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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

UFS supports SAASTA in science initiative
2010-08-27

Romeo Motsie, Michelle Baadjies, Puleng Phalole and Thato Ntsebeng from the winning school, Unicom Primary School (Tweespruit) with Susan Usher, their teacher.

The National Astronomy Quiz for Grade 7 learners was recently hosted at the Boyden Science Centre, which is managed by the University of the Free State’s (UFS) Department of Physics. It was also Boyden and the UFS’s Department of Physics that coordinated the Free State leg of the competition. The Free State Department of Education was also on board to ensure smooth arrangements for the preliminary, as well as the first two official rounds of the competition.

The competition is hosted by the South African Agency for Science and Technology Advancement (SAASTA), an agency of the National Research Foundation (NRF).

Ninety schools from all over the Free State took part in the first official round. Eighteen schools qualified for the second round, once again with a balanced geographic coverage of the province.

During the second round, eight schools made it to the third round. Two of these schools were from Bloemfontein and the other six from other towns and rural areas in the Free State.

The third round and provincial finals took place at the Boyden Science Centre. The schools qualifying for the final round were Hennenman Primary School, Unicom Primary School (Tweespruit), Voorwaarts Primary School (Kroonstad) and Fichardt Park Primary School (Bloemfontein).

As a pleasant surprise, Unicom Primary School, a less well-known school from a smaller town, won the Free State finals. It was the first time this had happened since the inception of the competition.
 

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