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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

Paying homage to a music maestro
2013-10-08

 

08 October 2013
Photo: Supplied

American singer, songwriter, composer and actor, Thomas Alan Waits (1949–), has been a major inspiration to artists, musicians, poets, writers and thinkers for almost 40 years. He is considered as one of the godfathers of grunge and poetic rock and is a master of contemporary narrative –able to weave emotion and intrigue into his stories of urban grit and rural abandonment. His sometimes jaundiced view of the underbelly of society serves as a rich source of visual imagery.

The Johannes Stegmann Art Gallery is celebrating this vanguard with the exhibition Tom Waits for No Man.

Gordon Froud, artist and senior lecturer at the Department of Visual Arts at the University of Johannesburg (UJ), curated and toured with the Leonard Cohen exhibition entitled Altered Piecesin 2011 and 2012. Due to the success of that exhibition, Froud decided to extend his curative activities in the direction of Tom Waits.

This exhibition is based on a roughly LP-sized circular format (30cm in diameter). Most works hang on the wall, but some artists that preferredto work in 3D, made use of the disc as a base or platform on which to build. There was no restriction on materials or approach. There was no process in selection of songs and each artist was free to use whichever lyric or section of lyrics that they choose (even if someone else had selected this too – artists seldom come up with the same solutions).

The exhibition was launched at the ABSA KKNK in April 2013 and has travelled to the UJ Art Gallery and Grande Provence Wine Estate for the Literary Festival.

The exhibition is on display at the Johannes Stegmann Art Gallery until 25 October 2013.

Gallery hours: 08:30 – 16:30, Monday – Friday

Enquiries: +27(0)51 401 2706 | dejesusav@ufs.ac.za

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