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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

Future Leader’s Award 2017 goes to UFS Quantity Surveying student
2017-08-11

Description: Future Leader’s Award 2017 goes to UFS Quantity Surveying student Tags: Future Leader’s Award 2017 goes to UFS Quantity Surveying student 

Celebrating big achievements in the construction
sector at the recent Association of South African
Quantity Surveyors (ASAQS) conference are, from
the left: Cameron Ferreira, junior lecturer in the
UFS Department of Quantity Surveying,
Jhon Thatcher, former UFS student in the same
department who was the second runner-up for the
Gold Medal Award, Dr Stephan Ramabodu, President
of ASAQS, Gerné Bothma, former student in the
department and winner of the Future Leaders’
Award 2017, and Pierre Oosthuizen, UFS lecturer in
the same department.
Photos: Supplied


The Department of Quantity Surveying and Construction Management at the University of the Free State (UFS) made good on its promise to develop independent and critical-thinking graduates who will become leaders in their field. At the recent Association of South African Quantity Surveyors (ASAQS) conference and gala dinner, two students from the department, Gerné Botma and Jhon Thatcher, received awards for their outstanding performance.

Best of the best
Botma received the ASAQS Future Leaders’ Award (2017), an award based on academic achievement in the first three years of study. He competed with nominees from universities across South Africa offering Quantity Surveying programmes, and was the winner in this category.

Thatcher was a second runner-up for the ASAQS Gold Medal Award (being in the top three Quantity Surveying students in South Africa). This is awarded on a number of criteria, including academic achievement. Fourth-year students from all the universities in South Africa offering Quantity Surveying programmes compete for this award, and must display achievement in categories such as academia, leadership, community engagement, and general interests.  In 2016, the Gold Medal Award was won by the UFS student, Kamogelo Leeuw.

Keeping abreast of developments
Today, organisations are relying on its members to stay ahead of issues, technologies, innovations and trends. In Quantity Surveying, to keep abreast of developments in the built environment, ASAQS was established as a voluntary association, with one of its goals being advancing and promoting the science and practice of Quantity Surveying.  ASAQS works in close collaboration with its member firms, tertiary institutions, and the South African Council for Quantity Surveying Professions (SACQSP), a statutory body that oversees and regulates the profession, and accredit Quantity Surveying programmes in South Africa.

Two staff members from the UFS Department of Quantity Surveying and Construction Management, Cameron Ferreira and Pierre Oosthuizen, attended the recent ASAQS annual conference. Ferreira, a junior lecturer in the department, is the current Chapter Chairperson of the Free State for ASAQS and Oosthuizen, a lecturer in the department, is the former Chapter Chairperson.

According to Ferreira, they attended the conference to keep abreast of the latest development within the industry. “The event also served as a great networking opportunity for the UFS to build partnerships with other industry pioneers,” she said. Making use of opportunities such as these is in line with the UFS’s pursuit of lifelong learning.

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