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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

‘Your capacity for change is limitless’
2013-09-13

 

Ready for the world - students taking part in the 2013 Leadership for Change programme getting ready to travel to universities in the USA, Europe and Asia.
Photo: Johan Roux
12 September 2013

 “You will change this campus, city, country, continent and the world, because you have the capacity for greatness,” Prof Jonathan Jansen, Vice-Chancellor and Rector of the University of the Free State (UFS), said.

He addressed the 2013 group of first-year students in the Leadership for Change programme at a farewell function before they will leave for universities abroad. The first 104 students from the 2013 total of 144 will depart on 18 September and return on 3 October 2013. The second group of 40 students will be abroad from 11 to 25 January 2014. The students are from the Bloemfontein and Qwaqwa Campuses. They will be accompanied by mentors from the UFS.

The students will visit 17 universities in the USA, Europe and Asia.

The first 71 first-year students in the Leadership for Change programme were sent abroad for two weeks in September 2010 to get intense exposure to the academic, social, cultural and residential lives of students in the USA. In 2011 the student number more than doubled and universities in Europe were included. In July 2012 the programme brought students from around the globe to the UFS for the Global Leadership Summit.

Prof Jansen inspired the young leaders, saying, “If you learn leadership values in your four years of study, a change will come. Build the new value system and take it into the country. Your capacity for change is limitless.”

He encouraged them to learn to know the stranger, not only abroad, but also the beggar at the street corner. “Learn to be comfortable with the beggar, as well as with the professor in the classroom.”

A stringent evaluation and training programme preceded the group’s visit abroad, and Prof Jansen could not formulate their achievement better: “I cannot tell you how proud I am of you.”

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