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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

KovsieTennis wins gold at USSA – again

2014-12-10

The annual University Sport South Africa (USSA) tournament was hosted by the KovsieTennis Club from 1 – 5 December 2014 in Bloemfontein.

This year was the first time that KovsieTennis entered two teams in the tournament. Our first team played in section A, while our second team competed in section B. Both sections were divided into two pools with round robin matches during the first three days. Thursday presented the cross-over with the finals taking place on that Friday.

During the round robin phase, our first team beat Rhodes University, University of Witwatersrand and University of Pretoria. On the Thursday, they met North West University (Pukke) in the semi-final and beat them 8-5 in matches. The last match was not played, since Kovsies already won the semi-final. For the third year in a row, Kovsies faced Stellenbosch University (Maties) in the final. After some brilliant tennis in sweltering heat, Kovsies found themselves 7-5 down in matches with the last two mixed doubles still to be played.

Janine Erasmus and Duke Munro, as number one couple, and Arne Nel and Heidi Murray, as number two couple, played outstanding mix doubles to win both matches, tying the score on 7-7. Due to the fact that Kovsies lost three of their matches in three sets they were crowned champions, winning with 17-14 on sets.

It is the eighth year in a row that the Kovsie club managed to win gold during USSA. We are also the only team that has won the tournament since the format changed to combined teams from 2010.

After the tournament Arne Nel, Duke Munro and Christi Potgieter were included in the squad from which a team will be selected, should tennis feature at the World Student Games in Korea during July 2015. Janine de Kock , KovsieTennis manager, was also appointed as manager of the SA Student team and Marnus Kleinhans from Kovsies will be their coach.

The second team beat Tshwane University of Technology, University of Kwa-Zulu- Natal and University of Cape Town during the round robin and in the semi-finals they won against University of Pretoria. Unfortunately they lost in the final against the North West University, but the club is extremely proud of the players since it was the first time all of them played in a USSA tournament. They gained a lot of experience that will greatly contribute to the value they will add to the team next year.

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