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22 February 2018 Photo Xolisa Mnukwa
Future of South Africa discussed at UFS peace conference
Delegates form the UFS and Osaka University gathered together at the Peace Conference.

The Department of Political Studies and Governance as well as the Centre for Africa Studies at the University of the Free State (UFS), together with the Osaka School of International Public Policy of Osaka University, jointly hosted a Quo Vadis South Africa Conference at the UFS on 12 and 13 February 2018.

Prof Hussein Solomon, Department of Political Studies and Governance, stated: “The focus is very much policy-oriented using academic insights to help resolve the myriad challenges confronting South Africa as a country as well as those on the continent.”

Prof Philippe Burger, Head of the Department of Economics and Acting Dean at the Faculty of Economic and Management Sciences at the UFS, spoke on the state of the national economy saying that factors contiguous to education could explain unemployment in South Africa. He pointed out that 60% of the population who were unemployed had not completed high school. He said only 20% of the employed population had tertiary education. Prof Burger said that labour-intensive, export-driven and investment-driven growth are the three integral sectors to consider when looking to improve the economy and overall growth of the country.

Prof Andre Duvenhage from North-West University delivered a presentation on his Strategic Perspectives of the ANC’s 2017 National Conference. Prof Duvenhage said that he had anticipated President Jacob Zuma’s recent departure from the ANC, saying his exit strategy had been negotiated behind the scenes. Some of his focal points included the state decay as a result of corrupt state practices, and the ideal future of the legitimate state which envisions the optimistic turn-around of the current condition of the South African Constitution.

“The future of Africa will be determined by politics”, said Jakkie Cilliers; Chairperson of the board, and Head of African futures and Innovation at the Institute for Security Studies. He explained that politics would drive events leading up to the national elective conference. This would offer political-election-outcome forecasts for 2019, 2024 and 2029 for the ANC, DA, EFF, and other national political parties. 

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Academic addresses financial planning leaders at world summit
2010-05-04

Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), addressing financial leaders at the World Financial Planning Summit.


Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), is chair to four Financial Planning Standards Board (FPSB) expert panels that guide the global Certified Financial Planning (CFP) certification programme. At the recent World Financial Planning Summit, held in Taipei in China, he challenged a group of global financial planning leaders to support the formation of a global financial planning body of knowledge with sustainable career-path development opportunities.

He said: “For financial planning to be recognised as a distinct professional practice and a global profession, the financial planning community must establish a universal body of knowledge that is supported by applicable in-depth research.

“We need to establish how professional bodies should collaborate with academia to integrate a more competency-based education and training environment that combines theory with practice. Fostering and promoting comprehensive research in financial planning topics is another key challenge that must be addressed in order to develop a tertiary knowledge framework for the financial planning profession.”

Adv. Oosthuizen, who is playing a big role in providing consistent and rigorous education and assessment tools for financial planning in 2010, said that a bachelor’s degree should be a compulsory minimum requirement for practising financial planners.

About the learning curve between the academic and work environments in the financial planning profession, Adv. Oosthuizen said: “Implementing a career-path model that supports a more structured approach to apprenticeships and supervised practice would complement a specialised financial planning body of knowledge and provide entrants to the profession with the necessary theoretical knowledge and practical experience to offer competent and ethical financial planning.”

The World Financial Planning Summit engaged global leaders of more than 17 financial planning standards-setting bodies, as well as regulators, financial planning educators and other invited guests in a dialogue about the steps needed to gain recognition for financial planning as a distinct, global profession.
 

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