Africa's top ranking MBAs
The Master of Business Administration (MBA) is arguably the world’s most widely recognized and valued postgraduate degree, and Africa is no different. In fact, South Africa was home to the first MBA outside of the US, equipping Africans with the skills and knowledge necessary to compete with their international counterparts.
Since then, South Africa has well and truly put its stamp on the MBA global arena, having been featured in numerous reputable international ranking systems – systems that play an undoubtedly significant role in an MBA’s status.
So read on as we get “inside the business of business schools” and review which of Africa’s MBAs are recognizing the need to adapt to a rapidly evolving global business environment in our highest ranking three…
University of Cape Town, Graduate School of Business (GSB)
Rated as the Best Business School in Africa by its global peers at the Eduniversal World Convention in 2009, the GSB is a school most definitely moving with the times, despite being part of the oldest university in South Africa.
As the only African business school to appear on the prestigious Financial Times Global MBA Rankings 2010, coming in at 89th place, the GSB has established itself as a business school modeled on the emergent economy; making it one of the first business schools in the world to “shift into high gear around emergent economy business issues”.
With full EQUIS accreditation, the GSB was also ranked as one of the premier South African business schools in the South African Financial Mail’s annual survey of business schools, and is one of only two South African business schools to attain Superbrand status since 2005.
“There is no doubt in my mind that the GSB MBA program gives our students an excellent return on their investment and the FT rating confirms this. International recognition at this level does not happen by chance,” says Professor Frank Horwitz, Director of the GSB.
University of Stellenbosch Business School (USB)
Consistently appearing top among numerous business school rankings, the USB has a clear understanding of the global business environment and ensures that the curriculum its students are taught “is at the front end of the business world”, according to Professor Arnold van Zyl, Vice-rector: Research at Stellenbosch University. In fact, the USB is one of only two African business schools with an A-rating for “universal business schools with major international influence” in the French Eduniversal Official Selection.
Further confirming this status, Professor Russel Botman, Rector and Vice-Chancellor, says: “The School has succeeded in establishing itself as one of the top three MBA providers in South Africa, while it has also earned recognition in the international business school fraternity, interacting with 70 schools across six continents. The School enjoys the status of EQUIS and AMBA international accreditations – the only business school of an African university with two international accreditations. Nationally, the USB’s MBA is accredited by the South African Council on Higher Education, and in Africa by the Association of African Business Schools (AABS).”
Not only is USB internationally renowned, but in being ranked 39th place on the US-based Aspen Institute’s Beyond Grey Pinstripes Top Global 100 Schools, it has proved that it promotes social and environmental sustainability in its curricula and research. Furthermore, the school offers a personalized leadership development module as part of its MBA, as well as a compulsory international study tour.
University of Witwatersrand, Wits Business School (Wits)
Acknowledged as one of the foremost business schools on the continent, Wits was ranked 53rd in the Financial Times survey for Executive Education Courses in 2006, while its MBA was voted the best in South Africa for six consecutive years in the Financial Mail.
It was also ranked by the Professional Management Review as the leading business school in Africa for a number of years and rated as the top Business School for four consecutive years in the Sunday Times Top Brands Survey.
It is one of seventeen South African business schools to have its MBA officially accredited by the Council on Higher Education (CHE) and one of the two schools in South Africa with its MBA internationally accredited by the Association of MBAs. It is also one of the few Schools in Africa invited to become a member of US-based Graduate Management Admissions Council Programmes (GMAC).
Wits too is adapting to the economic climate with upgrades to its MBA program launched this year. Based on extensive investigation into international trends in business education and market requirements, including workshops with employers of MBA graduates, alumni and current students, the Advisory Board and industry experts, Wits has updated and streamlined its MBA, adding courses such as International Business and Ethics.
G7 Summit guide: What it is and what leaders hope to achieve
Unless you’ve had your head buried in the sand, you’ll have seen the term ‘G7’ plastered all over the Internet this week. We’re going to give you the skinny on exactly what the G7 is and what its purpose on this planet is ─ and whether it’s a good or a bad collaboration.
Who are the G7?
The Group of Seven, or ‘G7’, may sound like a collective of pirate lords from a certain Disney smash-hit, but in reality, it’s a group of the world’s seven largest “advanced” economies ─ the powerhouses of the world, if you like.
The merry band comprises:
- The United Kingdom
- The United States
Historically, Russia was a member of the then-called ‘G8’ but found itself excluded after their ever-so-slightly illegal takeover of Crimea back in 2014.
Since 1977, the European Union has also been involved in some capacity with the G7 Summit. The Union is not recognised as an official member, but gradually, as with all Europe-linked affairs, the Union has integrated itself into the conversation and is now included in all political discussions on the annual summit agenda.
When was the ‘G’ formed?
Back in 1975, when the world was reeling from its very first oil shock and the subsequent financial fallout that came with it, the heads of state and government from six of the leading industrial countries had a face-to-face meeting at the Chateau de Rambouillet to discuss the global economy, its trajectory, and what they could do to address the economic turmoil that reared its ugly head throughout the 70s.
Why does the G7 exist?
At this very first summit ─ the ‘G6’ summit ─, the leaders adopted a 15-point communiqué, the Declaration of Rambouillet, and agreed to continuously meet once a year moving forward to address the problems of the day, with a rotating Presidency. One year later, Canada was welcomed into the fold, and the ‘G6’ became seven and has remained so ever since ─ Russia’s inclusion and exclusion not counted.
The group, as previously mentioned, was born in the looming shadow of a financial crisis, but its purpose is more significant than just economics. When leaders from the group meet, they discuss and exchange ideas on a broad range of issues, including injustice around the world, geopolitical matters, security, and sustainability.
It’s worth noting that, while the G7 may be made up of mighty nations, the bloc is an informal one. So, although it is considered an important annual event, declarations made during the summit are not legally binding. That said, they are still very influential and worth taking note of because it indicates the ambitions and outlines the initiatives of these particularly prominent leading nations.
Where is the 2021 G7 summit?
This year, the summit will be held in the United Kingdom deep in the southwest of England, with Prime Minister Boris Johnson hosting his contemporaries in the quaint Cornish resort of Carbis Bay near St Ives in Cornwall.
What will be discussed this year?
After almost two years of remote communication, this will be the first in-person G7 summit since the novel Coronavirus first took hold of the globe, and Britain wants “leaders to seize the opportunity to build back better from coronavirus, uniting to make the future fairer, greener, and more prosperous.”
The three-day summit, running from Friday to Sunday, will see the seven leaders discussing a whole host of shared challenges, ranging from the pandemic and vaccine development and distribution to the ongoing global fight against climate change through the implementation of sustainable norms and values.
According to the UK government, the attendees will also be taking a look at “ensuring that people everywhere can benefit from open trade, technological change, and scientific discovery.”