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03 November 2022 | Story Anthony Mthembu | Photo Supplied
SecureTheGrad Team
In front: Tshego Dichabe (CEO of Aeon Investment Management and UFS Alumni) In the back row from left are: Ludwig Esau, Ambroyse Johnson, Sello Mojapelo, Olebogeng Tlhong, Bonolo Mahlatsi, Anesu Manase, Evodia Mohoanyane (Assistant Director at CTL), Michelle Sibanda, and Bongi Ndlangisa.

The Centre for Teaching and Learning (CTL) at the University of the Free State (UFS), in partnership with Aeon Investment Management and the Faculty of Economic and Management Sciences, hosted a guest lecture focusing on asset management trends in South Africa and globally, as well as careers for specific disciplines in the faculty. 

Students from the Centre for Accounting, the School of Financial Planning Law, and commerce fields flocked to the event, which was hosted in the Education Auditorium on the Bloemfontein Campus on 20 October 2022. 

The guest lecture formed part of a series of webinars on asset management under the #SecureTheGrad initiative. The purpose of these engagements was to give UFS students access to industry giants in the asset management profession. Guests in this lecture included Fatima Vawda, the founder of the 27four Group, as well as Muitheri Wahome, an asset management expert. 

Asset Management

“Asset managers gather savings for investment and buy public securities on the Johannesburg Stock Exchange and unlisted securities, providing investors with opportunities and exposure to assets that they would not necessarily be able to access on their own,” Wahome highlighted. Vawda indicated that asset management has its roots in life insurance companies. “Life insurance companies were selling life insurance policies and then they had all these assets on their balance sheets, and they needed asset management teams to manage those assets,” she explained. 

Asset Management Trends 

A number of the students in the audience expressed an interest in asset management as a career path, and Vawda went on to showcase several industry trends that students needed to take note of prior to considering asset management as a career path. Firstly, the skill set needed to prosper in the asset management industry has changed over the years. In fact, the ability to code and a comprehensive knowledge of Python have become essential knowledge in the industry. Vawda said, “Without the ability to be analytic and use data cleverly, there is no room in this kind of industry for you.”

Careers in Financial Services 

Wahome urged students to check out a number of other careers in financial services to set their sights on. She indicated that a career in investments can take different forms, such as mega pension funds, pricing analysts – due to the growing investments in private markets, as well as compliance professionals, as the demand for these is currently high in the industry.

Wahome further advised the students that, “as you start your careers, do not be in a rush to choose a specialisation, working with an array of people in different areas gives you enormous reach, as well as valuable perspective”.

Attending the guest lecture were from left Prof Francois Strydom (Senior Director at CTL); Frans Koning (Head of the Department of Actuarial and Mathematical Statistics Department); Prof Philippe Burger (Dean of the Faculty of Economic and Management Sciences), and Evodia Mohoanyane (Assistant Director at CTL) and Dr Engela van Staden (Vice-Rector: Academic) (Photo: Supplied)  


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MBA Programme - Question And Answer Sheet - 27 May 2004
2004-05-27

1. WHAT MUST THE UNIVERSITY OF THE FREE STATE (UFS) DO TO GET FULL ACCREDITATION FOR THE MBA PROGRAMMES?

According to the Council on Higher Education’s (CHE) evaluation, the three MBA programmes of the UFS clearly and significantly contribute to students’ knowledge and skills, are relevant for the workplace, are appropriately resourced and have an appropriate internal and external programme environment. These programmes are the MBA General, the MBA in Health Care Management and the MBA in Entrepreneurship.

What the Council on Higher Education did find, was a few technical and administrative issues that need to be addressed.

This is why the three MBA programmes of the UFS received conditional accreditation – which in itself is a major achievement for the UFS’s School of Management, which was only four years old at the time of the evaluation.

The following breakdown gives one a sense of the mostly administrative nature of the conditions that have to be met before full accreditation is granted by the CHE:

a. A formal forum of stakeholders: The UFS is required to establish a more structured, inclusive process of review of its MBA programmes. This is an administrative formality already in process.

b. A work allocation model: According to the CHE this is required to regulate the workload of the teaching staff, particularly as student numbers grow, rather than via standard management processes as currently done.

c. Contractual agreements with part-time staff: The UFS is required to enter into formal agreements with part-time and contractual staff as all agreements are currently done on an informal and claim-basis. This is an administrative formality already in process.

d. A formal curriculum committee: According to the CHE, the School of Management had realised the need for a structure – other than the current Faculty Board - where all MBA lecturers can deliberate on the MBA programmes, and serve as a channel for faculty input, consultation and decision-making.

e. A system of external moderators: This need was already identified by the UFS and the system is to be implemented as early as July 2004.

f. A compulsory research component: The UFS is required to introduce a research component which will include the development of research skills for the business environment. The UFS management identified this need and has approved such a component - it is to take effect from January 2005. This is an insufficient element lacking in virtually all MBA programmes in South Africa.

g. Support programmes for learners having problems with numeracy: The UFS identified this as a need for academic support among some learners and has already developed such a programme which will be implemented from January 2005.

The majority of these conditions have been satisfied already and few remaining steps will take effect soon. It is for this reason that the UFS is confident that its three MBA programmes will soon receive full accreditation.

2. WHAT ACCREDITATION DOES THE UFS HAVE FOR ITS MBA PROGRAMME?

The UFS’s School of Management received conditional accreditation for its three MBA programmes.

Two levels of accreditation are awarded to tertiary institutions for their MBA programmes, namely full accreditation and conditional accreditation. When a programme does not comply with the minimum requirements regarding a small number of criteria, conditional accreditation is given. This can be rectified during the short or medium term.

3. IS THERE ANYTHING WRONG WITH THE ACADEMIC CORE OF THE UFS’s MBA PROGRAMMES?

No. The UFS is proud of its three MBA programmes’ reputation in the market and the positive feedback it receives from graduandi and their employers.

The MBA programmes of the UFS meet most of the minimum requirements of the evaluation process.

In particular, the key element of ‘teaching and learning’, which relates to the curriculum and content of the MBA programmes, is beyond question. In other words, the core of what is being taught in our MBA programmes is sound.

4. IS THE UFS’s MBA A WORTHWHILE QUALIFICATION?

Yes. Earlier this year, the School of Management – young as it is - was rated by employers as the best smaller business school in South Africa. This was based on a survey conducted by the Professional Management Review and reported in the Sunday Times Business Times, of 25 January 2004.

The UFS is committed to maintaining these high standards of quality, not only through compliance with the requirements of the CHE, but also through implementing its own quality assurance measures.

Another way in which we benchmark the quality of our MBA programmes is through the partnerships we have formed with institutions such as the DePaul University in Chicago and Kansas State University, both in the US, as well as the Robert Schuman University in France.

For this reason the UFS appreciates and supports the work of the CHE and welcomes its specific findings regarding the three MBA programmes.

It is understandable that the MBA review has caused some nervousness – not least among current MBA students throughout the country.

However, one principle that the UFS management is committed to is this: preparing all our students for a world of challenge and change. Without any doubt the MBA programme of the UFS is a solid preparation.

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