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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

Students learn how to prepare for the workplace
2013-10-18

Attending the information session were, from the left: Shelagh Foster and Phiwe Mathe, SRC president of the Bloemfontein Campus. 
18October 2013
Photo: Johan Roux

  Your First Year of Work: YouTube video

Getting a foot in the door with potential employers is a struggle for the inexperienced, more so for fresh out of school graduates who don't know how to put a CV together, can’t spell or dress properly when meeting employers. 

Launching her book Your First Year of Work: A Survival Guide, communications expert Shelagh Foster highlighted  these facts and others during an information session on the Bloemfontein Campus. Students who attended gained a wealth of information from her and Prof Jonathan Jansen, Vice-Chancellor and Rector, who shared tips on how to prepare for the workplace and be successful in their job search. 

Shelagh explained how a request from a graduate to do an internship at Media Online, where she had formerly worked as editor, made her decide to teach jobseekers the basics of verbal and written communications. She told the audience that the e-mail request from a female student, was littered with mistakes and left her with questions such as "what if she is really smart, has something to offer the company, but just don't know how to send an e-mail?" 

Practical advice she gave, include dressing properly for a job interview, knowing who you communicate with when addressing an e-mail, as well as finding out as much as possible about the company you are applying to. 

* Your First Year of Work: A Survival Guide  addresses the unwritten codes that exist in the workplace that need to be understood by interviewees and new employees battling to get ahead once they've finished with matric or university. 

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