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UFS students excel in the JSE Investment Challenge

23 October 2023 | Story SAMKELO FETILE | Photo SAMKELO FETILE

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

Africa and her diaspora grace the Africa Century International Writers’ Conference

2012-10-30

30 October 2012

Programme (Pdf format)

The Africa Century International African Writers’ Conference, organised by the wRite associates, in partnership with the Department of Arts and Culture, the University of the Free State (UFS) and the SABC, will take place on the Bloemfontein Campus of the UFS from 7 to 10 November 2012.This four-day conference will culminate in the 2012 South African Literary Awards ceremony where winners will be honoured.

The conference is dedicated to the memory and contribution of its special advisor and inspiration, Zwelakhe Sisulu, who passed away in October 2012.

The conference has attracted an array of scholars and artists from around the continent. The African diaspora will be one of the main features of the programme. Keynote addresses, the presentation of papers, dance, visual art, comedy, disc jockeying will all feature the Diaspora.

“This event will also mark the 21st anniversary of the then-OAU (now-AU) declared International African Writers’ Day (i.e. 7th November). The theme of this is: From Resistance to Creative Mediation: Celebrating a Century of Writing and Literary Intellectuals’ Influence On The Liberation Struggles & Political Impact on Literary Discourse and Development”, said Raks Morakabe Seakhoa, Managing Director of the wRite associates and Project Director of the South African Literary Awards and the Africa Century International African Writers Conference.

The patrons of the Africa Century International African Writers’ Conference include; Prof. Kgositsile Keorapetse, Prof. Chinua Achebe, Dr Nadine Gordimer, DrWanguiwaGoro and Dr Hugh Masekela.

“This prospective historical gathering of authors, literary scholars and historians will, as the then-OAU’s Conference of African Ministers of Education and Culture (meeting in Coutonou, Benin, in 1991) resolved, ‘…afford the African people a moment of pause within which to reflect on the contribution of African Writers to the development of the Continent’ ”,Seakhoa added.

He said, “We are delighted at the growth of the prestigious South African Literary Awards, as they are now spreading their wings to inaugurate the Africa Century International African Writers’ Conference and opening up to the continent and Diaspora’s writers.”

Other highlights of this four-day programme include:

An evening with the National Poet Laureate: poetry reading by Prof. Keorapetse Kgositsile and guest poets
Nobel Laureate, Nadine Gordimer discusses her latest work, ‘No Time Like The Present’
Poetry, comedy and performances
Creative writing skills development programme, facilitated by: Prof.KeorapetseKgositsile, Mr Walter Chakela and Dr Oswald Mtshali
Tsebo-Lethabo Primary and High Schools programme
Books, art & crafts and clothing exhibitions and more

For more information,visit www.africacenturyconference.org or www.sala.org.za

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