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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

Meet our Council: Christo Dippenaar, 'n oud-Kovsie vir oud-Kovsies
2016-12-26

Description: Christo Dippenaar, council member Tags: Christo Dippenaar, council member 

Christo Dippenaar, former Kovsie
and current UFS councillor.
Photo: Johann Roux


Christo Dippenaar knows the University of the Free State (UFS) very well. He started his studies at the UFS in 1992 and later obtained a BProc degree. During his years at university, he was Prime of Hendrik Verwoerd Residence (1994), served on the Student Representative Council in the portfolio Men Intern (1995), and in the following year he was Deputy President of the Student Representative Council. He was also residence head of the former Reitz Apartments.

A thorough knowledge of the university

Thanks to this broad background, he has a thorough knowledge of the university, its history, procedures, principles and its people. It is therefore no surprise that Dippenaar was elected to the Council by UFS alumni. Dippenaar, or “Dippies” as he is also known, has served on the Council since 2014. In addition, he has a child who is currently studying at the UFS and therefore he has more than just a theoretical interest in what is happening at the UFS.

He is of the opinion that, in his capacity as UFS councillor, he could be a true mouthpiece for former Kovsies.

"As councillor, I can ask the necessary questions to ensure fair and just treatment of all stakeholders."

A man with diverse interests
His legal knowledge also comes in handy in his role as councillor. Dippenaar was formerly employed at Honey Attorneys and at Horn and Van Rensburg, but in 2008 he started his own practice which is also operating in Lesotho.

He describes his wife, Hanlie, as his best friend and soul mate. His eldest son, Johann, is studying BSc Quantity Surveying at the UFS, while another son, Pieter, is in Grade 10 in Grey College. His daughter, Anneke, is in Grade 6 in Universitas Primary.

Asked about his passions, he says rugby and fine Brahman cross-breed cattle are equally attractive to him. Thus, a man with diverse interests and a highly demanding career, but also a former Kovsie with a passion for other former Kovsies and for his alma mater.

 

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