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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

Two Kovsies in SA Netball team for World Student Games
2016-04-18

Description: Lauren-Lee Read More Tags: Lauren-Lee Read More

Lauren-Lee Christians became the 12th Protea from the University of the Free State in 2015. She will play for the South African Universities Netball team in America during July.
Photo: SASPA

Two students from the University of the Free State (UFS), Lauren-Lee Christians and Karla Mostert, were selected for the South African Universities Netball team.

The team, with eight Proteas in its ranks, will be in action at the World Student Games in Miami, USA, from 13 to 17 July 2016.

Among the criteria for selection is that participants should not be older than 27 years in 2016, and they should have been students last year.

The South Africans, who came in second during the inaugural tournament in Cape Town four years ago, will be difficult to beat this time. A total of 12 countries will compete for the title of student champions.

Mostert part of previous successful team

Mostert was one of five Kovsies playing for this team in 2012, when South Africa lost 49-53 to Britain in the final. This came after the score was even at the end of regular play.

Mostert was also one of the two best players for the Proteas at the World Cup last year. Christians just missed out, and had to be content with being a non-travelling substitute after she became the 12th Protea of the UFS earlier in 2015.

Four from UFS in Cucsa squad

Meanwhile, four other of their teammates - Rieze Straeuli, Tanya Mostert, Kgomotso Mamburu, and Alicia Puren - were included in a provisional squad of 15 players to compete for the South African student team at the Cucsa Games (Southern African Student Games). This squad will soon be reduced to the 12 players who will represent their country in Bulawayo, Zimbabwe, from 1 to 6 August.

No Protea can be selected for this student team. A fifth Kovsie, the goal shooter, Dénielle van der Merwe, was also selected for the initial squad, but had to withdraw due to a serious leg injury.


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