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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

Sought-after title warms heart doctor’s heart
2013-10-02

02 October 2013

Prof Stephen Brown was recently named as Ons Stad’s Bloemfonteiner of the Year, a title Prof Brown views as “one of the greatest moments” of his life.

Prof Brown, a cardiologist in the University of the Free State’s (UFS’) Department of Paediatrics and Child Health, has dedicated his life to children’s hearts ever since he qualified as paediatrician.

He is also involved in the teaching of under- and postgraduate students, as well as the training of doctors in paediatric cardiology. He is also jointly responsible for the planning and compilation of the undergraduate training programme for final-year students.

“This title is truly one of the greatest moments of my life. I feel humbled and impressed by the quality of the nominations for the title, which makes me feel small among the others.

“As physician I appreciate it even more, because this award means that the people of our wonderful city value the achievements and work of the doctors in our city – this warms my heart.”

Under Prof Brown’s leadership, Bloemfontein’s Paediatric Cardiology Unit is the only certified and recognised unit for pulmonary-valve implants in Africa.

The development of a local prenatal fetal heart screening and diagnostic programme, as well as adult congenital heart clinics, is due to his work and passion for his study field.

At the World Congress in 2013, he was involved as operator from South Africa in the first ‘direct telecast’ of children’s heart procedures.

“I hope that the award will help in our campaign to raise awareness in the community about children’s heart diseases.  They are, after all, the people I work for."

The UFS also congratulates Sheri Brynard on her nomination for the title. Paul Colditz, the winner for 2012, is also a UFS Board member.

 

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