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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 Kovsie friend in need is a Kovsie friend indeed
2015-09-23


Several student organisations have recently started
initiatives to lessen the burden on needy students,
and on the broader community. It is because of
these initiatives that donations of food, commodities
and clothes reached the No Student Hungry (NSH)
Bursary Programme at the University of the Free State.

Photo: René-Jean van der Berg

Kovsie students have often showed that a friend in need is a friend indeed. Several student organisations have recently started initiatives to lessen the burden on needy students, and on the broader community.

It is because of these initiatives that donations of food, commodities and clothes reached the No Student Hungry (NSH) Bursary Programme at the University of the Free State.

The Rag Community Service and NSH offices are extremely grateful to students and staff for their selfless donations, also in respect of the difference these initiatives are making to Kovsies’ chances of having a better future.

The food and commodities will be distributed to the community, while the clothing donations are used for regular clothing sales in order to raise funds.

The food donations included a substantial donation from the support organisation, Gift of the Givers. The organisation heard about the NSH Bursary Programme and, due to the scope of the student-hunger problem, decided to become involved.

“This is an excellent initiative, and the passion with which it is driven motivated us to make a donation,” said Ms Emily Thomas, representative from Gift of the Givers.

Ms Karen Scheepers, Assistant-Director: Student Life responsible for Rag Community Service, said the recent donations and initiatives are proof that the Kovsie community really cares for each other.

“I found it amazing how willing students were to help and to give. From the moment we asked for help, students arrived at our offices with loads of stuff.”

 

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