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08 December 2023 | Story Leonie Bolleurs | Photo Janeke Eloff
Johan and Schalk Eloff
The brothers Johan and Schalk Eloff completed the Bachelor of Management Leadership (BML) together.

The Eloff brothers, Johan and Schalk, completed the Bachelor of Management Leadership (BML) together and received their degrees at the December graduations of the University of the Free State (UFS).

Johan says very few people get the opportunity to complete the same degree with a sibling. “Not only was this a huge honour for me, but our relationship also grew stronger, as group assignments and discussions were a big part of the BML curriculum.

According to Schalk, tackling the work together helped them both. “Studying the same modules together enabled us to support each other and share ideas as we progressed,” he said, adding that undertaking the BML together with his brother motivated him to complete his studies.

Benefiting their business

The two brothers, both entrepreneurs and co-owners of Airtelecom – an internet service provider with offices in Bloemfontein and the Garden Route – said that nothing prepared them for the amount of time and effort the studies would require.

Johan mentioned that because they never had the opportunity to study after completing matric, they discussed the potential advantages that the degree could bring to their business. “Not only did we benefit from it for our own business, but it also provided a qualification that could be beneficial should we need to venture into other opportunities or return to the employment sector,” he stated. 

Schalk pointed out that he, too, believed that he could benefit from registering for the BML. “Although I was introduced to business and business principles from a young age and learned about all aspects of business from previous managers and mentors, I felt that studying for a degree and applying the theory along with my knowledge and experience would go a long way in improving the way I manage my business,” he remarked. 

Johan, who learned about growing profits and expanding the client base, motivating employees, and placing them in the correct positions to empower them to be the best at what they want and need to do, said they would like to apply as much as they can of what they have learned in their business. Schalk added that he also would like to investigate other business opportunities to expand and diversify the company.

Experiencing a key milestone together

“With all the challenges we experienced during our studies, including managing the curveballs thrown at us by the COVID-19 epidemic when we had to postpone our studies for more than a year to tend to our business, it is a surreal feeling that we accomplished this and that we are experiencing this milestone in our lives together,” said Schalk.

Johan believes that the support of their family played a key role in their success. “To show our appreciation for their patience through the hours, days, and nights of classes and assignments we had to sacrifice to finally walk across the stage, we plan on attending a Formula 1 race overseas, which will be a dream come true. With this family vacation, we intend to celebrate and reward ourselves and our loved ones,” he said. 

News Archive

Academic addresses financial planning leaders at world summit
2010-05-04

Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), addressing financial leaders at the World Financial Planning Summit.


Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), is chair to four Financial Planning Standards Board (FPSB) expert panels that guide the global Certified Financial Planning (CFP) certification programme. At the recent World Financial Planning Summit, held in Taipei in China, he challenged a group of global financial planning leaders to support the formation of a global financial planning body of knowledge with sustainable career-path development opportunities.

He said: “For financial planning to be recognised as a distinct professional practice and a global profession, the financial planning community must establish a universal body of knowledge that is supported by applicable in-depth research.

“We need to establish how professional bodies should collaborate with academia to integrate a more competency-based education and training environment that combines theory with practice. Fostering and promoting comprehensive research in financial planning topics is another key challenge that must be addressed in order to develop a tertiary knowledge framework for the financial planning profession.”

Adv. Oosthuizen, who is playing a big role in providing consistent and rigorous education and assessment tools for financial planning in 2010, said that a bachelor’s degree should be a compulsory minimum requirement for practising financial planners.

About the learning curve between the academic and work environments in the financial planning profession, Adv. Oosthuizen said: “Implementing a career-path model that supports a more structured approach to apprenticeships and supervised practice would complement a specialised financial planning body of knowledge and provide entrants to the profession with the necessary theoretical knowledge and practical experience to offer competent and ethical financial planning.”

The World Financial Planning Summit engaged global leaders of more than 17 financial planning standards-setting bodies, as well as regulators, financial planning educators and other invited guests in a dialogue about the steps needed to gain recognition for financial planning as a distinct, global profession.
 

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