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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 students bring warmth to the Bloemfontein community
2013-06-01

 

Michael van Niekerk and Melissa Lucas, prime of Akasia, making up the packages.
Photo: Linda Fekisi
14 June 2013

It goes without saying that winter in Bloemfontein is scarcely pleasant, especially if you do not have the proper clothing. Members of the Kovsie community have taken a step towards giving a helping hand to those in need. Share the Warmth Winter wonder box is a project that was launched by the SRC City Residences and Commuter students to help keep the cold away. Students and staff of the University of the Free State (UFS) donate a package which includes a blanket, beanie, gloves, socks and sweets, to be handed out to the children in need.

Share the Warmth Winter is the brainchild of Michael van Niekerk who is the SRC member in charge of the portfolio. He received the idea for such a project from an initiative he is a part of at Mooiplaas Township. “People make shoeboxes with presents inside for children and hand them out during Christmas. I thought it would be a great idea to share the warmth in winter, especially in the freezing Free State,” he said.

The team managed to collect more than 100 items in just a few weeks. The distribution of the boxes will take place around the Bloemfontein area. Teams will visit shelters, while others will hand out the boxes directly to children in places like Heidedal and downtown.

“I am very delighted by the response and think that this is something that needs to grow bigger and bigger to include the entire Bloemfontein every winter,” said Michael when asked if it is a once-off project. People who would like to bring warmth to the little ones, can still send boxes or packages to the SRC Building or send an email to vanniekerkm@ufs.ac.za for more information.

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