Global business challenge attracts record number of entries


Entries for this year?s CIMA Global Business Challenge closed with a total of 62 teams from 19 campuses. The University of Johannesburg is fielding the largest number of entries with 21 teams. The University of Cape Town is fielding seven teams while the University of the Free State comes in third with six teams.

The competition, run by the Chartered Institute of Management Accountants, in partnership with Barclays and Absa Capital, is designed to identify the business leaders of tomorrow. Participants gain valuable skills for the future and an opportunity to gain global exposure through this international business competition.

Says Samantha Louis, CIMA Africa regional director: "Entries this year show a 41% growth on last year. This demonstrates that the Global Business Challenge is growing in stature and that awareness of the competition is growing year on year on campuses around the country.

"Last year?s winners attended the global final in China, this year the winners will jet off to Sri Lanka for the global finals in July, to compete against winning teams from 21 other countries.'

The next phase of the competition sees the teams of four competing by analysing a case study based on CIMA?s test of professional competence and submitting a 3000 word report. Reports must be submitted by 20 April 2012. Once reports are submitted and assessed, four teams are shortlisted and invited to attend the South Africa final. The shortlist is due to be announced on 26 April, while the finals take place in Johannesburg on 17 May 2012.

Other teams taking part will come from Australia, Bangladesh, Mainland China, Ghana, Hong Kong, India, Indonesia, Ireland, Malaysia, the Middle East, Nepal, New Zealand, Pakistan, the Philippines, Poland, Russia, Singapore, Sri Lanka, the UK, Vietnam and Zambia.