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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 appoints a dean for the Humanities
2008-12-08

The Council of the University of the Free State (UFS) has recently approved the appointment of Prof. Lucius Botes as the new dean of the Faculty of the Humanities during its last meeting of the year. He will succeed Prof. Gerhardt de Klerk, who will be retiring at the end of the year.

Prof. Botes is currently the Director of the Centre for Development Support (CDS) at the UFS and is also Programme Director of the Postgraduate Programme in Development Studies, which he initiated some nine years ago, and has produced more than 170 alumni from 20 different countries.

Prof. Botes has been an employee of the UFS since 1983 and was appointed as Director of the CDS in 1999. He has a Ph.D. in Sociology and a strong research background.

He was among others a member of the Premier’s Economic Advisory Council of the Free State from 2001-2005 and associate academic fellow of the World Economic Forum from 2001-2006. Prof. Botes is currently Director of the International Institute for Development and Ethics (IIDE) and the International Association for Community Development, to name a few.

“The Faculty of the Humanities is a very large and diverse faculty. It presents a huge leadership and management challenge. I will strive to lead the faculty to a next phase of excellence in terms of quality teaching and learning, research and community-service-learning outputs. It is important that the faculty should grow and develop in such a way that it will be regarded, especially by both outside role players and our partners, as a pivotal asset of knowledge, human and social capital,” said Prof. Botes.

Prof. Botes will commence his duties as dean on 1 March 2009. Prof. Engela Pretorius, Vice-Dean of the faculty, will act as dean in the mean time.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
8 December 2008
 

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