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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

Kovsie student on his way to the record books
2011-10-12

 

Hermann van Heerden
Photo: Gerhard Louw

Ten hours. That’s how long Kovsie student Hermann van Heerden held a stationary wheelie in his wheelchair by lifting the front wheels of his wheelchair. The second-year disabled student now stands to get his name in the Guinness World Record Book for the longest stationary wheelie in a wheelchair.

Starting at 03:15 and holding on until 13:15 on Tuesday, 11 October 2011, Hermann achieved what he set out to do. Now he is waiting for the Guinness World Record office to verify his world-record attempt.

The minimum time set for Hermann to achieve a Guinness World Record was four hours, but the B.Ed. student went six hours over this time, wheeling non-stop for ten hours. During this time the Kovsie student had no food or water over his lips, nor was he allowed to go to the bathroom.

Hermann’s Guinness World Record attempt forms part of the ten-year celebrations of the Unit for Students with Disabilities (USD) at the University of the Free State (UFS).

Accomplishing his record attempt, a tired Hermann said the first thing he wanted to do was to eat. Hermann, who was born with spina bifida, a developmental congenital disorder, said he did not have a lot of preparation for his world-record attempt, as he had always been in a wheelchair.

According to the Guinness World Records press office, the closest record to the one Hermann set out to achieve, is for the longest continuous wheelie in a wheelchair. This was achieved by Michael Miller from the USA who covered a distance of 16, 12 km on the rear wheels of his wheelchair.

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