According to a statement from Nicky Shabolyo at the Zambia High Commission in South Africa, the competition format is such that the participants are given business case studies in which they are required to analyse scenarios and challenges of a particular organisation whose findings and recommendations they presented to a board of directors.
The competition started off with 320 teams representing 1,278 aspirants, 53 universities in 25 countries across five continents.
BELOW IS THE FULL STATEMENT
FOUR ZAMBIANS SCOOP GLOBAL FINANCE AWARD IN S.AFRICA
PRETORIA – SATURDAY, 15TH OCTOBER, 2016 – FOUR Zambians have won the globally acclaimed 2016 CFO Case Study Competition organised by Africa’s world class business firm, Charter Quest. The award was presented to the winners at the Finance Indaba Africa 2016 Expo in Johannesburg, South Africa last night.
The Zambian team, Athena, was presented with a 100, 000 rand cheque and a trophy at a colourful ceremony held at the Sandton International Convention Centre last night. Athena comprises David Mwanza, Chanshi Mwandama, Elinah Nyala and Chileleko Hanjawa who are financial experts studying Accounting at the Copperbelt University.
The four beat Australia and Ghana after making it to the last three in a competition that started off with 320 teams representing 1,278 aspirants, 53 universities in 25 countries across five continents.
The Zambian team entered the final stages after the Project Board of The CFO (Chief Financial Officer) Case Study Competition on 1st July, 2016 announced the top 6 teams who were to be invited on an all-expenses paid trip to Johannesburg for the global semi-finals and grand finale at the Finance Indaba Africa 2016 Expo which eventually took place last night.
The other five teams were Allez Consulting from Australia, Team Dolphins from Indonesia, Team Snipers from Ghana, Team UKZN from South Africa and Team UP 116 from South Africa.
The competition format is that the participants are given business case studies in which they are required to analyse scenarios and challenges of a particular organisation. They then present their findings and recommendations to a board of directors.
Participants were in the initial stages of the competition required to compile and submit reports from their respective countries. Eliminations were conducted at various stages of assignments and report presentation until the last six were picked and invited to the grand finale in Johannesburg.
The last three, Athena from Zambia, Allez Consulting from Australia and Team Snipers from Ghana, had to
compete in an extended case study which had more scenarios.
The excited Zambian team said they drew their motivation from Indira Ghandi whom they quoted as having said: “’Be the change you wish to see in the world’. We want to see Zambia and the African continent at large wake up from its slumber and unlock its untapped potential to become self-sufficient, we are burning with determination to be part of this change.”
The winners were picked by a team of accomplished financial advisors from various renowned South African blue chip companies which included CFOs from Telkom, Phillips, Johannesburg Stock Exchange and Telesure.
First Secretary in charge of education, Mrs. Emmerentiana Bweupe and First Secretary in charge of Tourism, Mrs. Patricia Muyamwa attended the global semi-finals and grand finale at the Finance Indaba Africa 2016 Expo.
Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers, technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. 5,000 visitors tap into a wealth of resources, knowhow and inspiration and gain unparalleled insights.
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