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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

State of our campuses
2016-05-13

16 May 2016: Qwaqwa Campus reopens on Wednesday 18 May 2016

The Qwaqwa Campus of the University of the Free State (UFS) will reopen residences on Wednesday 18 May 2016 from 12:00 for occupation by registered students.

 

12 May 2016: Qwaqwa Campus closed until further notice

Students and staff were instructed to leave the campus with immediate effect.

 

16 March 2016: Investigations into incidents on the Bloemfontein Campus: 22-26 February 2016

Investigations underway into incidents relating to the Varsity Cup rugby match at Xerox Shimla Park and all other criminal acts occurring during protest action

 

04 March 2016: Letter from Emma Sadleir, Social Media Law Consultant

Letter from Emma Sadleir, Social Media Law consultant

 

04 March 2016: Extension of the academic calendar

Academic calendar extended by one week

 

04 March 2016: UFS urges individuals to come forward with evidence

UFS urges individuals to come forward with evidence about incidents on the Bloemfontein Campus last week

 

29 February 2016: Confirmation of the security arrangements on the Bloemfontein and South Campuses for the week

As communicated yesterday, herewith confirmation of the security arrangements.

 

29 February 2016:  Statement by the senior leadership of the University of the Free State

Statement by the senior leadership of the University of the Free State regarding the situation on the Bloemfontein Campus

 

28 February 2016: Academic and security arrangements

Academic and security arrangements on the Bloemfontein and South Campuses for the coming week

 

28 February 2016: Letter to parents

Letter to parents from Prof Jonathan Jansen, Vice-Chancellor and Rector of the UFS

 

28 February 2016: Availability of academic and security arrangements

Information about academic and security arrangements on Bloemfontein and South Campuses will be communicated by 14:00.

 

25 February 2016: UFS management and contract workers reach agreement

Earlier today, the management of the University of the Free (UFS) reached an agreement with contract workers

 

24 February 2016: Kovsies gather in prayer

Kovsie students gathered at the Bloemfontein Campus Main Gate to unite in prayer

 

24 February 2016: UFS Bloemfontein and South Campuses closed from 25 to 26 February 2016

To reopen on Monday 29 February 2016

 

23 February 2016: A statement by Prof Jonathan Jansen, Vice-Chancellor and Rector of the University of the Free State (UFS)

Situation on the Bloemfontein Campus

 

23 February 2016: Situation on the UFS Bloemfontein Campus under control after further disruptions

The safety of students in residences on campus is the major concern for the senior leadership of the university

 

22 February 2016: Varsity Cup rugby match between FNB Shimlas and FNB NMMU Madibaz disrupted

The Varsity Cup match between the FNB Shimlas and FNB NMMU Madibaz was disrupted in the 17th minute when a group of protesters moved onto the field in order to disrupt the match already underway.

 

22 February 2016: UFS Bloemfontein and South Campuses closed from 23 to 24 February 2016

The University of the Free State’s (UFS) Bloemfontein and South Campuses will be closed from 23 to 24 February 2016.

 

22 February 2016: Update on situation on the Bloemfontein Campus

Striking outsourced contract workers have been demonstrating outside the Main Gate of the Bloemfontein Campus

21 February 2016:  Strike by outsourced contract workers on the Bloemfontein Campus

All academic and administrative services will continue as normal.

 

18 February 2016: Protest by contract workers on the Bloemfontein Campus

A group of mostly contract workers protested on the Bloemfontein Campus of the University of the Free State.


25 January 2016: No incidents on the three UFS campuses

Comparative figures still indicate that day-to-day registration compares well with that of 2015.

 

19 January 2016: Campus activities are continuing as normal

Registration process is progressing well 

 

 

 

 

 

 

 

 

 

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