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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

International success for UFS Professor in Japan
2016-12-07

Description: Professor Solomon in Japan  Tags: Professor Solomon in Japan  

Prof Hussein Solomon from the UFS was recently
appointed as Visiting Professor at Osaka University
in Japan.
Photo: Charl Devenish

He has been involved with the Osaka University for several years, but Prof Hussein Solomon’s recent appointment as Visiting Professor will allow the University of the Free State (UFS) and Osaka to work on long-term issues.

Kovsie academics hold their own internationally

His appointment at the university in Japan came as no surprise as he is a regular teacher to students and leader of seminars to staff. According to Prof Solomon, Senior Professor at the Department of Political Studies and Governance at the UFS, Kovsie academics can hold their own internationally.

The Faculty of Humanities has a memorandum of understanding with Osaka School of International Public Policy (OSIPP), which consists of Political Science, Public Administration, Law and Economics at Osaka University.

Enhancing the universities’ relationship

“I have been involved with Osaka since 2007, initially with their Global Collaboration Center (GLOCOL), focusing on conflict resolution, and then later with OSIPP.”

Although Prof Solomon has been working with Osaka for a while, his appointment will enhance the relationship between the universities.

“We have been cooperating with Osaka for some time, hosting annual conferences, engaging in staff and student exchanges, as well as the establishment of the international centre. This appointment allows us to work on longer-term issues allowing us to chase funding together and deepen our existing linkages,” he says.

UFS doctoral students being jointly supervised

Prof Solomon says that he would like to see the doctoral students from the UFS being jointly supervised. “We already have one of our doctorial students, Alta Vermeulen, who is being co-supervised between myself and Prof Virgil Hawkins from Osaka,” he says.

Prof Solomon was also recently appointed to the board of flagship journal, United Nations Economic Commission for Africa (UNECA).

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