By: Moses Cam
Last August, 8 IPEDers went on a trip of a lifetime to South Africa to participate in the Emerging Markets: South Africa program alongside South African students and professionals. The study tour program runs through the partnership of Fordham University and the University of Pretoria. It aims to deepen students’ knowledge of emerging markets while studying within the South African emerging market, with the academic coursework and research culminating into the creation of an Equity Investment Prospect Report. The course is required for the advanced certificate in Emerging Markets and Country Risk Analysis.
For three weeks, students had the opportunity to learn about emerging markets in the classroom while also see the theories in practice through various site visits that exposed them to the different sectors in the South African economy, with a focus on the banking and finance industry. Informational trips included visits to the Public Investment Corporation, South African Reserve Bank, the Johannesburg Stock Exchange, the National Economic Development and Labour Council (NEDLAC), Standard Bank, the American Chamber of Commerce, the Brazilian Embassy, and other venues.
Aside from the academic load, participants of the course were also sent on cultural excursions to expose them on the rich history and traditions of the Rainbow Nation.
While students spent most of their time in Pretoria and Johannesburg, IPEDers had the opportunity to
check out Cape Town and experience everything that the coastal city and wine capital of South Africa
had to offer: an immersive experience in Robben Island, a memorable hike up the majestic Table
Mountain and gorgeous views courtesy of the Cape of Good Hope.
The South African experience was capped off with a trip to Kruger National Park where students went on a safari to see the famous Big 5 of the South African grasslands.
The Emerging Markets: South Africa Study tour is an incredible opportunity for students to study an
emerging market economy while immersed in that emerging market economy. Scholarships are
available through Fordham’s St. Campion Institute.
In August, 12 IPED students participated in the Emerging Markets: South Africa study tour alongside two dozen South African students and professionals. The course is part of Fordham’s Emerging Markets and Country Risk Analysis certificate, also includes a course on political risk and strategic financial management.
Students spent every morning at the beautiful main campus of University of Pretoria.
Leonard, an alumnus of the Emerging Markets & Country Risk certificate program, helped welcome the new students to South Africa at the first of many braais.
Outside of the classroom, students deepened their knowledge of South Africa through various site visits. Over the course of three weeks, students had the opportunity to meet and interact with representatives from many of the major players in the South African economy, including the Public Investment Corporation, the National Economic Development and Labour Council (NEDLAC), the South African Reserve Bank, the South Africa’s National Treasury, Standard Bank, the National Union of Metalworkers of South Africa (NUMSA), De Beers, the American Chamber of Commerce, and the Johannesburg Stock Exchange, among others.
The South African Reserve Bank
Students learned about the positions of South Africa’s labor unions at NUMSA.
The Johannesburg Stock Exchange.
Although the majority of the course is spent in Pretoria and Johannesburg, students also had the opportunity to visit Cape Town, on South Africa’s southwest coast.
Students hiked right into Table Mountain’s famous “Tablecloth” on a hike up Platteklip Gorge.
IPED on Chapman’s Peak Drive with a view of the South Atlantic.
Fantastic dinner and entertainment at Marco’s in the Bo-Kapp neighborhood of Cape Town.
Robben Island–where Nelson Mandela was imprisoned for 18 of his 27 years behind bars–is a UNESCO World Heritage Site.
At the end of their time in South Africa, IPED students took at trip to the world famous Kruger National Park for a few days on safari.
The Emerging Markets: South Africa Study tour is an incredible opportunity for students to study an emerging market economy while immersed in that emerging market economy. Scholarships are generously offered through Fordham’s St. Campion Institute.
During the spring of 2016, Tyler Falish (IPED 2017) is serving as an intern at the Council on Foreign Relations (CFR). CFR is an independent, non-partisan membership organization, think tank, and publisher.
Currently, Tyler supports the work of Ambassador John Campbell–the Ralph Bunche Senior Fellow for Africa Policy Studies–and Allen Grane, a research associate. The CFR Africa Studies program covers sub-Saharan Africa generally, but has a specific focus on Nigeria and South Africa. As an intern, he edits and cross-references the facts on posts that get published on the “Africa in Transition” blog, and conducts background research on articles and book chapters that Ambassador Campbell is writing. In addition, he monitors major political and economic events in sub-Saharan Africa and updates CFR Africa’s Twitter account.
In his spare time at CFR, Tyler researches and writes on African issues of personal interest. He recently published a blog post about the African Union and the limits to its power and efficacy in the context of the current instability in Burundi related to President Pierre Nkurunziza’s third term.
Tyler shares that working at CFR is a great experience, as CFR has a specific professional development program for their interns and provides them with opportunities to attend events hosted at CFR headquarters in New York City. “So far, I’ve attended a talk by Stanley Fischer, and most recently, Nobel Laureate Angus Deaton,” he adds.
Tyler learned of this internship opportunity with CFR from Samantha Andrews (IPED 2016) during the fall 2015 semester and applied as soon as the position was posted on the CFR website, as they hire on a rolling basis. He notes that there are a number of think tank internships at CFR each semester in New York and a few more in their DC office. He recommends that, in applying to think tanks generally, one must have and show a genuine interest in the subject matter, and emphasize one’s editorial and research skills, as those are the primary tools required in such positions.
This summer was the 7th annual IPED Emerging Markets Class in South Africa. 13 IPEDers and 2 Fordham undergraduates had the opportunity to study alongside students at the University of Pretoria in South Africa’s capital city of Pretoria. Dr. Schwalbenberg and Dr. Themeli co-taught the classes which dealt with investing in emerging market economies. Students were required to develop a final paper which examined the investment prospects in a particular emerging market economy, as well as offer a short presentation outlining their thesis. Classroom learning was supplemented by visits with the South African Reserve Bank, NedBank, the American Chamber of Commerce, and other institutions. Participants also engaged in cultural experiences such as trips to Soweto, the Apartheid Museum, a long weekend in Capetown, and even a few days on Safari!
Mandela welcomes students to Pretoria!
Sampling the local cuisine…biltong! Nathan enjoyed it, Sam seems undecided.
Looks like Alex joined the ladies night out…
IPED in the skies. A trip up Table Mountain in Capetown.
The South(west) most point in Africa!
We made it!
A trip to Robben Island and tour from one of the political prisoners
Just a couple dads on a Boyscout camping trip.
A visit to the South African Reserve Bank.
Overall our students learned a lot and thoroughly enjoyed their time in South Africa!
Filed under Academic, Trips