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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

New conductor of OSM Camerata is one of South Africa’s most successful young people

2014-03-27

Mr Xavier Cloete

The OSM Camerata at the University of the Free State boasts with a young renowned conductor to lead them in the next season.

Mr Xavier Cloete, winner of the 2013 National Len van Zyl Conductor’s Competition, will conduct the Camerata during the Odeion School of Music’s opening concert.

He completed his BMus degree at the University of Stellenbosch in 2011 with bassoon and orchestral conducting as main instruments and is currently employed by the KwaZulu-Natal Philharmonic Orchestra (KZNPO).

As winner of the Len van Zyl Competition, he completed a conducting internship with the famous Philadelphia Orchestra, which gave him the opportunity to work with acclaimed conductors. He also studied at the Bienen School of Music (Northwestern University) in the Advanced Graduate Conducting Class of Prof Victor Yampolski.

Last year Xavier was also invited to attend the first Sasha Mäkilä International Master Classes in Finland.

His love and passion for music started early in his life – and somewhat coincidentally - in church.

“I was learning to play a few hymns on my dad’s Hammond organ at home. One Sunday our church organist didn’t turn up and I nonchalantly moved in behind the organ. It went very well.”

Xavier ascribes his success to lots of hard work and his love for music.
“My passion for music drives me to work hard. Hard work shows that you are dedicated and this is again seen in the successes you achieve. The reward of one’s hard work is the best instrument.”

He will be making his international debut with the St Michel’s City Orchestra (Finland) during April 2014.

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