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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

Kovsie wins luxury apartment in Paarl-Franschhoek Valley

2016-11-09

Description: Win A Home Tags: Win A Home

Palesa Moisi, winner of the Win A Home
competition on the Afternoon Express
Show on SABC 3.
Photo: Win A Home

The saying “Dreams do come true” is a perfect explanation for 25-year-old Palesa Moisi who was announced winner of the Win A Home competition.

Palesa, who is currently completing a Postgraduate Certificate in Education at the University of the Free State, is the proud owner of a beautiful apartment worth almost R3 million. The day after the announcement, she was escorted to the Val de Vie Estate to pick her dream apartment from three beautiful designer apartments.

Proud owner of apartment at Val de Vie

With Win A Home Season 3 on SABC 3’s Afternoon Express, viewers not only stood a chance to win bi-weekly prizes, but Palesa walked away with a two-bedroomed furnished apartment in the Polo Village at the prestigious Val de Vie Estate in the Paarl-Franschhoek Valley near Cape Town. The draw took place on 26 August 2016 at the Afternoon Express Studios.

Time stood still for a moment

Palesa says when she stepped towards the safe, which each contestant was assigned to, and opened it, everything just stood still. A key to the apartment was inside one of the safes. “My mind was somewhere else and when I saw the key I realised: ‘Hey I need to take it out and show it to everyone’.”

Financial constraints are a big issue for her family. Her mother is a single parent and Palesa has a younger sister who needs to be cared for. “I’m still a student and I think that if I rent out the house for now, I will be able to pay for my fees and take some pressure off of my mother,” she says.

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