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09 March 2022 | Story Leonie Bolleurs | Photo Supplied
Dr Edson Vengeai
Dr Edson Vengesai believes accreditation from and affiliation with the CFA Institute signals to potential students, employers, and the marketplace that the UFS BCom Investment Management and Banking curriculum is well-suited to prepare students for a brighter career in the investment field.

The University of the Free State (UFS) Faculty of Economic and Management Sciences was recently welcomed into the world’s largest association of investment professionals, the CFA Institute University Affiliation Programme. The CFA designation is globally recognised as the gold standard in the investment field.

Accreditation by this respected source of knowledge in investment and portfolio management reflects the rigour and value of the UFS BCom Investment Management and Banking (IMB) degree – housed in the more than a century-old Department of Economics and Finance. 

According to Dr Edson Vengesai, Senior Lecturer in the Department of Economics and Finance, the BCom IMB positions students well to obtain the Chartered Financial Analyst (CFA®) charter, which has become the world's most respected and recognised investment credential. Including the UFS, only five universities in South Africa are affiliated to the CFA Institute. 

Most respected investment designation

Members who have attained the prestigious designation ‘Chartered Financial Analyst’, hold prominent roles in leading investment firms in financial centres worldwide. “Becoming a charter holder is a defining moment for many investment professionals, which exemplifies a robust understanding of advanced investment analysis and real-world portfolio management skills,” he says.  

Dr Vengesai states that with this affiliation from the CFA Institute, the BCom IMB degree has been acknowledged as incorporating at least 70% of the CFA Program Candidate Body of Knowledge (CBOK) within the programme. Moreover, it also places emphasis on the CFA Institute Code of Ethics and Standards of Professional Conduct. He believes preparing graduates who are ethically grounded and ready to execute their duties in an ethical and professional manner is a major necessity in the financial analysis and investment field.

Writing from London in the United Kingdom, Director of University Relations at the CFA Institute, Peter Watkins, states: “The UFS BCom in Investment Management and Banking is a rigorous programme that will be of great benefit to students entering the investment profession.”

Dean of the Faculty of Economic and Management Sciences and Pro-Vice-Chancellor: Poverty, Inequality and Economic Development, Prof Philippe Burger, adds that the accreditation aligns with the faculty’s drive to create opportunities for its students to not only pursue excellence, but also to compare with the best in the industry, locally and on an international basis. He says the BCom in Investment Management and Banking is one of a range of cutting-edge, industry-relevant, and scientifically rigorous degrees offered by the Faculty of Economic and Management Sciences. “Quite a number of the faculty’s programmes are accredited by professional bodies, with accreditation by the CFA being the latest.”

Taking the financial sector to new heights

Through the CFA programme, the UFS will also be eligible to receive CFA Programme Student Scholarships each year, which will contribute to the much-needed skill set of well-grounded financial analysts who can take the financial sector to new heights. “Aligning our degree programme with the CFA curriculum will equip our students with the kind of expertise and real-world skills in investment analysis that will help set them apart from other institutions and peers,” adds Dr Vengesai, who also aims to produce a breed of innovators, critical thinkers, and producers of information.

“The affiliation signals to potential students, employers, and the marketplace that the UFS BCom Investment Management and Banking curriculum is closely tied to professional practices and is well-suited to prepare students for a brighter career in the investment field,” Dr Vengesai concludes. 

News Archive

Prof Andre Keet to chair Ministerial Oversight Committee on Transformation
2017-07-14

Description: Prof Andre Keet  Tags: Transformation, Higher Education, Oversight Committee, appointment 

Prof Andre Keet 
Photo: Stephen Collet

Higher Education Minister Dr Blade Nzimande has increased from seven to 10 the number of members of the Ministerial Oversight Committee on the Transformation in the South African Public Universities.

In a government gazette published on 7 July 2017‚ Dr Nzimande appointed new members of the committee for a three-year term to be chaired by Prof Andre Keet, Director of the Institute for Reconciliation and Social Justice at the University of the Free State (UFS). Prof Keet is a returning member of the committee alongside former University of Fort Hare chancellor Dr Mvuyo Tom.

The purpose of the Ministerial Oversight Committee on Transformation in South African Public Universities is to monitor progress on transformation in public universities‚ serve as an expert advisory body and provide independent and external advice to the minister and the department.

The committee has been given 11 tasks‚ chief of which is to study and evaluate transformation plans and charters of all universities. It is mandated to use this exercise as a basis for the development of a sectoral transformation charter. It is also tasked with reviewing the annual reports of institutions on transformation and producing an annual report on the state of transformation in the higher education sector.

Prof Keet’s appointment comes at a pivotal time when transformation at universities has been at the heart of many debates in universities, government and broader society. Prof Keet said: “It is an honour and privilege to serve the sector at this level and in this capacity.”

The university is proud to have in its ranks a leader of such calibre who has also spearheaded transformation initiatives at the UFS through the Institute for Reconciliation and Social Justice over the past six years.

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