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UFS students excel in the JSE Investment Challenge

23 October 2023 | Story SAMKELO FETILE | Photo SAMKELO FETILE

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 awarded R3,6-million to train court interpreters

2008-05-15

At the training session for court interpreters that took place on the Main Campus of the UFS in Bloemfontein recently are, from the left, front: Ms Zandile Mtolo, Pietermaritzburg, Ms Lindiwe Gamede, Bethlehem; back: Mr Sipho Majombozi, Port Shepstone, Prof. Lotriet, and Mr Mzi Nombewu, Upington. The four learners are working at their respective magistrates courts.
Photo: Lacea Loader

UFS awarded R3,6-million to train court interpreters

A contract to the value of R3,6-million has been awarded to the University of the Free State (UFS) to train court interpreters throughout South Africa.

The contract was awarded to the Department of Afro-asiatic Studies, Sign Language and Language Practice at the UFS by the Safety and Security Sector Education and Training Authority (SASSETA).

“We are the only tertiary institution in the country that offers a national diploma in court interpreting. It provides a unique opportunity to court interpreters to be trained by a group of eight lecturers who are experts in the field,” says Prof. Annelie Lotriet, associate professor at the Department of Afro-asiatic Studies, Sign Language and Language Practice.

Prof. Lotriet is an internationally renowned interpreting expert who was also responsible for the training of interpreters for the former Truth and Reconciliation Commission.

According to Prof. Lotriet no co-ordinated training programmes for court interpreters existed and there was also no control over the training processes. The programme, initiated by the Department of Justice and Constitutional Development, is managed by the SASSETA. “It is the first time that the Department of Justice and Constitutional Development initiates such an extensive training programme for court interpreters,” says Prof. Lotriet.

The group of 100 court interpreters on the programme are from all over the country. Of the group, ten are unemployed learners who interpret for the Department of Justice and Constitutional Development on an ad-hoc basis.

The programme, which stretches over two years, comprises of theoretical and service training. Contact sessions take place in Bloemfontein, Pretoria and Cape Town, four times a year for two weeks at a time. The second contact session for Bloemfontein was recently completed.

“Learners are nominated by their regional offices. The programme consists of interpreting theory, interpreting practice and basic law subjects. The training material is developed and written by the SASSETA and facilitated and presented by the UFS. The learners interpret in all the 11 languages. Some of them can speak a couple of languages each,” says Prof. Lotriet.

“Everything is going very well with the programme and we are receiving a lot of positive feedback from the learners. This first group is an experiment and it depends on their success whether the Department of Justice and Constitutional Development will expand the programme,” says Prof. Lotriet.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
15 May 2008

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