Aug 26, 2011
Business school sees increased interest in management leadership degreeBack
© Reuse this
She believes this is, besides other factors, owing to the Financial Advisory Inter- mediary Services (FAIS) Act, of 2002, which requires financial advisers or bank tellers to have a certain level of skills that may not previously have been required.
The FAIS states that a person to be appointed as a compliance officer, other than a director, member, auditor, trustee, principal officer, public officer or com- pany secretary of a particular authorised financial services provider, must hold a legal or accountancy university degree and have at least three years’ experience in the financial services industry.
An individual must have passed any specific financial services industry or compliance-related course recognised by the registrar by notice in the Government Gazette, as well as have three years’ experience or already be appointed as a com- pliance officer by virtue of the law.
Further, an individual must be an accredited member of the Compliance Institute of South Africa, or any other organisation recognised by the registrar by notice in the Government Gazette, and have at least three years’ experience.
The UFS Business School had 72 graduates in 2009 and 77 graduates in 2010. This year, the school has 440 students registered to undertake the BML.
Professionals already in the industry and wanting to improve their qualifications, predominantly take the BML, says Van Zyl.
This qualification is based on experiential learning and the assessment and recog- nition of prior learning. The objective of the BML is to deliver a new generation of formally qualified and innovative managerial leaders equipped to excel in, and add value to, today’s corporate and business environment.
The BML programme consists of three modules, namely the business environment, management and leadership. The business environment module includes international finance, Africa in the new global order, labour law, political dynamics, cultural diversity and its influence on an economic enterprise, a basic understanding of the challenges and constraints facing government in the economy, and understanding basic macroeconomics.
Apart from a basic understanding of the role of labour in the economy, the programme also covers the impact of environmental factors on management decisions, the financial system and interest rate predictions.
The management module comprises general management (private and public sector), entrepreneurship, financial accounting, strategic marketing management, environmental dynamics in public sector management, organising and cooperative governance, small business management, public financial management, managing the quality of public service delivery and project management within the public sector.
The leadership module covers the development model of leadership, becoming an effective leader, confronting change, stress and time management, diversity within the African context, becoming a creative thinker and decision-maker, understanding the power game, conflict, motivation, perceptions and attitudes, human resource management and ethical leadership.
Van Zyl says the school aims to align its courses with current events in the marketplace and the business environment. “One of the most significant challenges for business leaders, currently, is to be decisive leaders. Further, the current business environment asks for proactive and visionary business leaders, while social responsibility is becom- ing increasingly significant and requires focused and dedicated attention, specifically in South Africa,” Van Zyl concludes.
Edited by: Chanel de Bruyn© Reuse this Comment Guidelines (150 word limit)
Other South African Business Schools News
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
This Week's Magazine
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.