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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

New publication on groundwater remediation soon to be introduced
2017-05-05

Description: Prof Abdon Atangana groundwater remediation Tags: Prof Abdon Atangana groundwater remediation

A new book from Prof Abdon Atangana from
the UFS Institute for Groundwater Studies
proposes new techniques for groundwater
remediation, including guidelines on how chemical
companies can be positioned in any city to avoid
groundwater pollution.
Photo: Pixabay

A new publication, Fractional Operators with Constant and Variable Order with Application to Geo-Hydrology, will be published later this year, on 1 November 2017. The author, Prof Abdon Atangana, from the Institute of Groundwater Studies at the University of the Free State, said the book proposes new techniques for groundwater remediation, including guidelines on how chemical companies can be positioned in any city to avoid groundwater pollution.

Focus of the book
Prof Atangana said researchers and practitioners interested in groundwater modelling and remediation from applied mathematical and geo-hydrology backgrounds, will benefit from reading this book.

According to Elsevier, the book provides a physical review of fractional operators, fractional variable order operators, and uncertain derivatives to groundwater flow and environmental remediation. It presents a formal set of mathematical equations for the description of groundwater flow and pollution problems using the concept of non-integer order derivative. Both advantages and disadvantages of models with fractional operators are discussed.

“Researchers and practitioners
interested in groundwater modelling
and remediation from applied
mathematician and geo-hydrology
backgrounds, will benefit from
reading this book.”

About the author
Prof Atangana specialises in applied mathematics, groundwater modelling, fractional calculus and their applications, methods for partial differential equations, methods for ordinary differential equations, iterations methods, asymptotic methods, perturbations methods, and numerical method for fractional differential equations, uncertainties analysis. He has participated in 18 international conferences, organised six special sections and symposiums in international conference in Europe, Africa, Asia and USA, and has been invited as plenary speaker in eight international conferences. He also serves as editor on 20 international journal of mathematics and applied mathematics and editor-in-chief of two international journals of applied mathematics.

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