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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

Grant encourages and enables more learners to enter into science-related studies and careers
2009-06-26

 
At the launch are, from the left, front: Consolation Mochusi, Graad 12 learner from Heatherdale Secondary School, Alexander Bergman, Grade 10 learner from Grey College Secondary School, Danél Prinsloo, Grade 11 learner from Eunice High School; middle: Ms Lea Koenig, Coordinator: ICT Laboratory of the Qwaqwa Campus, Prof. Daniela Coetzee-Manning, Director: CED; back: Ms Elna Fourie, Development Planner from SANRAL, Prof. Teuns Verschoor, Acting Rector of the UFS, Mr Cobus van Breda, Project Coordinator: CED and Mr Nazir Alli, Chief Executive Officer of SANRAL.
Photo: Stephen Collett


 

The University of the Free State’s (UFS) Centre for Education Development (CED) has this week launched a project on the Main Campus in Bloemfontein.
to enable and encourage more learners to enter into science-related studies and careers.

The grant of R4,5 million over a period of three years was made by the South African National Roads Agency Ltd (SANRAL). This week’s function was attended by the representatives of the sponsors and the UFS, as well as learners, parents, principals and Physical Sciences teachers of participating schools.

The grant will be utilised to foster a positive attitude towards Mathematics and Science amongst learners in the early school years as well as raising the knowledge and skills levels of learners in the Further Education and Training (FET) Phase. “This will be done through our Family Math and Family Science Programme for younger learners and through e-Education in Science and Mathematics for learners in the FET Phase,” said Mr Cobus van Breda, Project Coordinator at the CED.

About 330 selected Grade 10, 11 and 12 learners from 16 schools in the Free State are attending Physical Sciences and Mathematics sessions during weekdays at the ICT Laboratories on the Main and Qwaqwa Campuses of the UFS. In order to make provision for the needs of generation Y-learners (techno-clever generation), the project envisages to enhance their understanding of Science and Mathematics principles by utilising the advantages of ICTs (Information and Communication Technologies) during the sessions.

On average, learners attend four sessions per term, with one of the sessions a special event like visiting Boyden Observatory, departments at the UFS, etc. Learners will be exposed to about 36 sessions over the three years. Special attention to vocational guidance, in collaboration with the Unit for Prospective Students at the UFS, forms part of the support system of the programme to participating learners.

“Learning is a life-long experience and we must encourage our learners to grab this opportunity to learn more about important fields such as Mathematics and Science. It is a privilege for SANRAL to have this partnership with the CED and the university as it is an indication of our efforts to educate our youth,” said Mr Nazir Alli, Chief Executive Officer of SANRAL.

Mr Alli encouraged learners to grab the opportunity to learn and to make the field of science their career. “Science can be the foundation on which to build your career and this programme can assist you to reach your goal,” he said.

According to Prof. Teuns Verschoor, Acting Rector of the UFS, the SANRAL grant is a wise investment because it is an educational investment. “We cannot cut back on the investments we make in education and SANRAL’s investment in this programme is of benefit to schools and learners in the central region. Through this programme, its bursaries, various career opportunities and ongoing support of schools and universities SANRAL is making a huge contribution to promoting science-related studies and careers in our country,” he said.

Media Release
Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
26 June 2009

 

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