The Chief Executive Officer of Rand Merchant Bank (RMB), Mr Michael Pfaff, delivered a guest lecture to the MBA students of the University of the Free State's (UFS) School of Management. Here are, from the left, front:  Prof Helena van Zyl (Director:  UFS School of Management), Mr Relebohile Liphoto (MBA student) and Mr Pfaff; back:   Mr Werner Landman (MBA student) and Mr Limpho Tau (MBA student).
Photo:  Stephen Collett.