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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 Vista campus elects SRC
2005-08-25

 

Front from left:Ms Mpule Rabele, Finance; Mr Julius Kompi, President; Ms Buyiswa Nyotho, Vice-President; Back from left: Mr Tshepo Mohotsi, Academics and Transformation; Mr Shimane Mokwena, Sport, Arts and Culture ; Mr Maje Mokhutle, Projects and Community Liaison; Mr Teboho Mtimkulu, Secretary-General; Mr Andile Tyobeka, Constitutional and Legal Affairs;
 

Mr Julius Kompi, a senior LLB-student, has been named as the president of the Student Representative Council (SRC) at the Vista Campus of the University of the Free State (UFS) in Bloemfontein.

The election of a SRC for the Vista Campus of the UFS for the term 2005/2006 was completed earlier this week.

After the main campus, the Vista campus is the second of the UFS three campuses to have completed its SRC election process.  Students at the Qwaqwa campus of the UFS will elect a SRC on Friday 26 August 2005.

“The Main Campus SRC and the Vista Campus SRC elections were a resounding success and were conducted in a peaceful manner.  We are positive that this tendency will continue in future,” said Dr Ezekiel Moraka, Vice-Rector:  Student Affairs at the UFS.     

According to Dr Moraka the election process on the Vista Campus was closely monitored by the Independent Electoral Commission (IEC).  More than 50% of the students on campus took part in the election.   

A central SRC that represents the three campus SRCs of the UFS was inaugurated earlier this month. The officials of the Central SRC will be chosen after all three campuses have elected a new SRC.

Media release
Issued by:  Lacea Loader
   Media Representative
   Tel:  (051) 401-2584
   Cell:  083 645 2454
   E-mail:  loaderl.stg@mail.uovs.ac.za

25 August 2005
 

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