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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 announces its Sportsman and Sportswoman of the Year
2012-10-12

Here are, from the left: Raymond Rhule, Junior Sportsman of the year, Prof. Teuns Verschoor, Vice-Rector: Institutional Affairs, and Jamba Ulengo, Sportsman of the year. Izelle Lategan (Sportswoman of the year) and Tanya Brits (Junior Sportswoman of the year) was not present at the event.
Photo: Leonie Bolleurs
12 October 2012

The University of the Free State (UFS) honoured its top achievers at a glamorous gala dinner in the Centenary Complex on the Bloemfontein Campus on Thursday 11 October 2012. Jamba Ulengo and Izelle Lategan were named the Sportsman and Sportswoman of the year respectively.

The Junior Sportsman and Sportswoman for 2012 are Raymond Rhule and Tanya Brits.

This year the university’s sport stars were honoured in five categories. This includes:

- Sportsman and Sportswoman of the year (everyone that represented South Africa at a senior level, was eligible for the title). The winners each received a trophy and each sportsman and sportswomen in this category were honoured with a medal.
- Junior sportsman and sportswoman of the year. The winners each received a trophy.
- Sport stars that represented South Africa at senior and junior level. The achievers received certificates.
- Sport stars that represented the UFS in the national student teams. The sport stars also received certificates.
- Certificates were also awarded to the KovsieSport club sport stars.

The following students represented South Africa at senior level:

- Nardus Greyling. He represented the SA Athletics Team in the Confederation of African Athletics Senior Championship.
- Boy Soke. He represented the SA Athletics Team in the Confederation of African Cross-country Championship
- Izelle Lategan. She represented the Investec SA Women’s Hockey Team in the Champs Challenge in Dublin, Ireland, in Holland and Belgium and she played for the SA U/21 team against Spain and Belgium. She was also captain of the SA U/21-team during the senior interprovincial championships.
- JVA Steytler. He represented the SA Athletics Team in the Confederation of African Athletics Senior Championship.
- Johan Cronjé. He represented the SA Athletics Team as a 1 500 m finalist in the Confederation of African Athletics Senior Championship. He also participated in the Dessau International meeting in Germany and the Grand Prix meeting in Prague.
 

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