Aug 26, 2011
Business school sees increased interest in management leadership degreeBack
Africa|Environment|PROJECT|Project Management|System|Africa|South Africa|Compliance Institute Of South Africa|Bank Tellers|Service|Services|Environmental|Helena Van Zyl|Power|The Government Gazette
© 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
Updated 5 hours ago China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...