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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

Former architecture student takes part in Archiprix in Moscow
2013-06-24

Jurie Swart in Moscow.
24 June 2013

 

“I am proud that I could honour the UFS’ name,” says Jurie Swart. He participated in the prestigious Archiprix in Moscow in May 2013.

Archiprix is an international competition where the world’s top architecture students are selected. Architecture departments, schools and faculties of 1 500 universities from 78 countries worldwide are invited to enter their top master’s students over two study years.

In 2012, Jurie Swart was honoured as regional winner of the Corobrik Architectural Student of the Year Award and also received an honourable mention in the 2012 International Graduate Architecture Projects.

After several months of careful evaluation by a panel of five experts, his thesis, Borderline – mediated landscape, A water research centre for the University of the Free State, Qwaqwa Campus, was nominated as one of the world’s 25 master’s projects to take part in the Archiprix in Moscow. His thesis was also on display at the Central House of Artists in Moscow for a couple of months.

The judges were Yuri Grigoryan (architect and director of the Moscow-based Project Meganom, as well as director of educational programmes at the Strelka Institute in Moscow); Susan Herrington (professor of architecture and landscape architecture at the University of British Columbia in Vancouver, Canada); Kristin Jarmund (architect and director of the Norwegian-based Kjark, an architectural house); Hubert Klumpner (architect, director of the Venezuela-based Urban-Think Tank, and professor of architecture and urban design at the ETH, Zürich ); and Lesley Lokko (architect, academic and author from the UK).

Jurie Swart was selected as the participants’ favourite. “From the top 25, seven winners were announced, and although I didn’t win, it is still an amazing achievement and I am proud to have honoured the university’s name,” he said.

During his visit to Moscow, he also attended a workshop with the rest of the nominated students. This project, with the theme Railroads, was an exercise to help solve Russia’s transport problems.

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