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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

Wayde nominated with SA’s best
2015-11-04

      
Wayde van Niekerk sweating on
Pellies Park at the University of the Free State
Bloemfontein Campus.
Photo: Charl Devenish

The Kovsie athlete Wayde van Niekerk’s dream year is not over yet.

The University of the Free State’s golden boy was nominated in two categories of the SA Sports Awards in Johannesburg on 3 November 2015 . The winners of the tenth SA Sports Awards will be crowned in Van Niekerk’s home town, Bloemfontein, on 22 November 2015.
  
For the awards, sports stars are being judged on their achievements between 1 September 2014 and 30 September 2015.

The 23-year-old Van Niekerk was nominated as Sportsman of the Year and in the People’s Choice category.

One of three with two nominations

Van Niekerk is one of three sports stars nominated for two awards. The other two are the swimmer, Chad le Clos (Sportsman of the Year and People’s Choice), and the cyclist, Ashleigh Moolman-Pasio (Sportswoman of the Year and People’s Choice).

In the category Sportsman of the Year, Van Niekerk was nominated with Le Clos, and the mountain biker, Greg Minnaar.

He will compete against the Protea cricket player AB de Villiers, Moolman-Pasio, Le Clos, and the wheelchair tennis player, Lucas Sithole, for the People’s Choice Award.

After enjoying a dream year, Van Niekerk was named on 21 October 2015 as KovsieSport’s Sportsman of the Year for a third consecutive year.

In August, he won the 400 m at the World Championships in Beijing in a time of 43.48 s. His winning time was the sixth fastest in history, with only three athletes achieving better times.

NBC Olympics, a division of the American broadcasting network NBC, recently filmed a special insert on him at the UFS Bloemfontein Campus. The insert will be screened in the build-up to, and during, the 2016 Olympic Games in Rio de Janeiro.

Vote for Wayde


Supporters have until 21:00 on 22 November 2015 to vote for their favourite sports stars, by sending an SMS at the cost of R1,50 to 45210.

To vote for Van Niekerk in the category People’s Choice, send an SMS with the letter E to 45210.

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