College of Business and Economics | Annual Report 2020 74 • Funding a Learner Wrap around support programme to improve throughput and assist students on DIFSO with additional lectures, tutorials and materials to the value of R950 848. • Funding a financial literacy project where the Department will be conducting workshops for the Cooperative Financial Institutions (CFI) members to the value of R935 000. The project would entail the training of Master Money Mentors. The attendees will acquire the financial literacy skills to manage their own finances and will gain mentorship skills on effective money management; thus, equipping them to pay it forward in their communities by becoming money management mentors. • Funding bursaries worth R7,8 million to the benefit UJ students studying towards scarce and critical occupations in the insurance industry. new Programmes, aCCrediTaTion, deParTmenT guidelines • The Department launched the new Advanced Diploma in Real Estate in January 2020 using gamification to drive engagement. This interactive and first-of-its-kind programme was fully implemented in 2020, and it involves the use of an interactive online and app-based platform aligned with the drive for 4IR innovations and third-stream revenue. The programme is interactive, engaging, and immersive, use gamification and 3D renderings and simulations to bring students into direct contact with the course’s content. • The BCom Honours (Financial Planning) was audited in 2020 and re-recognised and approved by the Financial Planning Institute (FPI) for another three years as ana FPI approved qualification as the education requirement for CFP® certification. • As a CFA accredited partner, the Department was awarded 10 CFA scholarships for ten students in the Department to do a CFA exam. • The Department updated all documents as guidelines/responsibilities for students and staff with the introduction of online teaching and learning. sTudenT suCCess Herewith our student successes, highlighting the quality of each of the programmes: • Financial Planning honours graduates – student success in the Professional Competency Exam (PCE), a stringent exam by the Financial Planning Institute of South Africa (FPI). The pass rate of UJ candidates exceeded the national average by 10%, with a UJ student among the Top 5. • Investment Management honours students – the UJ CFA team qualified for the CFA Challenge finals. The CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis and professional ethics. • Advanced Diploma in Financial Markets (fully online) – the first two students graduated from the programme; they remarkably completed their online Advanced Diploma in Financial Markets in less than two years which include the completion of 11 academic modules. • Advanced Diploma in Real Estate (fully online) – in the first year of offering, 96 students registered for this programme and 64 of these students have successfully completed it.
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