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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

UFS establishes Centre for Education Development
2007-09-26

At its meeting on 14 September 2007 the Council of the University of the Free State (UFS) took a number of key decisions on matters recommended by the Executive Management of the university for its consideration or approval.
 
The Council gave the green light for the merger of the Section Upgrading of Education (School of Education) and Research Institute for Education Planning (RIEP) to create a single unit for education development. The qualifications and courses currently offered by these two units will henceforth be offered by the newly formed unit. The new unit will be known as the Centre for Education Development.
 
Under this new dispensation, amongst others, the functions of the unit will be extended to include other in-service training of teachers and empowering courses and qualifications as well. Some of the existing RIEP courses will be converted into credit-bearing short courses in more learning areas than are presently available, and that the focus will also be on offering short courses as the need may arise. Research will become a prominent function of this new unit.
 
The Council has also approved the reinstatement of the Department of Genetics as a stand-alone department. Currently Genetics is a sub-discipline of Plant Sciences. Its reinstatement as an independent department will have several advantages for the Faculty of Natural and Agricultural Sciences, as well as the university, namely:
 
- with its own identity, Genetics as a subject will attract more students, through which the UFS will be able to get more subsidies.
- postgraduate students who leave the university for others will have an incentive to stay.
- researchers in Animal Genetics and Behavioural Genetics will be able to fulfil their full role.
- service delivery to the industry will result in the generation of third-stream income.
 
The Council also extended the terms of office of the Dean of the Faculty of Law, Prof Johan Henning, and that of the Director of Finance, Mr Chris Liebenberg, for a further five years each.
 
The Council further appointed Dr Elias Nyefolo Malete as the Campus Principal of the UFS Qwaqwa Campus for a term of three years. Dr Malete has been acting in that position prior to his appointment.
 
Other matters involved the condonation of the Council’s 1995 resolution to sell the Hertzog House in Goddard Street in Bloemfontein, and the approval of the sale of another house in Biddulph Street in Harrismith.
 
Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt.stg@mail.ufs.ac.za
26 September 2007

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