New Graduate Institute of Financial Sciences School opens in Johannesburg


The launch of the Graduate Institute of Financial Sciences (GIFS) in Johannesburg
last night (5 April 2019) is a significant milestone for South Africa’s Financial Services Sector. The
institute is a re-brand of Masifunde Training Centre (MTC), a multiple award-winning boutique,
financial services education provider that has served the insurance and banking industry with
distinction over the past 14 years.
“The Graduate Institute of Financial Sciences continues with MTC’s deep commitment to
spearheading sustainable, positive change in South Africa by mobilising the power of education to
bring about socio-economic advancement,” explains Kershen Pillay, CEO of the Graduate Institute of
Financial Sciences (GIFS). “This is embodied in the GIFS mission to build a better Africa for others to
inherit. We are whole-heartedly devoted to using education as a tool to tackle unemployment and
poverty in the continent,” explains Pillay, who was named the TYI Top 100 Young African Innovator
of 2018.
Attended by the financial services elite and heavyweights from SA’s corporate-sphere, the launch of
the Graduate Institute of Financial Sciences (GIFS) at the Zulu Nyala Country Manor signalled one of
the most anticipated events in the country’s higher education calendar.
As GIFS spreads its wings globally and refines its specialist range of tailored, private education
offerings, the brand refresh is aligned to the company’s vision of creating the next generation of
trailblazers, ground-breakers and market leaders within the financial services industry. To this end, it
has expanded its national footprint to include corporate offices in KwaZulu-Natal (Durban), Gauteng
(Sandton) and the Western Cape (Durbanville).
“We believe that the future of Financial Services Sector, and indeed any sector, lies in the hands of
agile individuals who are not afraid to carve new pathways for the greater good, and we are
committed to moulding the minds of such passionate individuals through quality education,” says
Pillay, who has been named a finalist for the 2019 Top Empowered Young Achiever of the Year
Award, his third consecutive nomination at the prestigious Oliver Top Empowerment Awards.

For Pillay, who nurtured the GIFS predecessor from its fledgling roots on the south coast of KwaZuluNatal into a specialist national educational powerhouse, the birth of the Graduate Institute of Financial Sciences (GIFS) is the culmination of 14 years of established credibility, goodwill and good standing within the industry.

“We are very proud of our founder years, the early challenges and the solid foundation that we created, and we are now equally conscious of what it means to become GIFS and the responsibility we have taken on to re-shape Africa for the better.”

To this end, GIFS has vowed to continuously evolve its training experience through a combination of
innovation and insight.

This includes new offerings within its accredited and non-accredited programmes, an international exchange programme between South Africa and The Netherlands, creative engagements on multiple-layered interfaces to generate awareness of the Financial Services Sector and attract passionate role-players, and plans to tap into the unrivalled skills and expertise of its exclusive database of MTC Alumni that comprises some of the most progressive minds in South African banking and insurance.

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About Author

Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email:

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