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23 October 2023 | Story SAMKELO FETILE | Photo SAMKELO FETILE
Third year students: Sipho Majenge, Thapelo Tinte, Dr Edson Vengesai, Busisiwe Nhlapo and Tsolofelo Zwane.
Third year students: Sipho Majenge, Thapelo Tinte, Dr Edson Vengesai, Busisiwe Nhlapo and Tsolofelo Zwane.

The University of the Free State (UFS), Department of Economics and Finance in the Faculty of Economic and Management Science, has recently made headlines by achieving remarkable success in the prestigious JSE Investment Challenge competition. The 3rd-year group secured an impressive second position, while the Honours group claimed an outstanding third place. These achievements are truly commendable, given the fierce competition and rigorous evaluation of financial acumen that characterises this national competition.

The 3rd-year group, consisting of Thapelo Tinte, Sipho Majenge, Busisiwe Nhlapo and Tsolofelo Zwane, showcased their financial prowess by excelling in trading futures, a complex financial instrument that demands in-depth knowledge and expertise. On the other hand, the Honours group, comprised of Dawie Bekker, Divan Koch, Keith Tarr, and William Oosthuysen, dedicated their efforts to the stock market. These talented individuals took on the trading aspect of the competition, meticulously constructing and managing their portfolios.

The significance of the JSE Investment Challenge

The JSE Investment Challenge, organised by the Johannesburg Stock Exchange (JSE), is a prestigious national competition designed to introduce students to investment fundamentals, offering practical experience that equips them with the knowledge and skills necessary for informed decision-making in real financial markets. This educational stock trading programme also champions financial inclusion and equality by welcoming students from all fields of study. Distinguished by its association with the JSE, one of Africa's leading stock exchanges, the competition exudes credibility and prestige. Participation from universities across South Africa further enhances its national appeal. Moreover, it imparts invaluable real-world financial skills and knowledge, highlighting the participants’ ability to navigate the complexities of the stock market and effectively manage portfolios.

A test of financial prowess

In the challenge, each participating team is allocated R1 million in virtual money and is tasked with constructing a portfolio by purchasing securities on the JSE. This portfolio is closely monitored over six months, from March to September, with the team that generates the highest return across all universities declared as the winner. The rewards are enticing, with the top team receiving R30,000 and an all-expenses-covered international trip. The second and third-placed teams receive R20,000 and R10,000, respectively.

Dr Edson Vengesai plays a pivotal role as the guiding force behind the JSE Investment Challenge in the Department of Economics and Finance. He emphasises, “The success of the students in the JSE Investment Challenge reflects the institution's commitment to providing practical and relevant education. It demonstrates that the students are not only learning theory but also how to apply that knowledge in real-world scenarios. This achievement enhances the institution's reputation, particularly in the fields of finance and economics. It signifies a high-quality curriculum and a dedication to excellence in education”. 

For more information about the competition, interested individuals can contact Dr Vengesai through the Department of Economics and Finance in the Faculty of Economic and Management Sciences or via email at vengesaie@ufs.ac.za.

Dawie Bekker, William Oosthuysen, Dr Edson Vengesai, Divan Koch and Keith Tarr

Honours students: Dawie Bekker, William Oosthuysen, Dr Edson Vengesai, Divan Koch and Keith Tarr.

News Archive

UFS football team promoted to ABC Motsepe League
2017-06-01

Description: UFS football team  Tags: UFS football team

The Kovsies were the best football team at the SAB
playoffs held in Sasolburg gaining access to the
ABC Motsepe League in 2017/2018.
Photo: Kyle Marais

It means a lot to the football loving community at University of the Free State (UFS) and gives them something to be proud of. This is according to Godfrey Tenoff, coach of the UFS Men’s Football Team, after his team’s recent promotion to the ABC Motsepe League.

The Kovsies were crowned SAB Provincial Champions, an amateur senior league, for a second consecutive year in 2016/2017, but gained access to the ABC Motsepe League by winning the SAB playoffs on 20 and 21 May 2017 in Sasolburg. Thabo (Number) Lesibe and Tenoff was also respectively named Player and Coach of the Tournament at the playoffs. The university has been promoted to the semi-professional ABC Motsepe league for the first time since 2008.

Flirting with success over past few years
Tenoff said UFS football can now be seen as “one that can make a significant contribution to championship culture of sport at the university”.

His troops had flirted with success over the past few years, but couldn’t always translate it into championships. They finished fourth in their SAB provincial league in 2013/2014, second in 2014/2015 and in 2015/2016 won the region, but lost in the SAB provincial playoffs.

Three reasons for outstanding season
Tenoff said there are three reasons for the team’s success and it went on a 22-game unbeaten streak, with 20 games won and two drawn.

They retained most players from the 2015/2016 season and many of them were recruited during that season. Local talent from high schools in Bloemfontein were also recruited and introduced earlier – in July 2016. Lastly, Tenoff said the players and technical team were resilient and objective in their planning.

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