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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

Wayde van Niekerk sets new African record

2015-06-11

Wayde van Niekerk

Eight years before Wayde van Niekerk was born, Gabriel Tiacoh set a record of 31.74 in a 300m race. Now, 7 June 2015 has been marked as the historic day when the University of the Free State student sprinted 300m in 31.63 seconds at the Diamond League meeting in Birmingham.

Van Niekerk improved on his 2011 personal best 300m finish of 33.32 seconds, set in Stellenbosch. The African championship silver medalist said setting a new African record was “a blessing that I cannot really explain. Everything I achieve is God’s work.”

“What drives me is my family and friends, and the fact that I know my gift comes from God so running is my way of thanking the Lord,” he added.

Odessa Swarts, his mother, expressed how proud she is of her son. “I believe and trust with his faith in our heavenly father he is destined to become one of the greats South Africa has ever produced.”

His coach, Ans Botha, expressed her satisfaction, although she described his feat as “a little bit unexpected.” She said Van Niekerk’s achievement indicates that they are in the right track en route to the International Association of Athletics Federations (IAAF) World Championships in Beijing.

Van Niekerk is at present preparing for a 400m Adidas Grand Prix event in New York this Saturday.

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