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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

A silver for Wayde van Niekerk at Commonwealth Games
2014-08-04

 

Wayde van Niekerk (far right) - our Kovsie hero at Commonwealth Games
Photo: Getty images
UFS athlete Wayde van Niekerk proved himself as a world-class contender yet again. He grabbed silver in the 400 m sprint at the 2014 Commonwealth Games in Glasgow on Wednesday 30 July 2014.

Van Niekerk, who achieved a time of 44.68 sec in this race, took the lead at the first bend and held onto this position through the back straight before Kirani James of Granada pulled away over the final 150 m.

Lalonde Gordon of Trinidad and Tobago came third with a time of 44.78 sec.

This Commonwealth silver medal sees the Bloemfontein athlete’s magnificent year come full circle. Earlier this year, Van Niekerk broke the 15-year-old national record at the Diamond League meeting in New York with a time of 44.38 seconds.

Another star from the Free State, former Kovsie Kate Roberts, who took part in the mixed triathlon relay at the Commonwealth, also pocketed a silver medal. Her team mates were Richard Murray, Henri Schoeman and Gillian Sanders.

In addition, Neil Powell – Shimla Rugby alumnus from 2001 – played a central part in obtaining a gold medal at the Commonwealth Games. Powell is the coach of the Springbok 7s team that placed first at the Games in July 2014. 
 
On a more local level, Kovsie alumnus and SA athlete, Johan Cronje, was nominated for the Sportsperson of the Year. You can vote for him by sending ‘SPORT 4’ via sms to 43043.


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