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12 November 2021 | Story Leonie Bolleurs | Photo Supplied
The group that went through to the finals of the CFA Institute Research Challenge, was from the left: Jan Hendrik Grobbelaar; Frans Benecke, Dr Ivan van der Merwe, Sacha Bourquin, and Johann Schlebusch.

Due to their knowledge and skills, charter holders are in high demand in the finance industry. A Chartered Financial Analyst (CFA) qualification sets extremely high standards of integrity and excellence, and these professionals are thus highly sought after in the investment management industry.

Dr Ivan van der Merwe, Lecturer in the Department of Economics and Finance at the University of the Free State (UFS), says the CFA Society South Africa recently (27 October) hosted the 13th annual local edition of the CFA Institute Research Challenge. “This research challenge is an annual global competition in equity research presented by the CFA Institute, which is the global representative body for CFA charter holders.”

Exceptional performance 

In a very competitive university challenge, one of the two UFS teams that entered made it through to the regional finals, along with one team each from the University of Johannesburg (UJ), the University of Stellenbosch Business School (USB), and the University of Cape Town (UCT).

Besides having the opportunity to compete with the best, the research challenge also offered students the chance to learn from leading industry experts on how to perform in-depth company analysis and to present their findings,” says Dr Van der Merwe. 

He explains that during this challenge, students had to assume the role of a sell-side research analyst and were scored by a CFA judging panel on their ability to value a specific company – Impala Platinum in this case. They had to write a concise report that covered various aspects related to the company’s business activities, structure, governance, finances, etc., after which they had to present their recommendation in terms of buying or selling the company. In addition, finalists also had to make a formal presentation via Zoom to a panel of judges from the CFA Society South Africa, where they had to justify their valuation by answering several questions posed by the judges. 

“Although the team from USB won the finals, it was still an exceptional performance for the UFS to make it to the top four teams in the country,” states Dr Van der Merwe.

Mentored by the best

Selection of the two teams of four members each representing the UFS during the 2021 challenge was based on the students’ performance during the first semester of their BCom Honours (specialisation in Financial Economics and Investment Management) in the Department of Economics and Finance.

Once selected to enter the competition, the team members were coached by an industry mentor as well as a faculty adviser. 

Dr Van der Merwe, who was the team’s adviser, says, “I was very impressed with the dedication that this group showed during the competition. It took many days and even some sleepless nights for them to produce an impressive final product within a short period.”

He believes the experience they gained during this challenge will stand them in good stead. “To successfully complete a very stressful live presentation and subsequent question session was a confidence builder for the teams. They made us proud and will inspire future Finance students at the UFS to follow in their footsteps.”

Winners of the regionals will proceed to participate in the international final, which is, according to Dr Van der Merwe, an extremely prestigious achievement, since more than 1 000 universities compete annually.  

News Archive

Prof. Jonathan to take up office on 1 July 2009
2009-03-24

Our new Rector and Vice-Chancellor, Prof. Jonathan Jansen, has indicated that he will take up office on 1 July 2009.

Speaking here at the Main Campus in Bloemfontein today after discussions with members of Council, Prof. Jonathan said he was deeply humbled by the overwhelmingly positive reception he has received from all quarters on and off campus following the announcement of his appointment.

“I have received telephone calls, e-mails, SMSs and messages from people who have nothing but support and seemingly lots of advice for me, which has humbled me tremendously. I am truly grateful for the trust shown in me by so many people I have not even met.

“This generosity and warmth is something that has reinforced my view that the University of the Free State is indeed a very special place for so many people and a place that I am honoured to serve as Rector and Vice-Chancellor.”

Prof. Jonathan said he would dedicate his first few months in office to a listening campaign to learn about the issues and concerns that are on people’s minds as well as the initiatives and developments at our university that make them proud of our institution.

“This is an important step because I don’t want to come across as some know-it-all who can come here and tell people this is what they should do. It is also an important step to get people talking and united about a common vision for the academic institution that the UFS is. It will have to be about the twin imperatives of racial reconciliation and academic excellence.

“In this process of listening and learning no-one will be excluded. I will talk to people on campus and off campus, including academic staff, support staff, the Qwaqwa Campus, students, parents, alumni, local business, the religious community, and our sport persons.

“I must also add that I have now bought my Cheetah and Bloemfontein Celtic jerseys, difficult as it was for me.”

Media Release
Issued by: Anton Fisher
Director: Strategic Communication
Tel: 051 401 2749
Cell: 072 207 8334
E-mail: fishera.stg@ufs.ac.za  

 

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