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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

Meet our Council: MEC Tate Makgoe – A proud vision for all
2016-06-07

Description: Tate Makgoe  Tags: Tate Makgoe

MEC Tate Makgoe
Photo: Stephen Collett

The MEC of Education in the Free State, Mr Pule Herbert Isak Makgoe, is serving his third term on the UFS Council.

MEC Tate Makgoe, as he is known, holds a Chemical Engineering degree from the Technikon Vaal Triangle, a Bachelor of Commerce degree from Unisa, an Honours in Commerce degree from the UFS, and a Master’s degree in Business Leadership from Unisa.

Early years
From an early age, he was acutely aware of the delicate and volatile political landscape in the country caused by draconian apartheid policies. He has been active in the political realm since 1984, when he left the country to join the ANC’s military wing, Umkhonto we Sizwe, in exile.

“I have devoted my life to the disadvantaged and marginalised in order to realise fully the objectives of true political transformation, and the total eradication of grinding poverty,” he says. His political activism landed him in Sun City prison from 1986 to 1991.

After the unbanning of the ANC, MEC Makgoe became a Northern Free State regional executive member and, in 1994, he was appointed as the ANC’s election campaign manager in the Free State. He has also served as provincial treasurer, and as a member of the executive committee of the ANC in the province.

MEC Makgoe’s current position

After serving as MEC in five portfolios in the Free State Province at different times - Finance, Tourism and Environmental Affairs, Agriculture, Public Safety and Security, and Finance – MEC Makgoe was appointed as MEC for Education in 2009, a position he has held ever since.

In 2014, he received the prestigious Ubuntu Award for Education by the Turquoise Harmony Institute for his outstanding leadership role in steering the department to produce the highest matric pass rate in the country of 87,4%. Previous recipients of the Ubuntu Award include late former president, Nelson Mandela, and anti-apartheid struggle icon, Ahmed Kathrada.

Recipient of Kovsie Alumni Cum Laude Award

MEC Makgoe is also a former recipient of the Kovsie Alumni Cum Laude Award. The Cum Laude Award is bestowed occasionally on an alumnus for outstanding service or achievement on regional, national, or international level in his/her field of work. He is married to Ivy, and the couple have three children: Palesa, Maki, and Junior.

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