Three UKZN Accounting Students in Top 12 of International Competition
A UKZN team of three third year Accounting students has finished in the Top 12 of an international business management case study competition and will now compete for a place in the semi-finals.
The students are Mr Steffen and Rudolph Wies who are twins and Mr Mahomed Osman.
This year’s competition attracted 1 278 entrants from 53 universities in 25 countries throughout the world.
The competition is organised by the CharterQuest Institute and CharterCapital Advisory TeamSA - a committee of CIMA & ACCA students at the Institute with global case study competition experience - and South Africa’s Barclays-sponsored CIMA2015 Global Business Challenge Champions (GBC).
In its efforts to inspire the next generation of Chief Financial Officers and Global Business Leaders, the competition challenges competitors to showcase their business acumen and leadership and presentation skills by solving a set of real life complex finance, managerial and strategic problems affecting a hypothetical African company.
Steffen is the team leader, Osman is the co-ordinator identifying the strengths of each team member and Rudolph is the evaluator keeping the team rooted and focused.
‘We entered the competition to challenge ourselves in a practical manner,’ said Steffen. ‘We wanted to broaden our horizons by using the knowledge gained at UKZN to tackle issues experienced by a large company.
‘We feel very honoured that our report was selected as one of the top 12. We believe that we have been given a fantastic opportunity to be able to move forward in the competition as we are now competing against top business students from around the world.’
The group’s report that won them a spot in the top 12 analysed the scenario of a fictional company whose issues are based on those experienced by MTN and other telecommunication organisations and advised the company’s directors using a variety of management, finance and accounting models.
For a position in the semi-finals, the team is required to deliver a 15 minute video presentation reporting on their recommendations to a judging panel. With the mentorship of Financial Lecturer, Ms Salma Vanker, the team is confident of doing well.
‘Winning the competition would be a fantastic achievement for us and show we have the ability to compete internationally,’ said Steffen. ‘We are also looking forward to our future career prospects as we all having training contracts with large firms.’
School of Accounting, Economics and Finance’s Acting Dean, Dr Mabutho Sibanda wished the trio all the best in the competition.
To view the team’s profile visit: http://charterquest.co.za/page/team-ukzn