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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

Strengthening ties with Belgium ally
2013-10-31

 

From the left are: Prof Dr Johan Meeusen signing the agreement with Prof Nicky Morgan, Vice-Rector: Operations.
Photo: Hannes Pieterse
31 October 2013

The UFS signed a formal agreement with the University of Antwerp, strengthening the two institutions’ existing collaboration. Prof Dr Johan Meeusen, Vice-Rector and Professor of European Law and Private International Law at the University of Antwerp, visited the Bloemfontein Campus to sign the agreement. This arrangement will ensure that the two institutions work in close conjunction on research and additional projects.

Dineo Gaofhiwe-Ingram, Assistant Director: Internationalisation, says the new relationship between the two universities will have a strong research focus. "It’s evident and known that we want to become a research-intensive university.” She emphasises that the relationship with Antwerp as well as partnerships with a variety of other institutions are crucial. These will ensure that young emerging scholars, like those taking part in the Vice-Chancellor's Prestige Scholars Programme, are exposed internationally during their development. “We hope that some of the scholars in the new cohort of the PSP will be able to find scientists to host them at Antwerp," Gaofhiwe-Ingram adds.

In addition, she explains that this formal agreement will augment pre-existing collaborations with the Unit for Language Facilitation and Empowerment, as well as the Centre for Health Systems Research and Development. It will also open up cooperation between other faculties and disciplines. “Through Eurosa/Erasmus Mundus Project, which awards scholarships to South African students and staff to study in Europe, the 2014 project will now also award scholarships to European students and staff to come and study in South Africa,” Gaofhiwe-Ingram announced.

The University of Antwerp is one of the European associates that participates in the Leadership for Change Programme and hosted a group of first-year Kovsie students during 2011. In 2012, representatives from the University of Antwerp attended the Leadership Summit presented on the Bloemfontein Campus. Another group of first-year students from the UFS took part in this year’s programme.

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