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UFS team makes it to top four in CFA University Research Challenge

18 November 2020 | Story Dr Nitha Ramnath | Photo Supplied

CFA CHALLENGE_web read more — 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

ABSA sponsors Sports Weekend at the UFS Qwaqwa Campus

2004-09-23

Mr Banny Macholo Retail Banking Services Manager: ABSA (Student Bureau Bloemfontein) , Mr D T Zoko Sports Officer (UFS Qwaqwa Campus), Ms P Rabotapi Social Worker (UFS Qwaqwa Campus) and Mr Timmy Mohlakoana Retail Banking Services Manager : ABSA (Qwaqwa Branch)

In spite of the gale force winds and dust on the weekend of the 17th September, the University sporting clubs braved it in a sports gala at the Qwaqwa Campus of the University of the Free State. The sporting codes comprised soccer, netball, basketball aerobics, chess, volleyball, dance, athletics and body–building.

ABSA Bank donated R15 000.00 to facilitate the event, which began with indoor activities on Friday 17th and continued through Saturday with field sports and more indoor contests.

On behalf of ABSA, Mr Banny Macholo RBS Manager Student Bureau Bloemfontein and Mr Timmy Mohlakoana RBS Manager Phuthaditjhaba, attended the sports day. They said that the relationship that has been developed between ABSA and the UFS Qwaqwa Campus during this event, has been very profound and helpful to our immediate community, which is very rural and poor and from which most of the students are drawn They also assured the organisers that ABSA would seriously consider making it a yearly event.

Media release

Contributed by Ms Jabu Dakile

Senior Liaison Practitioner

UFS Qwaqwa Campus

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