This is the fourth time that the UCT GSB has walked away with top honours at the event. The American University in Cairo came in second on the Continent, with South Africa's University of Stellenbosch Business School placing third again this year.
The annual meeting was hosted by the School of Economic and Management, Tongii University and welcomed business school leaders from 50 countries around the globe. This year's convention was dedicated to the topic of Educating the World - Redefining Excellence in the Business Education of the Future.
UCT GSB Director, Walter Baets, said he was pleased with the award especially given that the Eduniversal system is based on a peer-review methodology in which business school deans from around the world vote. "I believe that a peer-reviewed award such as this is one of the most valuable metrics to measure a business school by.
"The GSB aims to be the leading business school on the African continent in emerging market expertise. I am elated that the international business school community has recognised our on-going efforts to build a strong African model for business schools. Their votes are a wonderful boost," he added.
The UCT GSB also has the only MBA programme in Africa to feature in the Financial Times' Top 100 Global MBA Ranking. In 2011, the GSB MBA was ranked for the 6th consecutive year by the FT, rising 29 places to reach 60th place. It is also one of just two South African business schools to have full EQUIS (European Quality Improvement System) accreditation from the European Foundation for Management Development.