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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 has a contingency plan for load shedding
2008-02-13


The University of the Free State (UFS) has put in place a contingency plan to ensure that there is minimal disruption to the normal academic operations of its Main Campus in Bloemfontein whenever load shedding occurs.

The plan includes alternative arrangements for certain lectures that fall within the load-shedding schedule provided by Centlec, the emergency power generation for certain lecture halls and buildings, as well as the functioning of the UFS Sasol Library. This is in addition to emergency power equipment that has already been ordered for the larger lecture-hall complexes.

Fortunately, the Qwaqwa Campus has adequate emergency power generation capacity. The situation on the Vista Campus in Bloemfontein is being monitored, but the same guidelines will apply as on the Main Campus.

On the Main Campus in Bloemfontein the following alternative arrangements regarding the timetable for evening classes will come into effect when load shedding occurs:

  • An alternative module and venue timetable has been compiled so that classes that cannot take place on weekdays as a result of load shedding can be accommodated on Fridays and Saturdays.
  • Classes that are presented in the timeslot 18:10 to 21:00 on Thursdays are alternatively accommodated in the same venues at the same times on a Friday.
  • Classes that take place in the timeslot 20:10 to 22:00 on Wednesdays are alternatively accommodated in the timeslot 08:10 to 12:00 on Saturdays, in a few cases in different venues from those scheduled initially.
  • After consultation with students, lecturers will decide whether the alternative timetable will apply when load shedding does indeed occur or whether the alternative timetable will be a permanent arrangement.

Some other steps that have been taken regarding the functioning of lecture halls include:

  • The design and installation of emergency power equipment in all the large lecture-hall complexes within the next few months. This includes the Examination Centre, Flippie Groenewoud Building, the Stabilis and Genmin lecture halls.
  • The ordering of a larger generator for the Agriculture Building to simultaneously provide essential research equipment such as refrigerators, ovens and glasshouses with emergency power.
  • An investigation into the optimal utilisation of present emergency power installations.
    The purchasing of loose standing equipment such as battery lights, uninterruptible power supplies, loose-standing generators, etc.

The UFS Sasol Library will continue as normal as far as possible though there may be some minor changes as a result of load shedding. The library has an emergency generator that will be used in the event of load shedding to allow students and other users to exit the library. If load shedding occurs during daylight hours, the library will remain open with limited services. If the load shedding occurs after 6 pm (18:00), all users will be allowed to exit and the library will remain closed until the next day.

A comprehensive investigation into the university’s preparedness for and management of long term power interruptions is also receiving attention.

More information on the contingency plan for load shedding can be obtained from the UFS website at www.ufs.ac.za/loadshedding.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
13 February 2008


 

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