmental Management comprise
the attendance of a block presentation
of lectures and seminars over a period
of two to three weeks at a time, com-
plemented with study and assignment
completion at home.
The School has exchange agree-
ments with universities in Argentina,
the Netherlands, Germany, Sweden,
Denmark, Italy, and the USA (Univer-
sities of Rutgers and Wyoming). Eu-
ropean students often take semester
modules at Stellenbosch for credits
towards the completion of their de-
grees.
Postgraduate programmes at Stel-
lenbosch Campus
Public and Development Management
- BCommHons or BAHons (full-time
and part-time) taught by way of lec-
tures, with one contact session at
the Bellville Park Campus and fur-

ther interactive telematic teaching
in Stellenbosch or another centre.
- MComm, MA (full-time and part-
time) by way of research, or taught
with lectures similar to the Honours
programme.
- PhD (part-time), research option only
Enquiries
Tel: +27 (0)21 918 4193
Fax: +27 (0)21 918 4123
E-mail:
Environmental Management
Tuition for our full-time MPhil pro-
gramme is in English. It comprises
four two-week blocks of lectures on
campus over two years. The interdis-
ciplinary fields covered are manage-
ment skills for sustainable develop-
ment, environmental issues, ethics,
economics, law and management, as
well as GIS. A research application is
done.
Enquiries
Tel: +27 (0)21 808 2152
Fax: +27 (0)21 808 2085
E-mail:
Sustainable Development Planning
and Management
MPhil (full-time or part-time) taught
by way of lectures over two to four

years. The programme is presented
in collaboration with the Sustainability
Institute. After completion of the MPhil
programme students can proceed to
a research programme PhD in Public
Management and Development Plan-
ning (part-time).
Enquiries
Tel: +27 (0)21 808 2152
Fax: +27 (0)21 808 2085
E-mail:
Postgraduate programmes at Bell-
ville Park Campus
Public and Development Management
- BHons in Public Administration (full-
time or part-time) taught by way of
one contact session and further in-
teractive telematic teaching.
- Master in Public Administration
(full-time or part-time) by way of re-
search or taught.
Both above-mentioned programmes
focus on the needs of persons working
in a managerial capacity in the public
sector. After completing the Master’s
programme, students can proceed
to a doctoral research programme
in Public Management and Develop-
ment Planning (part-time).
Academic Certificate Programmes

and short courses are also presented
by way of lectures and interactive tele-
matic teaching.
Enquiries
Tel: +27 (0)21 918 4193
Fax: +27 (0)21 918 4123
E-mail:
36 DEPARTMENT OF STATISTICS
AND ACTUARIAL SCIENCE
For more information
Tel: +27 (0)21 808 3244
Fax: +27 (0)21 808 3830
E-mail: or tdewet@sun.
ac.za
Web site: www.sun.ac.za/statistics
*Programmes suitable for international
students. Feel free to contact us about
this.
Ten years before it was founded in
1946, this Department, one of the old-
est in the country, already presented
statistics as a subject, mainly for stu-
dents in the commercial sciences. In
this way we ended up in the Faculty
of Economic and Management Sci-
ences. The number of environments
needing tuition in statistics is increas-
ing even more rapidly. In 1985 we
also started offering actuarial science.
Presently we house the Centre for Sta-

tistical Consultation; proof that we are
serious about active research.
Fields of study
Statistics (up to doctorate), math-
ematical statistics (up to doctorate),
actuarial science (up to Master’s) and
financial risk management (up to doc-
torate). Listed below is a summary of
the fields covered.
Statistics and mathematical statistics:
Advanced statistical inference, Bayes
statistics, biostatistics, bootstrap
and related computer-intensive tech-
niques, categorical data analysis, con-
sultation practice, data mining, experi-
mental design, extreme value theory,
large sample analysis, multidimen-
sional scaling, multivariate statistical
analysis, probability models and sto-
chastic simulation, probability theory,
non-parametric techniques, sampling
theory, S-PLUS and R programming,
statistical learning theory, statistical
quality control, survival analysis, time
series analysis.
Actuarial science: The postgraduate
32
33
programmes cover certain of the later
subjects of the Faculty and Institute of

Actuaries. In the Honours programme
Financial Economics (CT8) and Core
Application Concepts (CA1) are cov-
ered. The Master’s programme covers
subjects on the Specialist level and
also requires the submission of a re-
search project/thesis. Successful stu-
dents are now able to obtain exemp-
tions (from the examinations of the
Faculty and Institute of Actuaries) for
not only the Core Technical subjects,
but also for CA1 and up to two Spe-
cialist subjects.
Financial risk management: Financial
mathematical statistics, financial risk
management and portfolio theory.
Consult our web site for further particu-
lars on our postgraduate programmes
in actuarial science, mathematical sta-
tistics and statistics.
37 UNIVERSITY OF STELLEN-
BOSCH BUSINESS SCHOOL
For more information
Marie Willows
Tel: +27 (0)21 918 4243
E-mail:
Fax: +27 (0)21 918 4468
Postal address: USB, PO Box 610,
Bellville 7535
Web site: www.usb.ac.za

Brochures available
*Programmes suitable for international
students
The University of Stellenbosch Busi-
ness School (USB) is situated on the
University’s Bellville Park Campus in
Bellville, Cape Town. It is one of the
few management schools outside
Europe that is accredited by the Eu-
ropean Quality Improvement System
(EQUIS) of the European Foundation
for Management Development. The
School’s MBA programme has also
been accredited by the Association
of MBAs (AMBA) in the UK. The MBA
programme received unconditional
accreditation from the quality com-
mittee of the SA Council on Higher
Education. The School is a member of
several international academic bod-
ies, including the European Doctoral
Association in Management and Busi-
ness Administration (EDAMBA).
MBA
The MBA curriculum aims at develop-
ing students’ competencies in high-
level leadership. At the beginning of
the programme, students undertake
tests to determine their leadership
profiles. After they receive feedback,

students embark on an individualised
interactive programme which extends
over the full duration of the MBA study
period and is designed to achieve
optimal personal leadership develop-
ment. After students have completed
the core modules of the MBA pro-
gramme, they may choose from a va-
riety of elective modules or specialise
in a specific study area. Certain mod-
ules may be followed at foreign busi-
ness schools with which the USB has
exchange agreements.
The MBA programme is presented in
the following formats:
MBA (Full-time)*
One year of lectures during the day;
research report in the 2nd year (Eng-
lish).
MBA (Part-time)
Two years of lectures in the evening;
research report in the 3rd year (Eng-
lish).
MBA (Modular)*
Two and a half years of block lectures
(4 blocks of 8 days during each of
the first two years, and 2 blocks of 8
days during the third year: totalling
10 blocks); research report in the 3rd
year. Two programmes to choose from

(bilingual: English and Afrikaans; or
English).
Master’s in Development Finance*
This Master’s programme runs over
one year full-time (with daily lectures)
or over two years modular (with five
lecture blocks of two weeks each in
this period). Core modules include
quantitative methods, microfinance,
project finance, corporate gover-
nance, political and economic dimen-
sions of development in Africa, and
small-scale enterprise development.
Master’s in Coaching*
This Master’s programme is offered by
the USB in conjunction with Middlesex
University in the UK.
MPhil in Futures Studies*
This Master’s programme is presented
by the Institute for Futures Research
in cooperation with the USB. The pro-
gramme, which runs for two years, is
presented electronically by way of in-
teractive telematic education.
PhD in Business Management and
Administration*
This two-year programme involves re-
search culminating in a dissertation. A
limited number of bursaries are avail-
able for full-time students.