VENTURES AFRICA – At the recently concluded 5th Eduniversal World Convention of the Best Business Schools, the University of Cape Town Graduate School of Business (UCT GSB) was rated as the best business school in Africa, based on votes from Deans of other international business schools.
The annual meeting which welcomes academics, business school leaders, and education professionals from around the globe, was hosted by CENTRUM Catolica, the Graduate Business School of the Pontificia Universidad Catolica del Peru.
UCT GSB Director, Walter Baets, commenting on the award, said he was pleased, especially with the verification method for the awardee.
“I believe that a peer-reviewed award such as this is one of the most valuable metrics to measure a business school by,” he remarked.
Concidering the growing importance of African economics, the award points the Cape Town-based graduate business school as a pivotal player and leading teacher on the African continent in emerging market expertise.
According to cp-Africa, the selection makes it the fifth time UCT GSB has walked away with top honours at the business school awards.
Hector Paredes-Tarazona, a former MBA graduate of UCT GSB, and COO of IGH Group South America, accepted the award on behalf of the South African institution which also is the only African business school to have a full-time MBA programme featured in the Financial Times’ Top 100 Global MBA Ranking.
In 2012, the GSB MBA was ranked for the eighth consecutive year by the FT, rising six places to reach 54th place.
Ranked second to the UCT GSB in Africa, wasthe University of Stellenbosch Business School.
The Eduniversal International Scientific Committee (ISC) nominates a selection of 1000 business schools from 153 countries, across nine zones. Schools are nominated based on a global mapping system made up of criteria such as universality and international reputation. From the selection, deans and directors of the business schools are asked to vote for the school they recommend most.