By: Mohammed Masudur Rahman ‘19
Every year, select IPED students from Fordham University participate in an exchange program with University of Pretoria, South Africa. The Advanced Certificate in Emerging Markets & Country Risk Analysis includes three courses on Finance, Political Risk Analysis, and Emerging Markets. As a part of this endeavor, a group of five students from IPED and Economics department went to South Africa in August of 2018 to participate in the Emerging Markets: South Africa course module.
The students were hosted in University of Pretoria campus in Pretoria where they took part in rigorous coursework, gave presentations, and made visits to various important financial and industry institutions, including the Johannesburg Stock Exchange and Public Investment Corporation (PIC). Students were also immersed in local culture through excursions to local communities, heritage sites and tourist attractions.
The students learned about various emerging markets including a focus on South Africa. The Emerging Markets course equipped them with knowledge of current market dynamics, ability to collect, analyze and read micro indicator data and use them to assess market potential of emerging economies. The course ended with the students writing investment reports on various emerging markets.
The Emerging Markets cohort was joined by students from South Africa in their visits to various top level institutes. The visits included some of South Africa’s top institutions: Industrial Development Corporation, Public Investment Corporation, South Africa Reserve Bank, Standard Bank, BRICS, Johannesburg Stock Exchange, US Chamber of Commerce, National Economic Development and Labor Council, and the National Union of Metalworkers in South Africa.
The trip was also full of excursions where the students got to visit iconic tourist and heritage sites around Cape Town, Pretoria, Johannesburg and Soweto. Some of the most memorable visits included Robben Island, Table Mountain, the Cape of Good Hope, the home of Winnie Mandela on Vilakazi Street in Soweto, the Apartheid Museum, and the Cradle of Humankind. The final week of the trip was spent exploring game reserves and safari in Krueger National Park.