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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

5 things you might not know about Elizabeth Molapo: Miss SA 2016 finalist
2015-11-20

Kovsies’ own beauty queen, Elizabeth Molapo

Elizabeth Lihotetso Molapo is a final-year BCom Economics student at the University of the Free State. The impeccably-beautiful 23-year-old is the only Bloemfontein representative among the top 12 contestants who have their eyes fixed on the Miss South Africa 2016 crown.

You might not know that:


1. Elizabeth was named after Queen Elizabeth 2, with whom she shares a birthday. Her middle name, “Lihotetso”, translates as “Fire”. Suffice it to say, her burning desire to learn - the pull factor for her embarking on the Miss SA 2016 journey - is a manifestation of her fate.

2. This is not her first time in the Miss SA competition. Last year, Elizabeth gave the Miss SA competition a try but unfortunately did not make very far.

3. Her childhood dream was to become a pediatrician. Economics won when she had to shadow at a hospital when she was in high school, and was horrified at the sight of blood. Elizabeth then decided: “This isn’t for me!”

4. “Enter Miss SA,” she recalls Rolene Strauss saying. The former Miss SA and current Miss World encouraged her to follow her dreams, and to aim for the most prestigious tiara in the country.

5. The last book she read was Redeeming Love by Francine Rivers. It is also the next one she might read, as she has read it three times already.

Other Kovsies who have made strides in the beauty pageant realm include Rolene Strauss who was crowned Miss SA 2014 and Miss World 2015. Earlier this year, Relebohile Kobeli was also crowned Miss Lesotho 2015 and is now en route to Miss World International 2015 in China.

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