Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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 appoints Director: KovsieRugby
2012-10-16

Michael Horak.
Photo: Johan Roux
16 October 2012

Mr Michael Horak has been appointed for a three year term by the UFS as Director: KovsieRugby. He began working at the university on 1 October 2012.

Mr Horak’s involvement in and experience of Super Rugby coaching, his working relationship with the Free State Rugby Union, his understanding of coaching structures and systems, as well as his knowledge of Kovsie players and present structures made him the obvious choice. He is also well positioned to see to it that the Shimlas are prepared for the next Varsity Cup tournament, which begins in February 2013.

His career includes the position of General Manager of the Cheetahs and Rugby Affairs at the Free State Rugby Union, a defence coach in Super Rugby, as well as senior Currie Cup teams and a rugby consultant for Grey College and Windhoek Gymnasium.

Some of his responsibilities as Director of KovsieRugby include the coaching of the Shimlas (head coach); the planning, development, management and implementation of a coordinated coaching and rugby programme throughout all sections of the UFS Rugby club; the development and implementation of innovative coaching techniques and methods in regards to players; as well as the development and implementation of a medium and long term strategy for the recruitment and retention of players that will be approved by the university to make success possible.

On his vision for rugby at the UFS, Mr Horak says: “It is a great privilege for me to be involved with KovsieRugby. Good work was done by Mr Jaco Swanepoel that I would like to take further to give players the best chance to be successful. Winning is what it is about and I am really looking forward to the challenges that lie ahead for all of us. My coaching team of Quintin Kruger, Hendro Scholtz and Barry Goodes is incredibly motivated to serve Shimlas rugby and to achieve success. We hope that everybody will support us and we are looking forward to seeing everybody at Shimla Park when the Shimlas win!”

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept