MPhil Development Finance​

Specialise in development finance to help unlock Africa’s growth potential

  • Course
  • FEES & TIMETABLES
  • Structure & Content
  • Learning Philosophy
  • Admission Requirements
  • Apply
Course Overview
Modular
Course starts March 2023
Fees R 194 419 (2022)
Blended
Course starts February 2023
Fees R 194 419 (2022)
Applications Open – enrol now

If you want to make it your life’s work to help unlock Africa’s growth potential, the MPhil Development Finance will equip you with critical skills to become a specialist in this area. You will gain an understanding – on Master’s level – of the complexities of the different development finance resources available to poor countries, especially in Africa. You will acquire the skills to help formulate and implement policies to make this happen. You will also be exposed to skills that are crucial for Africa’s future – such as economic development, project finance, and responsible leadership.

A transformative learning pathway awaits you – in particular if you see your future self in senior positions in the financial services industry and in policy-making and regulatory institutions.

  • Duration: 2 years (class programme and research assignment)
  • Choose between 2 formats – both allowing you to study while you work: Blended Learning (combination of online and on campus classes) and Modular (blocks of on-campus classes spread over time). Find more information about Blended Learning’s combination of technology with a strong human touch here.
  • Modular programme: Attend 3 on-campus blocks (2 weeks each) over 2 years, and complete a research assignment. Classes are presented at the Business School’s campus in the Tyger Valley business district in northern Cape Town. (The on-campus blocks will be delivered online in case of Covid-19 restrictions.)
  • Blended Learning programme: Attend weekly blended learning classes (using an internet-linked laptop) in Year 1, and one on-campus block (which covers the electives) in Year 2.
  • How to apply: Click hereto see the 7 steps of the application process.
  • Deadlines for applications and SHL selection tests: 15 November for students from South Africa, visa-exempt SADC countries, and the rest of the world; 31 October for RPL applicants

 

FEES

The fees below are for 2022. The fees for 2023 will be posted once these become available.

Programme fees for 2022 2022 2023 Total Provisional Quote
Students from South Africa R97 221 R97 198 R194 419 Download
Students from the Southern African Development
Community (SADC) countries
R101 886 R101 863 R203 749 Download
International students from the rest of Africa (non-SADC) R107 101 R107 078 R214 179 Download
International students from the rest of the world R137 126 R137 103 R274 229 Download
Deposit payable on acceptance of admission for 2022
Students from South Africa R14 583
Students from the SADC countries R50 493
International students from the rest of Africa (non-SADC) R53 551
Students from the rest of the world R68 563
Application fee for 2022
Application fee (non-refundable; applicable to all students) R850
  • Important:
    • Payment of full programme fees for South African students: South African students can pay the full programme fees upon registration, or they can pay 75% of the annual fees by the end of May and the balance of 25% by the end of September. Students can also spread their payment over two years. Fees include tuition, assessment and e-textbooks.
    • Payment of full programme fees for international students: International admitted students pay 50% of the annual fee as deposit. The remainder is due two weeks before commencement of the programme. Fees include tuition, assessment and e-textbooks.
    • Deposit: All students pay a deposit on acceptance of admission. South African students must pay a set deposit on admittance. International admitted students pay 50% of the annual fee as deposit. The deposit payable is non-refundable.
    • Application fee: The application fee must accompany the application. The application fee is non-refundable.
    • Additional fees for international students: International students pay an International Registration Fee (IRF) per academic year. Students from countries other than those in the Southern African Development Community also pay an International Tuition Fee (ITF) (i.e. students from SADC countries are exempt from the ITF).
    • Fees for 2024: The fees for the second year of enrolment will be adjusted to make provision for annual price increases.
    • Study materials: Some core e-textbooks and other study material will be provided to students and the cost thereof is included in the tuition fees. These books become the property of the student.
    • Travel and accommodation: Students are responsible for their own travel and accommodation arrangements and costs.
    • Fee changes: Stellenbosch Business School reserves the right to change the fees at any time.

     

    FINANCING

    Capitec’s credit for education solution

    Capitec offers credit for education at a discounted rate from 7% which allows prospective students, or their parents or guardians, to apply for a loan of up to R250 000 and pay it back over 84 months. To apply, the applicant must be permanently employed, 18 years or older, and have a valid South African ID document. A provisional quote or admission letter from Stellenbosch Business School is needed to process the credit application. You can only apply for Capitec’s credit solution through the Business School’s website. Go to the academic programme in which you are interested (see the FEES tab) and apply via the link supplied. Or go to www.usb.ac.za/academic-programmes/capitec-creditsolution/.

    Initiation, service fees and T&Cs apply. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13).

     

    TIMETABLES

    The timetables below are for 2022. The timetables for 2023 will be posted once the dates become available.

     

    Timetable for Modular format

    YEAR 1 (2022) – 2 blocks on campus:

    Block 1: 07 – 19 March

    Block 2: 15 – 27 August

     

    Timetable for Blended Learning format

    2 blocks (all classes remote in the first year, electives in 2nd year will be on campus)

    YEAR 1 (2022):

    Block 1 (remote): 14 – 18 February (orientation on 14 February)

    Thereafter: Every Monday evening from 16:00 – 20:15 until 30 November (remote)

Overview

This MPhil Development Finance offers an internationally recognised academic qualification with content that is relevant in terms of Africa’s development needs. This critical-skills degree is designed as a coherent programme of study at postgraduate level to train you to:

  • Fill the skills gaps in the financial industry and in policy-making and regulatory institutions in the development finance environment
  • Better understand the complexities of and manage the different development finance resources available to poor countries, especially in Africa
  • Understand thoroughly the special problems of finance in developing countries in general and Africa in particular, and acquire the skills to operate successfully and make a meaningful contribution to policy formulation and implementation in this field.
  • Demonstrate appreciation of the emerging financial technologies and their application in the financial services industry.

Do 6 compulsory modules

  • Economic Development Perspectives in Africa
  • Issues in Banking and Finance
  • Small Business Finance
  • Project Finance
  • Financial Technologies and Innovative Finance
  • Entrepreneurship

Choose 3 of the following electives – one from each block

Block 1

  • Environmental Finance
  • Infrastructural Finance
  • Public Policy and Finance
  • Structured Finance
  • Trade Policy and Finance

Block 2

  • Agricultural Policy & Finance
  • Business Forecasting and Econometric Analysis
  • Corporate Governance and Ethics
  • Small Scale Enterprise Development
  • Sustainable Finance

Block 3

  • Development Project Management
  • Economic Diplomacy
  • Financial Sector Regulation and Development
  • Investment Promotion

Research assignment

The research assignment forms an integral part of this MPhil and carries a total of 60 credits, representing one-third of the credit requirements of the programme. The research assignment is usually between 15 000 and 25 000 words on a topic of your choice. You are encouraged to base your research assignment on a topic of direct professional interest to you. The research assignment is supervised by a member of the academic staff.

Core Modules

The six core modules are compulsory:

  • Economic Development Perspectives in Africa
  • Issues in Banking and Finance
  • Small Business Finance
  • Project Finance
  • Public Policy and Leadership
  • Research Methods in Development Finance

Electives

You need to choose 3 of the following electives – one from each block:

Block 1

  • Environmental Finance
  • Infrastructural Finance
  • Public Sector Finance
  • Structured Finance

Block 2

  • Agricultural Policy & Finance
  • Business Forecasting and Econometric Analysis
  • Corporate Governance and Ethics
  • Small Scale Enterprise Development

Block 3

  • Development Project Management
  • Economic Diplomacy
  • Financial Sector Regulation and Development
  • Investment Promotion

Research assignment

Write a research assignment of 15 000 to 25 000 words on a development finance topic, preferably one that is of professional interest to you. You can work on your research assignment while you are doing your course work and electives. Through this research assignment you will learn how to:

  • Identify and describe a research problem and goal in the field of development finance
  • Become acquainted with relevant literature in this field
  • Critically to apply research methods and techniques
  • Present your material in a logical, clear and systematic way
  • Show your capacity for independent, self-managed learning and critical reflection on the research process.

The aim of this degree is to offer an internationally recognised academic qualification with content that is relevant in terms of Africa’s development needs. This critical-skills degree is designed to:

  • Fill the skills gaps in the financial industry and in policy-making and regulatory institutions in the development finance environment
  • Better understand the complexities of and manage the different development finance resources available to poor countries, especially in Africa
  • Understand the special problems of finance in developing countries and Africa in particular, and to acquire the skills to operate successfully and to make a meaningful contribution to policy formulation and implementation in this field.
  • Demonstrate appreciation of the emerging financial technologies and their application in the financial services industry.

This MPhil can give you access to a PhD Development Finance, which will allow you to become an expert in the field of development finance.

 

Who should enrol?

The programme is aimed at graduates in both the public and private sector who are involved with macro, sectoral and enterprise-level finance, and financial management issues in the context of developing countries and emerging markets.

Graduates typically work in financial institutions such as central banks, commercial banks, non-bank financial institutions, and development finance institutions such as the DBSA, industrial development corporations and the African Development Bank. They are often senior project managers or middle to senior management-level financial analysts.

To apply for the MPhil Development Finance you must meet the following requirements:

  • An appropriate Honours degree (the first postgraduate degree after a Bachelor’s degree) or a 4-year Bachelor’s degree in business, finance, economics, accounting or commerce; OR
  • A 3-year Bachelor’s degree and a postgraduate diploma (120 SAQA credits) from a university or a university of technology in business, finance, economics, accounting or commerce; OR
  • A postgraduate degree in any discipline and appropriate experience in the area of development economics and/or finance; AND
  • A sound understanding of quantitative analysis – a good pass/grade for school-leaving mathematics is an advantage.

Note:

  • International students require a South African Qualifications Authority (SAQA) evaluation certificate to evaluate their degrees according to South African standards. USB’s International Affairs Office will handle the credential evaluations of international students free of charge. You therefore need to complete the online application, and upload all certificates to your application. The International Office will, as part of the application process, conduct an in-house credential evaluation after you have submitted your application.
  • All degrees undergo a formal vetting process to eliminate fraudulent applications.

IMPORTANT: The Bachelor’s or Honours degree must be on a level that is equivalent to the South African qualification. Local and foreign academic qualifications have to be at the NQF 7 level (old) or NQF 8 level (new). This implies that the qualification includes a module in Research Methodology and an individual research paper.

Recognition of Prior Learning

USB provides wider access to its programmes through its Recognition of Prior Learning (RPL) process. In line with the requirements of the Council on Higher Education (CHE), USB may admit up to 10% of its student body under RPL. In order to be admitted to a Master’s programme at USB, candidates should be in possession of a relevant NQF 8 qualification, such as an Honours degree, 4-year in-depth Bachelor’s degree or a postgraduate diploma.

Candidates who wish to be admitted under the RPL policy will firstly have to submit all the documentation and tests as required for all prospective students. In addition, prospective students applying for a Master’s degree at USB have to adhere to the following:

 

  • Have at least an NQF 6 qualification (all school and academic certificates are required)
  • Have at least SIX years of working experience after obtaining the qualification mentioned above, of which at least THREE years should have been in a management or related professional position
  • Submit a comprehensive CV, indicating, in detail, areas of responsibility as well as information on activities outside the work environment
  • Write an assignment of 10 to 15 pages (11-point font size with 1.5 spacing) on a topic supplied by the programme head. The assignment must contain a signed declaration of own work.
  • Provide USB with at least two referents who can testify about the candidate’s managerial or related professional abilities (typically current or former line managers). The referents will be asked to give a detailed personal reference of the candidate on forms that can be downloaded on the application form.

The RPL selection process entails the following:

  • USB’s Admissions Committee (programme head and another academic) will conduct an in-depth interview with the candidate.
  • If the Committee is of the opinion that the candidate has the ability to cope with the demands of the MDevF programme, he/she may be admitted.
  • A recommendation of admission is sent via USB’s Academic Planning Committee to the Board of the Faculty of Economic and Management Sciences for notification. ​
  • Important: RPL candidates need to apply by 31 October to allow sufficient time for the assessment process.
  • Course
  • FEES & TIMETABLES
  • Structure & Content
  • Learning Philosophy
  • Admission Requirements
  • Apply
Course Overview
Blended
Course starts 14 February
Applications 03 December (SA and International) | 31 Oct (RPL)

If you want to make it your life’s work to help unlock Africa’s growth potential, the MPhil in Development Finance will equip you with critical skills to become a specialist in this area. You will gain an understanding – on Master’s level – of the complexities of the different development finance resources available to poor countries, especially in Africa. You will acquire the skills to help formulate and implement policies to make this happen. You will also be exposed to skills that are crucial for Africa’s future – such as economic development, project finance, and responsible leadership.

This will enable you to take on senior positions in the financial industry and in policy-making and regulatory institutions.

  • Blended Learning: Study while you work. Attend weekly blended learning classes (using an internet-linked laptop) in Year 1, and one on-campus block (which covers the electives) in Year 2. (The on-campus block will be delivered online in case of Covid-19 restrictions.) See how blended learning works at USB.
  • How to apply: Click here to see the 7 steps of the application process.

 

The fees below are for 2022. The fees for 2023 will be posted once these become available.

Programme fees for 2022 2022 2023 Total Provisional Quote
Students from South Africa R97 221 R97 198 R194 419 Download
Students from the Southern African Development
Community (SADC) countries
R101 886 R101 863 R203 749 Download
International students from the rest of Africa (non-SADC) R107 101 R107 078 R214 179 Download
International students from the rest of the world R137 126 R137 103 R274 229 Download
Deposit payable on acceptance of admission for 2022
Students from South Africa R14 583
Students from the SADC countries R50 493
International students from the rest of Africa (non-SADC) R53 551
Students from the rest of the world R68 563
Application fee for 2022
Application fee (non-refundable; applicable to all students) R850
  • Important:
    • Payment of full programme fees for South African students: South African students can pay the full programme fees upon registration, or they can pay 75% of the annual fees by the end of May and the balance of 25% by the end of September. Students can also spread their payment over two years. Fees include tuition, assessment and e-textbooks.
    • Payment of full programme fees for international students: International admitted students pay 50% of the annual fee as deposit. The remainder is due two weeks before commencement of the programme. Fees include tuition, assessment and e-textbooks.
    • Deposit: All students pay a deposit on acceptance of admission. South African students must pay a set deposit on admittance. International admitted students pay 50% of the annual fee as deposit. The deposit payable is non-refundable.
    • Application fee: The application fee must accompany the application. The application fee is non-refundable.
    • Additional fees for international students: International students pay an International Registration Fee (IRF) per academic year. Students from countries other than those in the Southern African Development Community also pay an International Tuition Fee (ITF) (i.e. students from SADC countries are exempt from the ITF).
    • Fees for 2024: The fees for the second year of enrolment will be adjusted to make provision for annual price increases.
    • Study materials: Some core e-textbooks and other study material will be provided to students and the cost thereof is included in the tuition fees. These books become the property of the student.
    • Travel and accommodation: Students are responsible for their own travel and accommodation arrangements and costs.
    • Fee changes: Stellenbosch Business School reserves the right to change the fees at any time.

     

    FINANCING

    Capitec’s credit for education solution

    Capitec offers credit for education at a discounted rate from 7% which allows prospective students, or their parents or guardians, to apply for a loan of up to R250 000 and pay it back over 84 months. To apply, the applicant must be permanently employed, 18 years or older, and have a valid South African ID document. A provisional quote or admission letter from Stellenbosch Business School is needed to process the credit application. You can only apply for Capitec’s credit solution through the Business School’s website. Go to the academic programme in which you are interested (see the FEES tab) and apply via the link supplied. Or go to www.usb.ac.za/academic-programmes/capitec-creditsolution/.

    Initiation, service fees and T&Cs apply. Capitec Bank is an authorised financial services provider (FSP 46669) and registered credit provider (NCRCP13).

     

    TIMETABLES

    The timetables below are for 2022. The timetables for 2023 will be posted once the dates become available.

     

    Timetable for Modular format

    YEAR 1 (2022) – 2 blocks on campus:

    Block 1: 07 – 19 March

    Block 2: 15 – 27 August

     

    Timetable for Blended Learning format

    2 blocks (all classes remote in the first year, electives in 2nd year will be on campus)

    YEAR 1 (2022):

    Block 1 (remote): 14 – 18 February (orientation on 14 February)

    Thereafter: Every Monday evening from 16:00 – 20:15 until 30 November (remote)

Overview

This MPhil Development Finance offers an internationally recognised academic qualification with content that is relevant in terms of Africa’s development needs. This critical-skills degree is designed as a coherent programme of study at postgraduate level to train you to:

  • Fill the skills gaps in the financial industry and in policy-making and regulatory institutions in the development finance environment
  • Better understand the complexities of and manage the different development finance resources available to poor countries, especially in Africa
  • Understand thoroughly the special problems of finance in developing countries in general and Africa in particular, and acquire the skills to operate successfully and make a meaningful contribution to policy formulation and implementation in this field.
  • Demonstrate appreciation of the emerging financial technologies and their application in the financial services industry.

Do 6 compulsory modules

  • Economic Development Perspectives in Africa
  • Issues in Banking and Finance
  • Small Business Finance
  • Project Finance
  • Financial Technologies and Innovative Finance
  • Entrepreneurship

Choose 3 of the following electives – one from each block

Block 1

  • Environmental Finance
  • Infrastructural Finance
  • Public Policy and Finance
  • Structured Finance
  • Trade Policy and Finance

 

Block 2

  • Agricultural Policy & Finance
  • Business Forecasting and Econometric Analysis
  • Corporate Governance and Ethics
  • Small Scale Enterprise Development
  • Sustainable Finance

 

Block 3

  • Development Project Management
  • Economic Diplomacy
  • Financial Sector Regulation and Development
  • Investment Promotion

 

Research assignment

The research assignment forms an integral part of this MPhil and carries a total of 60 credits, representing one-third of the credit requirements of the programme. The research assignment is usually between 15 000 and 25 000 words on a topic of your choice. You are encouraged to base your research assignment on a topic of direct professional interest to you. The research assignment is supervised by a member of the academic staff.

Core modules

The six core modules are compulsory:

  • Economic Development Perspectives in Africa
  • Issues in Banking and Finance
  • Small Business Finance
  • Project Finance
  • Public Policy and Leadership
  • Research Methods in Development Finance

Electives

You need to choose 3 of the following electives – one from each block:

Block 1

  • Environmental Finance
  • Infrastructural Finance
  • Public Sector Finance
  • Structured Finance

Block 2

  • Agricultural Policy & Finance
  • Business Forecasting and Econometric Analysis
  • Corporate Governance and Ethics
  • Small Scale Enterprise Development

Block 3

  • Development Project Management
  • Economic Diplomacy
  • Financial Sector Regulation and Development
  • Investment Promotion

Research assignment

Write a research assignment of 15 000 to 25 000 words on a development finance topic, preferably one that is of professional interest to you. You can work on your research assignment while you are doing your course work and electives. Through this research assignment you will learn how to:

  • Identify and describe a research problem and goal in the field of development finance
  • Become acquainted with relevant literature in this field
  • Critically to apply research methods and techniques
  • Present your material in a logical, clear and systematic way
  • Show your capacity for independent, self-managed learning and critical reflection on the research process.

The aim of this degree is to offer an internationally recognised academic qualification with content that is relevant in terms of Africa’s development needs. This critical-skills degree is designed to:

  • Fill the skills gaps in the financial industry and in policy-making and regulatory institutions in the development finance environment
  • Better understand the complexities of and manage the different development finance resources available to poor countries, especially in Africa
  • Understand the special problems of finance in developing countries and Africa in particular, and to acquire the skills to operate successfully and to make a meaningful contribution to policy formulation and implementation in this field.
  • Demonstrate appreciation of the emerging financial technologies and their application in the financial services industry.

This MPhil can give you access to a PhD Development Finance, which will allow you to become an expert in the field of development finance.

 

Who should enrol?

The programme is aimed at graduates in both the public and private sector who are involved with macro, sectoral and enterprise-level finance, and financial management issues in the context of developing countries and emerging markets.

Graduates typically work in financial institutions such as central banks, commercial banks, non-bank financial institutions, and development finance institutions such as the DBSA, industrial development corporations and the African Development Bank. They are often senior project managers or middle to senior management-level financial analysts.

What you need to apply

  • An appropriate Honours degree (the first postgraduate degree after a Bachelor’s degree) or a four-year Bachelor’s degree in business, finance, economics, accounting or commerce; OR
  • A three-year Bachelor’s degree and a postgraduate diploma (120 SAQA credits) from a university or a university of technology in business, finance, economics, accounting or commerce; OR
  • A postgraduate degree in any discipline and appropriate experience in the area of development economics and/or finance; AND
  • A sound understanding of quantitative analysis – a good pass/grade for school-leaving mathematics is an advantage.

 

Important:

  • Admission criteria: The Bachelor’s or Honours degree must be on a level that is equivalent to the South African qualification. Local and foreign academic qualifications have to be at the NQF 7 level (old) or NQF 8 level (new). This implies that the qualification includes a module in Research Methodology and an individual research paper.
  • Recognition of Prior Learning: The Business School provides wider access to its programmes through its RPL process. This means that, even if you do not have the required qualifications, you can still apply based on the management experience you have gained. You still need to submit all the documentation and tests as required for all prospective students, plus additional requirements. See Recognition of prior learning lower down in this section.
  • International students: International students require a South African Qualifications Authority (SAQA) evaluation certificate to evaluate their degrees according to South African standards. The Business School’s International Affairs Office will first handle the credential evaluations of international students free of charge. Students need to complete the online application and upload all certificates with their application. The International Affairs Office will, as part of the application process, conduct an in-house credential evaluation after you have submitted your application. However, should the International Affairs Office be uncertain about the status, recognition or accreditation of your qualification, we reserve the right to refer you to SAQA before we consider your application further.
  • Vetting process: All degrees undergo a formal vetting process to eliminate fraudulent applications.

 

Recognition of Prior Learning

Stellenbosch Business School provides wider access to its programmes through its Recognition of Prior Learning (RPL) process. In line with the requirements of the Council on Higher Education (CHE), the Business School may admit up to 10% of its student body per programme under RPL. In order to be admitted to a Master’s programme at the Business School, candidates should be in possession of a relevant NQF 8 qualification, such as an Honours degree, 4-year in-depth Bachelor’s degree or a postgraduate diploma.

Candidates who wish to be admitted under the RPL policy will firstly have to submit all the documentation and tests as required for all prospective students. In addition, prospective students applying for a Master’s degree at Stellenbosch Business School have to adhere to the following:

 

  • Have at least an NQF 6 qualification (all school and academic certificates are required)
  • Have at least SIX years of working experience after obtaining the qualification mentioned above, of which at least THREE years should have been in a management or related professional position
  • Submit a comprehensive CV, indicating, in detail, areas of responsibility as well as information on activities outside the work environment
  • Write an assignment of 10 to 15 pages (11-point font size with 1.5 spacing) on a topic supplied by the programme head. The assignment must contain a signed declaration of own work.
  • Provide Stellenbosch Business School with at least two references (typically current or former line heads) who can testify about the candidate’s managerial or related professional The references will be asked to give a detailed personal reference of the candidate on forms that can be download from the application form.

The RPL selection process entails the following:

  • The Business School’s Admissions Committee (programme head and another academic) will conduct an in-depth interview with the candidate.
  • If the Committee is of the opinion that the candidate has the ability to cope with the demands of the programme, he/she may be admitted.
  • A recommendation of admission is sent via the Business School’s Academic Planning Committee to the Board of the Faculty of Economic and Management Sciences for notification. ​
  • RPL candidates need to apply by 31 October to allow sufficient time for the assessment process.

PROGRAMME HEAD

Related programmes

Related programmes

  • Research

PhD Development Finance​​

  • Development Finance

This programme is the first of its kind in Africa, focussing on specialised research to support the growth agendas of South Africa and Africa. Advanced knowledge of development finance is typically required in senior positions in policy-making institutions, government, public and private corporations, financial institutions and international organisations.

View Programme
  • Blended

Postgraduate Diploma Development Finance​

  • Development Finance

This programme provides skills to implement and manage the design and financing of interventions that will help to grow South Africa, and Africa as a whole.

View Programme

Programme Ambassadors

Alumni who support prospective students in their new stage of life and share their personal experience about studying at Stellenbosch Business School.

APPLY NOW

Programme enquiries and application support

Henry Booysen: Client Liaison

 

Admissions

Marissa Groenewald

 

Testimonials from our alumni

Rutendo Change, 2015 MPhil Development Finance, Associate Consultant, ZIMBISA, Harare, Zimbabwe.

‘As a future policy maker, I needed a programme that would stimulate critical thinking about the continent’s development challenges and act as a platform for the exchange of ideas and solutions to improve opportunities for all Africans. I have started building networks in Southern, West and East Africa, a tribe of Africa’s future leaders committed to the advancement of the continent and its people. No other development finance programme is as committed to Africa as USB’s MDevF.’

Iesrafeel Jakoet, 2015 MPhil Development Finance, Chief Financial Officer, OIM Group, Cape Town, South Africa.

‘With USB’s rating as one of the top three business schools in Africa, it was the obvious choice for me. I chose the MDevF to challenge myself on a professional and personal level. It broadened my knowledge base and gave me a different perspective on the challenges faced by the African continent. I’ve met some extraordinary people on this programme and it has made me realise the importance of a strong network of leaders who, together, can deal with the unique challenges of our continent.’

Elton Jangale, 2015 MDevF, Partner, PFI Partnerships (Public-Private Partnership Practitioners), Blantyre, Malawi; Board Director, Malawi Stock Exchange; Board Director, Malawi Revenue Authority.

‘I enrolled on MDevF to enhance my skills as a PPP practitioner. The MDevF, its experienced professors and diverse students challenged me to take a broader view of Africa’s sustainable economic development. I have now become a Development Practitioner playing various roles in promoting the economic development of Malawi and SADC.’

FAQs

Not necessarily. The Postgraduate Diploma Development Finance is a natural feeder to the MPhil. In extreme situations we accept exceptional candidates as RPL candidates.

Yes. South African students must pay a set deposit on admittance. 75% of the annual fee is payable by the end of May and the balance of 25% by the end of September. International admitted students pay 50% of the annual fee as deposit. The remainder is due two weeks before commencement of the programme. South African students on a two-year programme can spread their payment over 2 years.

Study loans for students from West Africa: Guaranty Trust Bank Plc, with its headquarters in Lagos, Nigeria, has partnered with Stellenbosch Business School to provide loan facilities for tuition expenses to Stellenbosch Business School students in West Africa. The MaxAdvance facility is a time loan or term loan that aims to meet a range of personal needs for students.