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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

Infrastructure development booming at UFS
2016-09-30

Description: Physics and Geography Complex on the Qwaqwa Campus  Tags: Physics and Geography Complex on the Qwaqwa Campus

The new Physics and Geography Complex on the
Qwaqwa Campus is connected to the existing
Chemistry Building.

Photo: Charl Devenish

As a world-class tertiary institution, the University of the Free State (UFS) boasts with three new buildings on its Bloemfontein and Qwaqwa Campuses since 2015. All of these buildings are extensions to current buildings, supporting the university’s vision of excellence in academic achievement.

Extensions and additions to the value of R23 million were made to the existing Biotechnology Building. The funding was provided by the Department of Higher Education and Training. The additions were made to the southwestern corner of the existing building. Further developments to the building includes: six new offices, a lecture hall for 70 students, and laboratories accommodating 56 postgraduate students.

Prof Martie Smit, Academic Head of this department, says: “This new and refurbished facility enables us to give our best. As academics, we are committed to do our part in delivering high-quality education on both undergraduate and postgraduate levels to students envisaging a future in biotechnology.”

Dr Lis Lange, Vice-Rector: Academic, is proud of the heights the department has reached to date. “The Department of Physics is undoubtedly one of the jewels in the crown of our university, and we are very proud of its developments. Universities are built on legacies, and they are also about change, which is what this department has been demonstrating.”
The new Physics and Geography Complex on the Qwaqwa Campus is connected to the existing Chemistry Building. The building is the first of its kind on the campus and boasts an auditorium with 360 seats and a Geography Information System laboratory with 100 work stations.
 

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