UCT hosts MBA summit
It seeks to empower exceptional students to act as change agents for a better future for all
MORE than 100 MBA students from the world’s best business schools are in Cape Town this week to attend the fifth MBA World Summit.
The event, which is hosted by the UCT Graduate School of Business (GSB), seeks to empower exceptional students to act as global change agents and contribute their collective experience toward changing the world for the better.
With the focus on creating meaningful impact, the summit aims to leave a lasting legacy for local communities.
Participants will be paired with 30 local entrepreneurs to corroboratively explore short, medium and long-term practical solutions to business obstacles and challenges, particularly in a township environment.
The summit which is being held on African soil for the first time, will be held from today until Friday.
Participants will split their time between the school’s campus at the V&A Waterfront and its satellite site – embedded in the community of Philippi.
Dr Kutlwano Ramaboa, director of international relations at the GSB, said the school was well placed to host a summit that combined global thinking with local relevance.
“As one of only three business schools in Africa to have triple crown accreditation from the global accreditation bodies AACSB, AMBA and EQUIS, the GSB’s international credentials are well established,” she said.
“The GSB is drawing on its five decades of experience in pioneering business education in Africa and our strong focus on creating sustainable impact for business and society makes the school a perfect fit for the summit.”
Raymond Ledwaba, a GSB alumnus, is the organiser of this year’s summit. He said an event of this nature contributed to the GSB’s status as a global player.
“It demonstrates that we can host prestigious international events and bring thought leaders from across the world to South Africa,” he said.
“It’s important to note that this is also an African event, with African and SA students participating and contributing to a valuable global network.”
Ledwaba said that as Africa had four of the fastest growing economies in the world, the summit was a platform to explore the endless opportunities that abound on the continent.
“It is an opportunity for participants to collaborate with other institutions and tackle key social challenges faced in Africa and other emerging markets around the world,” he said.
This year’s summit is made up of participants from 39 business schools, including five students from the GSB and two from University of Pretoria’s Gordon Institute of Business Science. Each year 100 students are selected from more than 2000 applicants who undergo a rigorous selection process.
Yannick Reiss, co-founder of the summit, believed that the essence of the summit rested on the diversity of its participants. This diversity created a space for collaboration, global networking and peer-learning, he said.
GLOBAL CHANGE AGENTS: Top international students are to attend the MBA World Summit at the UCT Graduate School of Business.