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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

More than 500 to graduate this summer
2015-11-30

A total of 544 graduates will walk across the stage to collect their hard-earned qualifications at this year’s Summer Graduation on the Bloemfontein Campus.

A total of 106 Master’s Degrees and 39 Doctorates will be conferred by all seven faculties of the University of the Free State (UFS). About 231 pre-graduates are expected from the Faculty of Health Sciences. The School of Open Learning will proudly award 122 Diplomas and 46 Certificates.

Prof Busisiwe Rosemary Bhengu, Chairperson of the South African Nursing Council, will be the guest speaker for the day.

About the guest speaker

Prof Bhengu holds a PhD in Nursing, and is an Honorary Associate Professor at the University of KwaZulu-Natal (UKZN). From 2008, Bhengu has headed the UKZN School of Nursing.  She has supervised and co-supervised several PhD and Master’s students.

In addition to teaching Critical Care Nursing at both local and international levels, Bhengu was responsible for the development of the Nurse Specialist syllabus at the university. Her contributions to the field reach as far as the United Arab Emirates, Kenya, Tanzania, Eritrea, Rwanda, and Seychelles, where she pioneered course development and implementation for critical care nursing in the curriculum for Nurse Anaesthetics in Rwanda.

Other leadership positions held by Prof Bhengu include directing the World Health Organisation Collaborating Centre in the UKZN School of Nursing between 2008 and 2011; representing the Afro-Region at the Executive Committee of the Global Network; chairing the Professional Conduct Committee; and the Laws, Practice and Standards Committee. She has published many papers internationally.

A musical prelude

The Sonnedou residence Kleinser group will deliver a few musical items for the graduates, friends, and family.

Details of event

Date:
Thursday 10 December 2015
Time:  08:00am and 14:30pm
Place: Callie Human Centre, Bloemfontein Campus

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