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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

Kovsie Sportsman and Sportswoman of the Year
2011-10-19

 

Thuso Mpuang en Gabisile Hlumbane
Foto: Leonie Bolleurs

KovsieSport honoured its top achievers at a glamorous gala dinner in the Centenary Complex on our Bloemfontein Campus on 13 October 2011.

The KovsieSportsman and KovsieSportswoman of the year were Thuso Mpuang and Gabisile Hlumbane respectively.

Gabisile is a member of the Banyana Banyana National Soccer Team. The team obtained a bronze medal at the African Women’s Championships during October 2010, a gold medal at the Unity Cup Hosted during December 2010, a silver medal at the COSAFA Women’s Championship hosted during July 2011 and qualified for the London Olympics in 2012.

Thuso represented South Africa during the World Athletic Championships in Deague, Korea. He obtained the silver medal in the 200m during the World Student Games in Shenzhen, China and a gold medal as a member of the 4 x 100m relay team.

Pieter Rademan (rugby) and Karla Mostert (netball) were named as the Junior Sportman and Sportwoman of the year, respectively.

Other nominations for this year in the women’s category were:

  • Lesley Ann George (hockey) – Represented the Protea Women’s Hockey Team during the series against China, Belgium and Azerbajan. She was also a member of the Protea Women’s Hockey Team during the Champs Challenge in Ireland. The team finished fifth.
  • Nicole de Vries (hockey) – Represented the Protea Women’s Hockey Team during the series against China, Belgium and Azerbajan. She was also a member of the Protea Women’s Hockey Team during the Africa Cup in Bulawayo.  The team obtained a gold medal.
  • Hettie Oosthuizen (hockey) – Represented the Protea Women’s Hockey Team during the series against China, Belgium and Azerbajan.
  • Izelle Lategan (hockey) – Represented the Protea Women’s Hockey Team during the series against China, Belgium and Azerbajan.
  • Nicole Kemp (hockey) – Member of the Protea Women’s Hockey Team during the Africa Cup in Bulawayo. The team obtained a gold medal.
  • Nelmaré Loubser (triathlon) – Represented the SA Elite Team during the World Championships in Spain.
  • Janette Siebert (athletics) – Represented South Africa during the Southern Africa Championships in Maputo, Mozambique.
  • Elsabe le Roux (karate) – Member of Protea JKA Shotokan Karate team that participated in the Africa Zone 6 Championships in Maputo where she obtained a gold and silver medal.

Other nominations for this year in the men’s category were:

  • Boy Soke (athletics) - Represented South Africa during the Africa Cross Country Championships in Cape Town. He also represented South Africa during the World Cross Country Championships in China.
  • Boom Prinsloo (rugby) – He represented the Springboks in the HSBC Sevens World Series 2010 – 2011.
  • Bruno Schwalbach (karate) – Member of the Protea JKA Shotokan Karate team that participated in the Africa Zone 6 Championships in Maputo where he obtained two gold medals. He was also a member of the Protea JKA Shotokan Karate team that participated in the Common Wealth Karate Championship in Australia where he obtained one silver and two bronze medals. He was a member of the Protea JKA Shotokan Karate team that participated in the All Africa Games in Maputo Mozambique where he obtained a bronze medal.
  • Paul Rodrigues (squash) – He represented the South African U/ 23 team at the All Africa Squash Championships in Johannesburg.
  • Balungile Nchofe (karate) – He was a member of Protea JKA Shotokan Karate team that participated in the Africa Zone 6 Championship in Maputo where he obtained a gold medal.
     

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