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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

Student protest against integration of the Main Campus residences
2008-02-21

The management of the University of the Free State (UFS) is extremely concerned about the actions of some of our students who have committed public violence, crimen injuria and damage to property last night (Wednesday, 20 February 2008) on the Main Campus in Bloemfontein.

The management condemns these criminal acts in the strongest terms. We are concerned about what appears to be an orchestrated campaign to frustrate the implementation of the new residence policy on diversity.

We remain committed to ensuring a safe campus for staff and students to engage in the academic activities of the UFS and will take the necessary legal steps to avoid a repeat of these incidents.

Normal academic and other activities are continuing and have not been disrupted. We are appealing to all staff and students to remain calm.

We note the contents of a memorandum that was handed to the management regarding the integration of our student residences.

We remain committed to the implementation of the Council approved policy on increasing diversity in our residences as part of a new institutional culture for the UFS.

We also remain committed to engaging with students on these and other matters. In fact, several meetings have taken place over the past few weeks with the Student Representative Council (SRC) and with primes about student issues.

We would like to appeal to student leaders to follow the established channels to address their concerns.

These channels have been successful in the past in addressing student concerns and we see no reason why they cannot succeed in the current situation.

The management will meet with student leaders as soon as is possible to engage with students on these matters.

However we want to reiterate that criminal behaviour and misconduct will not be tolerated.

Media Release
Issued by: Anton Fisher
Director: Strategic Communication
Tel: 051 401 3422
Cell: 072 207 8334
E-mail: fishera.stg@ufs.ac.za  
21 February 2008
 

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