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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 Alumni honours five Kovsie Alumni
2009-08-26

 

 
Prof. André Venter and Prof. Johan Grobbelaar
Photo: Supplied

The sought-after Kovsie Alumni Awards, which are awarded to alumni of the University of the Free State annually, will be presented to five Kovsie alumni at a gala award dinner on Friday, 4 September 2009.

UFS Alumni nominated Mr Gert Grobler as the 2008/09 Kovsie Alumnus of the Year. Dr. Gert Marincowitz and Sekoati Tsubane (Kabelo in 7de Laan) will receive the Kovsie Alumni Cum Laude Award. Prof. Johan Grobbelaar, Senior Professor at the Department of Plant Sciences and Prof. André Venter, Chief Specialist at Paediatrics and Child Health, will both receive the Kovsie Alumni National Executive Award. These awards are presented annually to honour alumni for their excellent achievements and contributions towards the UFS.

The Kovsie Alumnus of the Year Award is presented to a Kovsie alumnus with outstanding achievements at national and international level. Mr Grobler receives this award for his role as ambassador for South Africa in Japan and the significant role that he played in initiating various structures and bilateral mechanisms to improve South Africa’s relations with various countries actively. His expertise, knowledge and passion for the diplomatic service and direct mediation and involvement in the establishment of various projects abroad are evidence of his dedication.

Dr. Marincowitz, who has also been honoured as RUDASA’s Rural Physician of the Year, receives the Kovsie Alumni Cum Laude Award for his contribution to the promotion of primary health care in rural areas in Limpopo and for his role in sensitisation towards HIV care in these communities. The Cum Laude Award is given to an alumnus for outstanding service or achievement at local, national or international level in his/her specific professional field.

With his portrayal of the character Kabelo Padi in the Afrikaans soap 7de Laan, Mr Tsubane has distinguished himself in a highly competitive market. His impressive presence in portraying this character makes him a factor to be reckoned with in the world of entertainment.

Prof. Grobbelaar is honoured for his contributions, which put the UFS in the forefront, especially in the field of research, leading research expeditions to Marion Island and research in the Amazon, as well as the establishment of the first commercial algae-biotechnological plant in Africa at Muzina. His phenomenal leadership role in salary negotiations, his transparent and inclusive management style and the incredible way in which he empowers people to fulfil their tasks at the UFS also makes him a worthy recipient of the award. Under his leadership, UVPERSU has grown into the majority and representative union on campus.

Prof. Venter is also honoured for his outstanding service delivery to the UFS over the years and the exceptional way in which he has developed the Department of Paediatrics and Child Health to be one of the prestigious departments in the country. In the field of paediatric neuro-development, he dramatically improved the lives of children with attention-deficit hyperactivity disorder. He has also played a major role in generating money to acquire equipment to improve intensive-care facilities in the paediatric unit in particular. He has been honoured by the International Biographical Centre in Cambridge as one of the Great Lives of the 21st Century and is a finalist for the Bloemfontein of the Year 2009 award.

Everyone is welcome to attend the Kovsie Alumni Gala Award Dinner that will be held in the Reitz Hall of the UFS Centenary Complex. Various talented Kovsies will appear as guest artists. The cost of R120 per person includes a three-course meal. If you are interested in attending the dinner, contact Annanda Calitz at 051 401 3382 or ficka.stg@ufs.ac.za.

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

 

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