Financial maths duo’s big win
25 July, 2018
Master’s in financial maths students Cole van Jaarsveld and Bandile Mbele helped their international team clinch a coveted trophy by solving an investment problem for a Zurich private markets firm at the annual Financial Mathematics Team Challenge (FMTC).
In its fifth year, the challenge was held in Cape Town recently. It required a combination of the talents of students and practitioners to find solutions to some of the finance industry’s most pressing problems.
Teams included master’s and PhD students from University College London, Oxford University and ETH Zurich. Each team had seven days to come up with solutions and two days of presentations before the winner was chosen.
The UCT duo’s team worked on a solution for optimal investment timing in illiquid private markets, a problem posed by Zurich firm StepStone.
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Nelson Mandela School of Public Governance launched
06 July, 2018
The University of Cape Town’s (UCT) new Vice-Chancellor, Professor Mamokgethi Phakeng, has launched the Nelson Mandela School of Public Governance, describing it as a flagship of UCT that encourages Mandela’s values of ethical and selfless leadership.“The impact this school will make will be long-lasting and epitomises the values which Mandela stood for,” Phakeng said.
The Vice-Chancellor, who began her term of office only a few days ago, said it was also in line with her vision for the university.“The Mandela School epitomises my vision of strengthening our excellence as a university, driving transformation and ensuring a sustainable future for UCT. Through it, UCT is becoming a more African university through its contribution to excellence in leadership and excellence in Africa.”
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The real state of the nation: study the data
10 March, 2018
To honour Nelson Mandela’s legacy of a better life for all, President Cyril Ramaphosa will need to look at hard data on the state of the nation, Samantha Richmond wrote in Business Day recently. Richmond is senior operations manager at the National Income Dynamics Study (NIDS), implemented by UCT’s Southern Africa Labour and Development Research Unit (SALDRU).
All eyes are on President Cyril Ramaphosa to see if he can deliver on the promises made in his inaugural State of the Nation Address (SONA) last month. After months of political uncertainty, the ship – as Trevor Manual put it after the address – finally appears to have a captain at its helm. For the first time in 10 years, there is hope that South Africa may now be able to go somewhere.
Since Ramaphosa’s narrow victory at the ANC's elective conference at Nasrec in December, the new leadership of the ruling party has hinted at adopting new policies that are noticeably more radical. The SONA took this further, outlining several bold new approaches and affirming the government’s commitment to “radical economic transformation”.
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