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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

One from UFS elected as Vice-President of ASAQS
2015-04-20

Stephen Ramabodu and Dr Marléne Campbell, Stephen’s promotor during his studies.
Photo: Leonie Bolleurs

The university is very proud of the election of Dr Stephan Ramabodu, from the Department of Quantity Surveying and Construction Management, as Vice-President and the chairman of the fees committee of the Association of South African Quantity Surveyors (ASAQS).

ASAQS aims to advance and promote the science and practice of quantity surveying, uphold the dignity of the quantity surveying profession, and promote the high standards of professional competence and integrity, among other things. Members of the ASAQS receive guidance and resources to succeed in quantity surveying, and to stay abreast of developments in the built environment today and in the future.

The ASAQS also provides an environment in which professionals may learn, grow, and work together to advance the techniques and science of quantity surveying. The ASAQS include quantity surveying professionals from every area of the construction industry, from private practice, government and quasi-government organisations to construction companies.

Stephan completed his quantity surveying (QS) degree as well as a master’s degree in Land and Property Management at the University of the Free State. In 2014, he completed his PhD, making him the first black South African PhD holder in the Department and one of the few QS PhD holders nationwide. 

In 2002, Stephen was appointed as a lecturer in the Department of Quantity Surveying and Construction Management under a programme called Grow Your Own Timber. He went to gain some commercial experience in Cape Town, where he worked for Davis Langdon. In 2008, he came back to the Free State, where he established Ramabodu & Associates Later that year, he returned to the university as a lecturer to complete all the remaining milestones of the Grow Your Own Timber programme.

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