In conversation with Cephas Forichi - Investment & Banking lecturer
We spoke to Investment & Banking lecturer, Cephas Forichi, on his career and lecturing on investments, as well as his take on the future of Banking & Investment in South Africa.
What specifically drew you to study and lecture in Banking and Investment?
I have a passion for the investment field and with investments; it is easy to connect what you have learnt with reality.
What drew you to work as a lecturer in Investment and Banking at Milpark?
I have a passion for the academic field and I want to share the knowledge that I have acquired.
What is the most important role/aspect of a lecturer in your opinion?
It is important for me to create an environment that is student-driven and stimulates learning.
Where do you think the future of Banking and Investment is headed in South Africa?
Artificial intelligence is on the rise and the banking and investment sector will not be spared. Notable advances on that front have been recently witnessed, with the new brick-and-mortar divorced banks emerging. Technology-driven financial products will also be on the rise, with crypto financial products finding themselves in the mix, competing with traditional investment instruments. The talk of a rand-backed cryptocurrency is also brewing in the background.
What piece of advice could you share with the wider community about Banking or Investing in South Africa at this time?
South Africa’s economic growth has been muted for quite some time. The economy is craving funding, with institutional investors employing a wait and see approach, while foreign investment inflows are trying to pick up the pieces after the global commodity prices slump. Against this backdrop, investments by the South African community can act as a catalyst for economic growth, with the benefits filtering through to community again. Thus, the community should invest in different investment vehicles to improve themselves.
Any advice for students who are starting to prepare for the end of year assessments and exams?
My advice is that all assessments are important and they test your knowledge on, and application of different sections of the curriculum.
Take the required amount of study time for each module to increase your chances of excelling in the different assessments and ultimately the exams.
Do you have a work philosophy – what motivates you to succeed in your career?
My work philosophy is ‘stay focus and remain on course’, even when faced with daunting challenges. I set different individual targets, achieving each of the goals is a motivational tool for me.
17 Sep 2019