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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

Kovsies honours its sport stars
2009-10-28

 

Heinrich Brüssow and Elzet Engelbrecht were respectively named Sports Man and Sports Woman at the University of the Free State's (UFS) Sports Dinner. At this event were, from the left: Judge Faan Hancke, Chairperson of the UFS Council, Elzet Engelbrecht, Prof. Jonathan Jansen, Rector and Vice-Chancellor of the UFS, and Heinrich Brüssow.
Photo: Leonie Bolleurs

Heinrich Brüssow, Springbok and Cheetah rugby player and Protea netball player Elzet Engelbrecht were named Sports Man and Sports Woman of the year respectively at the University of the Free State (UFS).

The UFS honoured its sports stars during the annual Kovsie Sports Dinner that was recently held at Ilanga Estate in Bloemfontein with the theme: Striving towards excellence.

The rugby player, Lionel Cronjé and Mari-Lise Linde who was included in the training group of the SA netball team as well as in the U/21 World Cup team were named junior sport stars.

Prof. Jonathan Jansen, Rector and Vice-Chancellor of the UFS, was the guest speaker at this event. Addressing KovsieSport staff and Kovsie sports stars Prof. Jansen highlighted the benefits of sport. According to him sport is a great way to build bridges between people. “When we excel in sport we will also build the university’s image. Sport is also a wonderful way to build self confidence,” he said.

The following persons received ABSA awards in their different sporting codes:

Thandi Malindi: Athletics
Johan Cronjé: Athletics
Odie Swart: Hockey
Jaco Fourie: Hockey
Elzet Engelbrecht: Netball
Obus Pienaar: Cricket
Arné Grobbelaar: Rugby
Karin Coetzee: Tennis
Reon Henning: Tennis
Gabisile Hlumbane: Soccer
Thabiso Moloi: Soccer
Sara Shannon: Swimming an overall disabled sports star

Other awards were made to:
Mr James Letuka: Executive member of the South African Sport Confederation and Olympic Committee.
Ms Nomsa Mahlangu: Executive Committee member of the South African Football Association.
Mr Frans van der Watt: Executive Member of the South African Hockey Association.
Mr Mickey Gordon: Convener of the national ladies hockey team for the South African Hockey Association.
Mr Braam van Wyk: Convener of the national U/21 ladies hockey team for the South African Hockey Association.

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

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