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12 June 2024
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Story Lunga Luthuli
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Richard Molefe, a final-year BCom Investment Management and Banking
student at the University of the Free State (UFS), was recently elected uncontested as the National Chairperson of the Black Management Forum (BMF) National Student Chapter. The BMF aims to empower managerial leadership among black individuals in South Africa. Molefe's election signifies a step towards inclusive leadership structures that reflect wider societal values.
In an exclusive interview, Molefe shares his vision for youth empowerment and his plans for the Student Chapter's endeavours.
“The Black Management Forum’s programmes of development and advancement of managerial leadership and socio-economic transformation have exposed me to leadership opportunities that enhance my potential and aspirations. The opportunity is an indication that I have done something right, but I must constantly remind myself that I have not arrived,” said Molefe.
In his one-year term of office, Molefe wants to ensure that national structures of the Student Chapter exist and are functional, key pillars – promoting leadership, managerial leadership development skills, and entrepreneurial skills development in higher education institutions.
Academic addresses financial planning leaders at world summit
2010-05-04
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| 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.