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Where passion and compassion meet
21 April, 2017

As the oldest of seven children, the pressure was on for Malilimalo Phaswana when he decided to pursue a degree in actuarial science at UCT.

Upon his arrival, he heard about a programme that provided extra training and support. Given the difficulty of his chosen course, the decision to enter the Education Development Unit (EDU) was a no-brainer.

“When I saw all of the services they offer, I thought: ‘Wow, they actually do this for students? It’s excellent.’”
If he had known about the programme before arriving, he would have been a great deal less nervous about the jump to university.

Now, in the first year of his academic articles in the college of accounting, Phaswana is full of compliments for the EDU programme and its dedicated staff.

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R10 million to develop financial skills
20 April, 2017

The development of much-needed skills for the financial services sector in South Africa has been given a boost by a collaborative donation of R10 million over five years from Nedbank and Old Mutual to the African Institute of Financial Markets and Risk Management (AIFMRM) in the Faculty of Commerce at the University of Cape Town (UCT).

AIFMRM director, Professor David Taylor, says that the university is delighted with the endowment and notes that a significant number of the major banks and insurance companies in South Africa have now invested in the institute.

In a further show of support, the Banking Sector Education and Training Authority (BANKSETA) contributed over R5.25 million in bursary funding for AIFMRM in 2017.

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Frequency of stock market trading reduces returns
13 April, 2017

Research has shown that stock market investors who trade frequently do so at their peril because trading frequently reduces returns. Due to the transactions costs involved, buying and selling shares costs money and the more you trade, the worse your returns. Curbing trading frequency should be a priority for investors and policy makers, but clear research on who trades frequently is needed.

An international collaboration between Gizelle Willows at the University of Cape Town and Dr Daniel Richards at RMIT University investigated the characteristics of frequent trading investors. In their study of 7 200 UK retail investors, they find that male and younger investors traded frequently. Also, investors who sought investment advice and investors who used stop losses also traded frequently.

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