The genesis of the training programme is traced back to 2004. The ethos behind its inception was to lower the barriers of entry as relates to previously disadvantaged individuals, with a specific focus on black females. Vunani’s aim initially was to mentor the candidates to become equity analysts. This was easier said than done, but 2004 was eventful and laid the foundation for what was to become a brilliant partnership with gifted young people who would be empowered to become leaders in the financial services industry.
Tell me and I forget, teach me and I may remember, involve me and I learn.
– Benjamin Franklin
Only the foolish would think that wisdom is something to keep locked in a drawer. Only the fearful would feel empowerment is something best kept to oneself, or the few, and not shared with all.
– Rasheed Ogunlaru
The success of the group’s capacity building for the South African financial industry is not so much a Vunani achievement, as a victory for the country as a whole. We decided to address the severe shortage of qualified equity analysts in the local financial services sector and to promote our graduates’ ability to shine on the local and world stage.
– Ethan Dube
In 2006, Coronation introduced a ground-breaking approach to transform the South African stockbroking industry with the launch of the Coronation Business Support Programme, an intervention to grow niche black stockbrokers – of which Vunani Securities was one. Having established a successful brand and business, – and understanding the challenges associated with growing an entrepreneurial venture – the aim was the development of long-term sustainable businesses, not only through financial backing but also through ensuring the development of appropriate skills to enable black graduates to actively participate and contribute to the industry.
Having identified the synergies with the aspirations of both parties; the Vunani Coronation Training Academy was born of a dynamic partnership between Coronation and Vunani Securities in 2007.
Our alumni have become local sell-side analysts, buy-side analysts, portfolio managers, company and group economists, corporate finance specialists and management consultants. Almost all are still involved in analysing companies and industries. One has become an internationally renowned Executive Coach.
It has been our privilege to watch successive intakes, gain a solid foundation in the hard and soft skills which make successful equity analysts. The thirty graduates from this programme are often from finance backgrounds, but we have also had successes with economists, a CA, a radiographer and two quantitative specialists. Many participants left very solid careers in large organisations to join us, while a number have come directly from university. Four have since completed their CFA®, two have graduated with MBAs, two with a Masters in Finance and one is a CFP®.
Alumni have ended up as local sell-side analysts, buy-side analysts, portfolio managers, group and company economists, corporate finance specialists, management consultants and in one case, CEO of a financial services organisation. One is a globally recognised executive coach and another a senior manager of an information company in Europe. Most are still involved in analysing companies and industries. Several have achieved high ratings in local and global analyst surveys and in certain cases; rated number 1.
70% of our graduates are black female professionals. We are proud to affirm that our graduates have used this platform to catapult themselves into senior positions in industry.
The programme is based at the Vunani Securities offices in Sandton and are mentored and trained for a year, from February to January the next year.
For more information on our programme, kindly send an email to Arnold@vunanisecurities.co.za
Vunani Securities is a proud level 2 Broad-based Black Economic Empowerment contributor. Vunani Securities (Pty) Ltd (“Vunani Securities”) is a wholly owned subsidiary of Vunani Limited, a company listed on the Johannesburg Stock Exchange (“JSE”).
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