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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

Medical screening tests can help detect health risks at an early stage
2013-09-09

09 September 2013

It is once again time for the annual medical screening tests done by the Centre for Health and Wellness, which helps staff at the University of the Free State to watch their health.

All staff members are invited to participate and to find out how healthy they really are.

Dr Anette Prins, Deputy Director of the Centre for Health and Wellness, says their aim this year is to get every staff member to go for a checkup.

“For this reason, the tests will be done on different days and in different buildings. In this way, we take the test to the staff and they don’t have to come to a particular point as was done in the past.”
According to Discovery Health’s Healthy Company Index for 2013, in which the UFS also participated, about half of South African employees suffer from four or more health risk factors (blood pressure, obesity). The worst is that almost 70% of employees in this group believe that they are both fit and healthy. Fifty-three percent of those employees do not go for the essential preventative health checkups.

However, this picture may change as a result of the annual medical screening tests for staff of the UFS, because risk factors such as high blood pressure, cholesterol and high blood sugar levels can be detected at an early stage.

The tests take about 30 minutes per person and include a physical test, as well as an electronic questionnaire. The entire process is very confidential.

This year there are also prizes up for grabs, such as a Nexa Polaris 7.0 tablet and travel bags, during each session.

TIME

Monday
9 September

Tuesday
10 September

Wednesday
11 September

Thursday
12 September

Friday
13 September

09:00 – 12:00 Winkie Direko Building, K139 Agriculture Building, Lecture Hall B and C Physical Resources Hall

Stef Coetzee Building,Committee Room

Agriculture Building, K8
12:00 – 15:30 Flippie Groenewoud Building, Lapa
  • Flippie Groenewoud Building K110
  • 12:00 - 14:00 Main Building K16
George du Toit Building, Large Committee Room (3rd floor)

Francois Retief Building, Reception area

Sasol Library, K 433

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