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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

Mathatha Tsedu to deliver King Moshoeshoe lecture
2009-06-29

Mathatha Tsedu 
The former Editor of City Press, Mathatha Tsedu, will deliver the Second King Moshoeshoe Memorial Lecture at the University of the Free State in Bloemfontein on Wednesday, 9 September 2009.

The King Moshoeshoe Memorial Lecture series are an initiative of the University of the Free State to honour the leadership legacy of King Moshoeshoe I, founder of the Basotho nation. The lecture series aim to provide a platform for debate about the key challenges of nation-building, reconciliation and leadership facing our country and the African continent.

In 2004 the UFS produced a documentary on the life of King Moshoeshoe I as part of the project to pay tribute to this great African leader. The documentary was screened numerous times on SABC TV.

Later in 2006, the inaugural King Moshoeshoe Memorial Lecture was delivered by Prof Njabulo Ndebele, former vice-chancellor of the University of Cape Town.

Mr Tsedu is one of South Africa’s foremost journalists and social commentators. He will speak on the topic, “When globalisation ties the fate of the Maluti to that of the ice caps on the Alps, what does Morena Moshoeshoe teach us about leadership today?”

Mr Tsedu has received several awards, including the Nat Nakasa Award for Courageous Journalism in 2000 as well as the Shanduka Lifetime Achievers Award in 2007.

A graduate of the University of the Witwatersrand, he started his career in journalism as a bureau reporter for the Sowetan in 1978 responsible for the then Northern Transvaal. Later Mr Tsedu became Political Editor of the Sowetan, the Deputy Editor of The Star as well as the Deputy Editor of the Sunday Independent and Deputy Chief Executive of SABC News.

He has also been the Editor of two major Sunday newspapers, the Sunday Times and City Press and is currently the Head of the Journalism Academy at the Media24 group.

Mr Tsedu is the Chairperson of The African Editors Forum and a Council Member of the South African National Editors’ Forum (SANEF). He has addressed various organisations on journalism in South Africa, including the International Federation of Journalists; the International Confederation of Free Trade Unions; the Botswana Journalist Association; the Zimbabwe Union of Journalists; the Kenya Union of Journalists; and the Union of African Journalists.

He was an active trade unionist and national executive member of the Media Workers’ Association of South Africa. He was detained several times, banned and restricted to Seshego in the Northern Province from 1981 to 1986.

Mr Tsedu is also a short story writer with several of his stories published in various magazines. He was awarded a prestigious Nieman Fellowship in 1996/97 to study at Harvard University in the United States of America.

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  
29 June 2009

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