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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

Thinking stone artist on his way to Italy
2015-04-29

Willem Boshoff

Professor extraordinary at the UFS Department of Fine Art, Willem Boshoff, together with other South African artists, will represent the country next month at the Venice Biennale.

The 56th Biennale takes place between 9 May and 22 November 2015. It is regarded as the world’s most important art event, with 53 countries taking part. This year the artists will take part in the exhibition entitled What remains is Tomorrow, which will take place in the Arsenal complex in the Italian city of Venice, where it will be on view.

Boshoff was responsible for one of the sculptures known as the Thinking Stone, that may be seen in the middle of the Bloemfontein Campus, in front of the Main Building and next to Red Square.

This work consists of a 32-ton black granite block excavated from the Boschpoort stone quarry in Belfast, Mpumalanga. The block has engravings that are copies of the prehistoric rock paintings (also known as petroglyphs) from Driekopseiland (a prehistoric rock art area near Kimberley). Together with the engravings, on the front of the block, there are sand-blasted inscriptions in six languages of verses and well-known quotations that refer to the word “rock”. These inspire further thought and contemplation. Boshoff has created similar works, including Children of the stars, situated at the Cradle of Mankind.

Boshoff is also known for very innovative and conceptual works, and has created various public artworks, both nationally and internationally. His work includes commissions from the University of Johannesburg, The Constitutional Court, the Mpumalanga Legislature in Nelspruit, and South Africa House in London’s Trafalgar Square.

His work focuses regularly on relationships and social interaction. Generally, they are also the subject of subsequent discussions.       

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