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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

Medical students enrich lives through community service project
2016-03-18

Description: 2016 03 18 Outreach  Tags: 2016 03 18 Outreach

A group of third-year medical students organised a fun day for Ons Kinderhuis as part of their community service project.

As part of their curriculum, third-year MBChB students are required to complete a community service project in collaboration with a specific NGO in Bloemfontein. Not only do these projects serve an academic requirement, but also echo the spirit of service and compassion emblematic of the Human Project of the University of the Free State (UFS).

 

One group of students chose to pour their time and care into Ons Kinderhuis–home to 100 children with special needs. Since their involvement, these medical students have helped improve the home’s facilities and also hosted various fun days for the staff and children.

 

The latest fun day was celebrated on Saturday 12 March 2016. The festivities were kicked off in the morning by a game of soccer using the brand-new goal posts recently built by the medical students. It was difficult to decide who were more excited – the children or the staff – when some of the Cheetah rugby players joined the event. A slippery slide came in handy to wash off sticky hands and mouths and for little bodies with lots of energy the jumping castle was a perfect answer. Faces were painted and a banner created while music and the smell of the braai floated into the autumn air.

 

“I couldn't help but be proud of my team and thankful for this opportunity,” said Willem Potgieter, one of the student volunteers. Seeing the smiles on the children’s faces made it all worthwhile. “It was truly a humbling and a great learning experience for each and every one of us,” Willem said.

 

This group of medical students consist of Burger Oosthuizen, Marié Engelbrecht, Lourens Badenhorst, Dirki Wessels, Roodt Ehlers, Shirley-Louise du Plessis, Mariet Geldenhuys, Louise-Mari Zietsman and Willem Potgieter.

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