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18 November 2020 | Story Dr Nitha Ramnath | Photo Supplied
The UFS team, from the left: Monique Harcourt, Dawid Potgieter, Atalanta Watson, and Zoe Travers.

One of two teams from the University of the Free State (UFS) performed exceptionally well and made it to the top four in the extremely competitive local Chartered Financial Analyst (CFA) University Challenge.

The CFA Society South Africa recently hosted the 12th annual local edition of the CFA Institute University Research Challenge. The research challenge is an annual global competition in equity research hosted by the CFA Institute, a global representative body for chartered financial analyst (CFA) charter holders. During the research challenge, teams from different universities locally and internationally compete on three levels – more than 1 000 universities compete annually.  

"Taking part in the CFA challenge was a wonderful opportunity where we learnt new skills and gained industry-specific experience, which will be invaluable to us as we graduate and embark on our journey as professionals. We are proud to have represented Kovsies in the finals and this proved to us, once again, that hard work pays off, " said the UFS team.

Two teams of four were selected to represent the UFS during the 2020 challenge. Team selection was based on students’ performance during the first semester of their BCom Honours (specialisation in Financial Economics and Investment Management) in the Department of Economics and Finance. During the challenge, students assumed the role of a (sell-side) research analyst and had to write a concise report that covered various aspects related to the company’s business activities, structure, governance, finances, etc., which was presented via Zoom to a panel of judges from the CFA Society South Africa. 

Dr Ivan van der Merwe, the team’s adviser from the Department of Economics and Finance, commented: “It was a pleasure to work with a team that showed so much dedication and was willing to go the extra mile. The experience they gained during this challenge will stand them in good stead and it was a real confidence builder for them to successfully complete a very stressful live presentation and subsequent question session. They made us proud and set the standard for aspiring Finance students at Kovsies.” 

News Archive

UFS supports SAASTA in science initiative
2010-08-27

Romeo Motsie, Michelle Baadjies, Puleng Phalole and Thato Ntsebeng from the winning school, Unicom Primary School (Tweespruit) with Susan Usher, their teacher.

The National Astronomy Quiz for Grade 7 learners was recently hosted at the Boyden Science Centre, which is managed by the University of the Free State’s (UFS) Department of Physics. It was also Boyden and the UFS’s Department of Physics that coordinated the Free State leg of the competition. The Free State Department of Education was also on board to ensure smooth arrangements for the preliminary, as well as the first two official rounds of the competition.

The competition is hosted by the South African Agency for Science and Technology Advancement (SAASTA), an agency of the National Research Foundation (NRF).

Ninety schools from all over the Free State took part in the first official round. Eighteen schools qualified for the second round, once again with a balanced geographic coverage of the province.

During the second round, eight schools made it to the third round. Two of these schools were from Bloemfontein and the other six from other towns and rural areas in the Free State.

The third round and provincial finals took place at the Boyden Science Centre. The schools qualifying for the final round were Hennenman Primary School, Unicom Primary School (Tweespruit), Voorwaarts Primary School (Kroonstad) and Fichardt Park Primary School (Bloemfontein).

As a pleasant surprise, Unicom Primary School, a less well-known school from a smaller town, won the Free State finals. It was the first time this had happened since the inception of the competition.
 

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