VUT WINS NATIONAL AWARD  

VUT was placed joint first in the PriceWaterhouseCoopers (Chartered Accountants South Africa) “Excellence in Corporate Governance Awards”. The PwC competition is open to all higher education institutions in South Africa and the following criteria was used:

Functioning of Council

Functioning of Committees of Council

Functioning of the Audit Committee of Council

Our Internal Audit Function

Our Financial Reporting

Our Budgeting Process and Management

VUT’s Risk Management

VUT achieved an average rating of 91% in this year’s competition.  In addition we achieved full marks for Budgeting, Financial Reporting and Internal Auditing.

This is an exceptional achievement for VUT and full credit must be given to all members of Council, Management, Employees and Students for their contribution in winning this national award.

It is also important to record that in 2008 and 2009 we finished second in the same competition.

WELL DONE AND CONGRATULATIONS V U T !!!!

Issued by the office of the DVC: Resources and Planning

03.11.2010