Postgraduate Diploma in Development Finance​

Become a development finance practitioner and help Africa grow where it matters

  • Modular
  • Blended Learning
  • Course
  • Fees
  • Structure & Content
  • Learning Philosophy
  • Admission Requirements
Course Overview
Course starts 28 February 2022
Application closes 30 Nov (SA) | 31 Oct (international + RPL)

USB’s internationally accredited Postgraduate Diploma in Development Finance (PGDip DevFin) is particularly suited to help you unlock the skills needed to develop Africa where it matters. It will help you to design and implement African-driven solutions, and show you how to shape the policies and programmes to make this happen. You will also be exposed to skills that are critical for Africa’s future – such as responsible leadership, the management of risk and uncertainty, and the management of projects.

Growth initiatives in this context range from roads and energy plants to dams, schools, houses, hospitals, telecommunication infrastructure and small and medium-sized businesses.

Although the content of this programme is focused on Africa, the know-how acquired can be applied in any developing country. Over the past five years, students from over 18 countries attended the programme.

This qualification will enable you to work in development finance environments in both the public and private sectors. This PGDip can give you access to the MPhil in Development Finance, MBA (generalist and Project Management streams), and MPhil in Management Coaching.

NEW! This PGDip has been redesigned to give you unrivalled flexibility. Among others, you can choose the format (blended learning or modular) and duration (1 year or 2 years), making it easier for you to study while you work. See how USB’s redesigned PGDips can benefit you.

These are the dates for 2022.

Application deadlines

South African applicants: 30 November

RPL applicants: 31 October

Applicants from (visa-exempt) SADC countries: 31 October

Applicants from the rest of the world: 31 October

Year 1
4 Blocks
Block 1 (Orientation on the Monday)
28 February - 04 March
Block 2
23 - 27 May
Block 3
15 - 19 August
Block 4
31 October - 04 November

These are the dates for 2021. The dates for 2022 will be added once they have been finalised.

Provisional Programme fees for 2022 Total
Students from South Africa R92 000
Students from the Southern African Development Community
(SADC) countries
R96 950
Students from the rest of Africa (non-SADC) R102 483
Students from the rest of the world R172 223
Deposit payable on acceptance of admission for 2022
Students from South Africa R14 336
Students from the Southern African Development Community
(SADC) countries
R48 475
Students from the rest of Africa (non-SADC) R51 242
Students from the rest of the world R86 112
Application fee for 2022
Application fee (non-refundable; applicable to all students) R850
SHL fee
Applicable to all students R750
  • Application fee: The application fee must accompany the application. The application fee is not refundable.
  • Travelling, accommodation and meals are for students’ own accounts.
  • USB reserves the right to change the fees at any time.

Overview

Foundation phase modules and specialisation phase modules

The modules of the PGDip DevFin are split into a foundation phase (covering skills, frameworks and tools you can apply in any field of work) and a specialisation phase (programme-specific modules).

You need to do these 4 foundation phase modules:

  • Term 1: Understanding the World
  • Term 2: Responsible Leadership
  • Term 3: Managing of Projects
  • Term 4: Managing Risk and Uncertainty

 

You also need to do the 4 specialisation phase modules:

  • Term 1: Financing for Development
  • Term 2: Financial Analysis and Project Appraisal
  • Term 3: Financing Public Sector Projects
  • Term 4: M&E of Development Projects

 

Choose between 2 formats: Blended learning and modular

  • Blended Learning classes: Late-afternoon classes once every week for those doing their PGDip over 1 year, or once every fortnight for those doing their PGDip over 2 years. The blended learning classes are presented online (and also on campus depending on Covid restrictions). Classes are presented on Wednesday afternoons from 16:00 till 20:15, and for some foundation modules on Tuesday or Thursday afternoons from 16:00 till 20:15. The online classes are presented synchronously with the on-campus classes. The flexibility of digital class attendance means minimum time away from work. The blended learning delivery option opens up access to students from elsewhere in South Africa, from other African countries and even further afield. This also lowers the opportunity cost to obtain this PGDip as you can attend all classes online.
  • Modular classes: Four full blocks of classes spread over the year if you are doing the 1-year PGDip (i.e. morning and afternoon classes from Monday to Friday), or four blocks of either morning or afternoon classes per year if you are doing the two-year PGDip (i.e. morning or afternoon classes from Monday to Friday). The modular classes are presented on campus, which translates into in-class experience and focused studies without work interruptions.

Choose between 2 duration options: 1 year or 2 years

1-year PGDip

2-year PGDip

Number of modules: 8 Number of modules: 8
Delivery mode for all modules (foundation and specialisation):

  • Blended learning format: 1 late afternoon session per week for 40 weeks + 4 weeks of assessments
  • Modular format: 4 full modular blocks spread over the year (i.e. mornings and afternoons)
Delivery of foundation modules in Year 1:

  • Blended learning format: 1 late afternoon session once every second week
  • Modular format: 4 block weeks per year with classes either in the morning or the afternoon

Delivery of specialisation modules in Year 2:

  • Blended learning format: 1 late afternoon session once every second week
  • Modular format: 4 block weeks per year with classes either in the morning or the afternoon
Notes:

  • Each modular block runs from Monday to Friday, except the first modular block which runs from Monday to Saturday.
  • Students who select the 2-year option will be able to pay their fees over 2 years.

This programme provides skills to managers in the development finance environment to enable them implement and manage the design and financing of interventions that will help to grow South Africa as well as the greater Africa. The programme therefore equips entry-level to mid-level managers with the know-how to:

  • Provide financial and operational input in terms of development finance issues
  • Identify development projects or policies
  • Contribute to the design and implementation of structured policies and interventions to finance development needs, especially in Africa.

The value of this programme also lies in the integration of theory and practice, and in global business knowledge with African contextualisation. Students are provided with comprehensive support throughout the programme.

Academic qualifications and other admission criteria
The following minimum admission criteria are applicable:

  • Academic qualifications: A Bachelor’s degree in Economics, Finance, Accounting, Commerce or Management OR any other 3-year Bachelor’s degree with at least 2 years of relevant experience OR recognition of prior learning.
  • Selection test: SHL selection test. This test is done online.
  • Essay: You need to write an essay.
  • Additional documentation: A comprehensive CV indicating your work experience.
  • Highly recommended: Proficiency in English.

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.

SHL selection test

You need to complete the SHL abilities selection test as part of your application process. The test consists of verbal, numerical and inductive reasoning tests, which are used for selection and for the identification of your development areas.

  • Duration: Approximately 1.5 hours.
  • Preparation: No preparation is required. However, you are encouraged to perform a practice test to familiarise yourself with the test format. See shl.com/shldirect/en-us/practice-tests/
  • About the test: The SHL test is done online. (Random verification might be requested.) You will be provided with a link to the SHL test once you have paid your PGDip BMA application fee and SHL selection test fee, and after you have submitted your application form and have received your provisional student number. (You need to use this provisional student number when writing the SHL.)
  • Cost: For fees, please see usb.ac.za/pgddevfin (click on Fees tab). See bank details under How to apply and use your provisional student number as reference. The application fee and SHL selection test fee can be paid online.
  • Link to the SHL selection test: You do not have to arrange with USB to write the SHL test. You will receive a link to the test once the relevant payments have been received and you have submitted your application form. USB will receive your results directly from SHL and will upload it to your application form on your behalf.
  • Additional information: shl.com/en/assessments/cognitive-ability/
  • Important: The SHL selection test is valid for 18 months. If your SHL selection test results are older than this, you should ideally rewrite the test as people grow and develop and assessments need to take this into account. USB does not consider SHL tests from other institutions as you may have written a different type or level of test, or you may have been compared to a different comparison group. If you have completed the SHL with USB during the past 18 months, you do not have to rewrite the test.

Motivational essay

Write an essay of between 400 and 500 words on the topic outlined below and submit it in PDF format. Please indicate the word count at the end of your essay:

USB aspires to be a source of value for a better world. How are your career goals aligned with being a source of value for a better world, and how would this postgraduate programme assist you in achieving your short-term (2 to 3 years) and long-term (10 years) career goals?

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, USB may admit up to 10% of its student body under RPL. RPL candidates need to submit all the documentation and tests as required for all prospective students.

In addition, prospective RPL candidates applying for a Postgraduate Diploma at USB have to adhere to the following:

  • Have at least an NQF 4 qualification.
  • Have at least ten years of working experience after obtaining a school leaving certificate, of which at least five years should have been in a management or related professional position.
  • Submit a comprehensive CV, indicating detailed areas of responsibility as well as information of activities outside the work environment.
  • 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 Postgraduate Diploma, 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
  • Structure & Content
  • Learning Philosophy
  • Admission Requirements
Course Overview
Course starts 17 January 2022
Application closes 30 Nov (SA) | 31 Oct (international + RPL)

USB’s internationally accredited Postgraduate Diploma in Development Finance (PGDip DevFin) is particularly suited to help you unlock the skills needed to develop Africa where it matters. It will help you to design and implement African-driven solutions, and show you how to shape the policies and programmes to make this happen. You will also be exposed to skills that are critical for Africa’s future – such as responsible leadership, the management of risk and uncertainty, and the management of projects.

Growth initiatives in this context range from roads and energy plants to dams, schools, houses, hospitals, telecommunication infrastructure and small and medium-sized businesses.

Although the content of this programme is focused on Africa, the know-how acquired can be applied in any developing country. Over the past five years, students from over 18 countries attended the programme.

This qualification will enable you to work in development finance environments in both the public and private sectors. This PGDip can give you access to the MPhil in Development Finance, MBA (generalist and Project Management streams), and MPhil in Management Coaching.

NEW! This PGDip has been redesigned to give you unrivalled flexibility. Among others, you can choose the format (blended learning or modular) and duration (1 year or 2 years), making it easier for you to study while you work. See how USB’s redesigned PGDips can benefit you.

ABOUT BLENDED LEARNING: The blended learning format enables you to attend class on campus or remotely via an internet-linked laptop. This means you will be able to immerse yourself in a premium learning experience from wherever you are in the world. We have been investing in this technology since 2015 and our lecturers are trained in the art of virtual facilitation and teaching. See how blended learning works at USB.

These are the dates for 2022.

Application deadlines

  • South African applicants: 30 November
  • RPL applicants: 31 October
  • Applicants from (visa-exempt) SADC countries: 31 October
  • Applicants from the rest of the world: 31 October
Orientation
17 January
Classes
18 January - 05 December (Tuesday evenings from 16:00-20:15)

These are the dates for 2021. The dates for 2022 will be added once they have been finalised.

Provisional Programme fees for 2022 Total
Students from South Africa R92 000
Students from the Southern African Development Community
(SADC) countries
R96 950
Students from the rest of Africa (non-SADC) R102 483
Students from the rest of the world R172 223
Deposit payable on acceptance of admission for 2022
Students from South Africa R14 336
Students from the Southern African Development Community
(SADC) countries
R48 475
Students from the rest of Africa (non-SADC) R51 242
Students from the rest of the world R86 112
Application fee for 2022
Application fee (non-refundable; applicable to all students) R850
SHL fee
Applicable to all students R750
  • Application fee: The application fee must accompany the application. The application fee is not refundable.
  • Travelling, accommodation and meals are for students’ own accounts.
  • USB reserves the right to change the fees at any time.

Overview

Foundation phase modules and specialisation phase modules

The modules of the PGDip DevFin are split into a foundation phase (covering skills, frameworks and tools you can apply in any field of work) and a specialisation phase (programme-specific modules).

You need to do these 4 foundation phase modules:

  • Term 1: Understanding the World
  • Term 2: Responsible Leadership
  • Term 3: Managing of Projects
  • Term 4: Managing Risk and Uncertainty

 

You also need to do the 4 specialisation phase modules:

  • Term 1: Financing for Development
  • Term 2: Financial Analysis and Project Appraisal
  • Term 3: Financing Public Sector Projects
  • Term 4: M&E of Development Projects

 

Choose between 2 formats: Blended learning and modular

  • Blended Learning classes: Late-afternoon classes once every week for those doing their PGDip over 1 year, or once every fortnight for those doing their PGDip over 2 years. The blended learning classes are presented online (and also on campus depending on Covid restrictions). Classes are presented on Wednesday afternoons from 16:00 till 20:15, and for some foundation modules on Tuesday or Thursday afternoons from 16:00 till 20:15. The online classes are presented synchronously with the on-campus classes. The flexibility of digital class attendance means minimum time away from work. The blended learning delivery option opens up access to students from elsewhere in South Africa, from other African countries and even further afield. This also lowers the opportunity cost to obtain this PGDip as you can attend all classes online.
  • Modular classes: Four full blocks of classes spread over the year if you are doing the 1-year PGDip (i.e. morning and afternoon classes from Monday to Friday), or four blocks of either morning or afternoon classes per year if you are doing the two-year PGDip (i.e. morning or afternoon classes from Monday to Friday). The modular classes are presented on campus, which translates into in-class experience and focused studies without work interruptions.

Choose between 2 duration options: 1 year or 2 years

1-year PGDip

2-year PGDip

Number of modules: 8 Number of modules: 8
Delivery mode for all modules (foundation and specialisation):

  • Blended learning format: 1 late afternoon session per week for 40 weeks + 4 weeks of assessments
  • Modular format: 4 full modular blocks spread over the year (i.e. mornings and afternoons)
Delivery of foundation modules in Year 1:

  • Blended learning format: 1 late afternoon session once every second week
  • Modular format: 4 block weeks per year with classes either in the morning or the afternoon

Delivery of specialisation modules in Year 2:

  • Blended learning format: 1 late afternoon session once every second week
  • Modular format: 4 block weeks per year with classes either in the morning or the afternoon
Notes:

  • Each modular block runs from Monday to Friday, except the first modular block which runs from Monday to Saturday.
  • Students who select the 2-year option will be able to pay their fees over 2 years.

This programme provides skills to managers in the development finance environment to enable them implement and manage the design and financing of interventions that will help to grow South Africa as well as the greater Africa. The programme therefore equips entry-level to mid-level managers with the know-how to:

  • Provide financial and operational input in terms of development finance issues
  • Identify development projects or policies
  • Contribute to the design and implementation of structured policies and interventions to finance development needs, especially in Africa.

The value of this programme also lies in the integration of theory and practice, and in global business knowledge with African contextualisation. Students are provided with comprehensive support throughout the programme.

Academic qualifications and other admission criteria
The following minimum admission criteria are applicable:

  • Academic qualifications: A Bachelor’s degree in Economics, Finance, Accounting, Commerce or Management OR any other 3-year Bachelor’s degree with at least 2 years of relevant experience OR recognition of prior learning.
  • Selection test: SHL selection test. This test is done online.
  • Essay: You need to write an essay.
  • Additional documentation: A comprehensive CV indicating your work experience.
  • Highly recommended: Proficiency in English.

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.

SHL selection test

You need to complete the SHL abilities selection test as part of your application process. The test consists of verbal, numerical and inductive reasoning tests, which are used for selection and for the identification of your development areas.

  • Duration: Approximately 1.5 hours.
  • Preparation: No preparation is required. However, you are encouraged to perform a practice test to familiarise yourself with the test format. See shl.com/shldirect/en-us/practice-tests/
  • About the test: The SHL test is done online. (Random verification might be requested.) You will be provided with a link to the SHL test once you have paid your PGDip BMA application fee and SHL selection test fee, and after you have submitted your application form and have received your provisional student number. (You need to use this provisional student number when writing the SHL.)
  • Cost: For fees, please see usb.ac.za/pgddevfin (click on Fees tab). See bank details under How to apply and use your provisional student number as reference. The application fee and SHL selection test fee can be paid online.
  • Link to the SHL selection test: You do not have to arrange with USB to write the SHL test. You will receive a link to the test once the relevant payments have been received and you have submitted your application form. USB will receive your results directly from SHL and will upload it to your application form on your behalf.
  • Additional information: shl.com/en/assessments/cognitive-ability/
  • Important: The SHL selection test is valid for 18 months. If your SHL selection test results are older than this, you should ideally rewrite the test as people grow and develop and assessments need to take this into account. USB does not consider SHL tests from other institutions as you may have written a different type or level of test, or you may have been compared to a different comparison group. If you have completed the SHL with USB during the past 18 months, you do not have to rewrite the test.

Motivational essay

Write an essay of between 400 and 500 words on the topic outlined below and submit it in PDF format. Please indicate the word count at the end of your essay:

USB aspires to be a source of value for a better world. How are your career goals aligned with being a source of value for a better world, and how would this postgraduate programme assist you in achieving your short-term (2 to 3 years) and long-term (10 years) career goals?

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, USB may admit up to 10% of its student body under RPL. RPL candidates need to submit all the documentation and tests as required for all prospective students.

In addition, prospective RPL candidates applying for a Postgraduate Diploma at USB have to adhere to the following:

  • Have at least an NQF 4 qualification.
  • Have at least ten years of working experience after obtaining a school leaving certificate, of which at least five years should have been in a management or related professional position.
  • Submit a comprehensive CV, indicating detailed areas of responsibility as well as information of activities outside the work environment.
  • 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 Postgraduate Diploma, 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
PROGRAMME HEAD
Prof Meshach Aziakpono

Prof Meshach Aziakpono has a special interest in economic and financial integration, financial sector development in Africa, development finance, economic and financial modelling, and applied econometrics. He shares his research by publishing articles in journals and presenting papers at local and global conferences. He holds a PhD in Economics from the University of Free State.

Programme Ambassadors

These programme ambassadors are current students and alumni who support prospective students in their new stage of life and share their personal experience about studying at USB.


MBA Graduates USB
  • Who should enrol?
  • What will you gain?

If you are an entry-level or mid-level manager who is interested in a career in development finance, this is the programme you should consider. Graduates typically work in the financial services industry, public institutions, banks, companies or corporates.

  • Help Africa to grow sustainably: This PGDip will enable you to work in the development finance environment and to implement and manage the design and financing of interventions aimed at growth in South Africa as well as the greater Africa.
  • Provide financial and operational input in terms of development finance issues: You will be able to analyse the structure of African economies and the role of financial markets in development.
  • Shape development projects and policies: You will be able to identify development projects or policies, and contribute to the design and implementation of policies and interventions to finance development needs.
  • Provide input for reports: You will be able to write analytical position papers, which is important for policy implementation and research in development finance.
  • Build valuable networks: The rich diversity of students will enable you to build valuable networks. Over the past five years students from over 18 countries have attended this programme.
  • Responsible leadership skills: On this PGDip, an entire module is dedicated to your development as a responsible leader.
  • Understanding context: You will also do a module on understanding the world. This will give you the bigger picture in terms of the global, African and local ecosystems in which you operate.

 

Testimonials from our alumni

‘This programme opened my eyes to our role as Africans in achieving development and access to finance and wealth creation for our generation and generations to come. Diverse experiences and expertise in class made learning more interesting and it created a lifelong network for me. This PGDip has changed my life. I now live with a vision for development.’

Mphumleli Dyushu, PGDip in Development Finance, Director: Planning and Reporting, Department of Rural Development and Agrarian Reform,

‘USB’s PGDip in Development Finance has made me realise the huge gap that African countries have with regard to financial stability and development. We as Africans need to identify innovative ways to finance and grow development. USB’s PGDip in Development Finance helps us with this.’

Chris Peters, PGDip in Development Finance, Post Investment Manager, Small Enterprise Finance Agency, East London,

‘As a young South African woman, I have a role in the development of this continent that I call home. This programme has allowed me to fulfil this role.’

Ritsep Mataboge, PGDip in Development Finance, Manager, Commercial Banking Rest of Africa, Standard Bank, Johannesburg ,

FAQs

Not necessarily. You need a relevant Bachelor’s degree with 2+ years working experience in order to be considered.

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.

Stellenbosch University’s main campus will be in a position to provide you with more information:
http://www0.sun.ac.za/pgstudies/postgraduate-funding-and-support.html

The closing dates for each programme appear on the web page for that programme. In general, the closing dates for international applicants from non-SADC African countries and rest of world close approximately three months prior to the closing date for applicants from South Africa and (visa-exempt) SADC countries. Obtaining a study permit (study visa) from the South African authorities takes up to 12 weeks from the date of being offered a place on a programme at USB – hence the early application deadline for international students. RPL candidates (all programmes) need to apply by 30 October each year. Late applications after the closing dates will only be considered in exceptional circumstances.

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