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26 May 2022 | Story Dr Nitha Ramnath | Photo istock

The Faculty of Economic and Management Sciences at the University of the Free State is pleased to announce its affiliation with the prestigious American-based Chartered Financial Analyst (CFA) Institute of Investment and Financial Professionals. The affiliation of the Bachelor of Commerce in Investment Management and Banking with the CFA programme demonstrates that the programme embeds a significant portion of the intensive CFA programme’s candidate body of knowledge (CBK) and standards of professional conduct. This reflects the rigour and value of our degree programme in the field of investment and portfolio management.  

“The affiliation signals to potential students, employers, and the marketplace that the UFS BCom Investment Management and Banking curriculum is closely tied to professional practice and is well-suited to prepare students for a brighter carrier in the investment field and better placed to sit for the CFA examinations,” says Dr Nico Keyser, the Head of the Department of Economics and Finance in the Faculty of Economic and Management Sciences at the UFS.
Through participation in this programme, the university is eligible to receive CFA programme student scholarships each year, thereby massively contributing to the much-needed skill set of well-grounded financial analysts who can take our financial sector to new heights.

According to Dr Keyser, aligning the UFS degree programme with the CFA curriculum will equip students with the expertise and real-world skills in investment analysis that will set them apart from other institutions and peers. “We encourage our students to pursue professional certification that distinguishes them in the market and enhances their job execution skills, innovation, and employability,” says Dr Keyser. 

The CFA programme is an international postgraduate, globally recognised professional designation offered by the American-based CFA Institute to investment and financial professionals. To become a CFA charter holder, candidates are required to pass three exam levels covering the fundamentals of investments tools, valuing assets, portfolio management and wealth planning, and acceptable work experience to obtain the Chartered Financial Analyst (CFA®) designation.   

The CFA Institute is the world's largest association of investment professionals. Members attain the prestigious designation of 'Chartered Financial Analyst', and many hold prominent roles in leading investment firms in financial centres worldwide. 

“Aligning our programme with the CFA code of ethics and standard of professional conduct sets us apart in terms of preparing graduates who are ethically grounded and ready to execute their duties in an ethical and professional manner, which is a major necessity in the financial analysis and investment field. The affiliation is part of our continued commitment to promoting the highest standards of ethics and professional excellence in our investment graduates, which is one of the tenets of the CFA curriculum in grounding investment professionals for better functioning capital markets,” adds Keyser.  


News Archive

UFS staff get salary adjustment of 8,5%
2010-11-03

The University of the Free State’s (UFS) management and trade unions have agreed on a general salary adjustment of 8,5% for 2011. The negotiating parties agreed that adjustments could vary proportionally from a minimum of 7,5% to a maximum of 9,5%, depending on the government subsidy and the model forecasts.

 The service benefits of staff will be adjusted to 10,66% for 2011. This is according to the estimated government subsidy that will be received in 2011.

 The agreement was signed on Friday, 29 October 2010 by representatives of the UFS Management and the trade unions UVPERSU and NEHAWU.

An additional once-off, non-pensionable bonus of R3 000 will also be paid to staff with their December 2010 salary payment. The bonus will be paid to all staff members who were in the employment of the university on UFS conditions of service on 31 December 2010 and who assumed duties before 1 October 2010. The bonus is payable in recognition of the role played by staff during the year to promote the UFS as a university of excellence and as confirmation of the role and effectiveness of the remuneration model.

 It is the intention to pass the maximum benefit possible on to staff without exceeding the limits of financial sustainability of the institution. For this reason, the negotiating parties reaffirmed their commitment to the Multiple-year, Income-related Remuneration Improvement Model used as a framework for negotiations. The model and its applications are unique and have as a point of departure that the UFS must be and remains financially sustainable.

Agreement was reached that 2% will be allocated for growth in capacity building to ensure that provision is made for the growth of the UFS over the last few years. A further 0,16% will be allocated to structural adjustments.

 The implementation date for the salary adjustment is 1 January 2011. The adjustment will be calculated on the total remuneration package.

Prof. Johan Grobbelaar, Chairperson of the UVPERSU and NEHAWU mutual forum, is very pleased with the outcome and good spirit in which the negotiations, “that were concluded in a couple of hours”, took place. The 8,5% increase for 2011 means that for the past ten years the UFS staff has received a 38% increase above inflation in effect. 

 “Not only is this a major achievement in that the staff is much better off, but the salaries compare well with similar institutions in the country,” says Prof. Grobbelaar.

  It is also with nostalgia that the negotiations took place this year, because Prof. Grobbelaar and Prof. Niel Viljoen, Vice-Rector: Operations, both retire in 2011.  Prof. Viljoen was the chairperson of the UFS Council’s negotiation team for the past ten years.

  Media Release
 
Issued by: Lacea Loader
Director: Strategic Communication (actg)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za
  3 November 2010
 

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