Acknowledgement of transport delegation, VUT representatives and MEC of Gauteng Department: Roads and Transport, Mr Steven Matsemela
Mukhodeni Masela, a Vaal University of Technology (VUT), Cost Accounting and Management Accounting master’s student received an international exchange scholarship to DHBW Ravensburg in Germany. There he passed 12 courses and excelled in eight subjects.
However, Mr Masela, didn’t just excel in Germany but his current study title: “Exploring the application of management accounting principles in the Emfuleni Local Municipality taxi industry” has had an influence in the taxi industry by changing perceptions when it comes to saving money.
He said that mismanagement of funds and lack of bookkeeping have stolen billions of people’s money and he aims to eliminate these problems with three innovative products to enhance the transport industry.
Masela, who describes himself as a visionary and innovative person, approached the Corporate Affairs department to assist him in honouring the transport owners who participated in his study as a token of appreciation. The department organised a function which was well attended by the participants as well as delegations from VUT and the MEC of Gauteng Department: Roads and Transport, Mr Steven Matsemela.
Mr Matsemela said the outcomes of the study should be taken into consideration by the department because it will assist many taxi owners. He further said that the taxi industry does not belong to taxi owners only but also the community at large and this study should serve as “an investment into the taxi industry”.
In closure, Masela said that he intends to do his PhD after his master’s and start up a private bank that could be utilised by transport operators.
Masela said in closing: “To have a master’s degree is fine, but to have a master’s degree that matters and solve social crises is great.”
He thanked everyone who participated and they were all given a certificate of acknowledgment from Corporate Affairs.