Show as: Mobile

Master's Degree in Development Finance

University of Stellenbosch Business School
Length: 2 years
Study pace: Part time
Education level: Master's degree
Location: Cape Town
Language: English

Program Description

Focusing on development finance and Africa’s growth needs, the internationally accredited Master’s Degree in Development Finance (MDevF) is the first programme of its kind in Africa.

This two-year modular programme is presented by the University of Stellenbosch Business School (USB) in Bellville, a northern suburb of Cape Town. Students have to attend four blocks of two weeks each at the USB during this time. Students also have to complete a research report.


The core subjects, electives and presentation of the students’ proposals for their research reports are covered in the class contact sessions. Students also need to write a research report. This is how the content is structured:


  • Block 1: Corporate Governance, Quantitative Methods, Political and Economic Dimensions of Development in Africa, Research Methodology
  • Block 2: Issues in Banking and Finance, Project Finance, Quantitative Methods, Research Methodology
  • Block 3: Small-scale Enterprise Development, Research Methodology, one elective
  • Block 4: Research Methodology, two electives
  • Block 5: Research Methodology (presentations of proposals for MDevF research reports) and final assessments
  • Electives

Students have to choose three electives. The list of electives usually includes:

  • Microfinance
  • Environmental Finance
  • Infrastructure Finance
  • Emerging Financial Markets
  • Public Sector Finance
  • Project Management
  • Africa Country Risk and Return Analysis
  • Business Forecasting

Admission requirements

One of the following is required for admission to the MDevF:

  • An appropriate Honours degree (the first postgraduate degree after a Bachelor’s degree) or a four-year Bachelor’s degree with content focused on 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. The contents must focus on 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; or
  • A three-year degree and extensive experience in the areas of development economics and/or finance, subject to Recognition of Prior Learning (RPL) assessment.

Local and foreign academic qualifications have to be at the NQF 7 level (old) or NQF 8 level (new). This implies that the qualification included a module in Research Methodology and an individual research paper.

Candidates should also have a sound understanding of quantitative analysis, and it is advisable to have a good pass grade for school-leaving mathematics.

This program has an IELTS English language proficiency requirement. For more information about IELTS or to book a test, click below:

Download Brochure

Want to find out more about this program? Fill in your details below and receive the brochure.


University of Stellenbosch Business School

University of Stellenbosch Business School

The University of Stellenbosch Business School (USB) has established itself as one of the top providers of MBA degrees, other Master’s degrees, PhD degrees and executive education in South Africa. The USB has also earned recognition among international schools of...

Read more about this school

Location & accommodation

University of Stellenbosch Business School

Cape Town, South Africa

The University of Stellenbosch Business School is located at a satellite campus of the University of Stellenbosch in the Western Cape province of South Africa. The USB is adjacent to the new Tyger Waterfront business district in Belleville, 25 kilometers from the center of Cape Town and 35 kilometers from the main campus in the historic town of Stellenbosch. The Belleville Park Campus is conveniently...

Reviews by students

Capetonian   |   5/19/2011
This is the program with a schedule that can be fit around full-time employment. The workload is very demanding, but the faculty is good and the courses are relevant and offer very good learning opportunities. It is also one of the only Development Finance grad degrees offered in Africa by a fully recognized (in Europe and USA) business school. ...
Show more

Contact information for University of Stellenbosch Business School

University of Stellenbosch Business School

Carl Cronjé Drive, Bellville
7530 Cape Town
South Africa