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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

Department of Chemistry moves into world-class facilities

2008-05-16

Attending the opening of the first and second phases of the Department of Chemistry's upgraded research facilities on the Main Campus of the UFS in Bloemfontein are, from the left: Prof. André Roodt, Head of the department, Prof. Herman van Schalkwyk, Dean: Faculty of Natural and Agricultural Sciences at the UFS, and Ms Tania van Zyl, Architect from Goldblatt Yuill Architects in Bloemfontein.
Photo: Leonie Bolleurs

UFS Department of Chemistry moves into world-class facilities

The University of the Free State’s (UFS) Department of Chemistry recently moved into the first and second phases of the southern wing of the upgraded Moerdyk and annex building in which the department is situated. The wing is part an extensive project to upgrade the building and its facilities.

At a total costs of R40 million for the upgrading of the building and R30 million for the equipment, this is the biggest project of its kind in the history of the UFS.

The upgrading is taking place in four phases, of which the largest part is the southern wing. Researchers and undergraduate students recently moved into this part of the building, which consists of the first- and second-year laboratories. The laboratories consist of, among others, larger and safer venting and research-focused facilities as well as enough storage for the department’s equipment. Although one of the water-cooling systems on the roof of the building recently caught fire, all classes, practical and research work is going ahead without any disturbance.

“The putting into service of the first two phases is a milestone for the department. The project is almost half way and, when it is completed by the middle to end of 2009, we will boast with some of the best research and undergraduate laboratories in the country. It will also increase our leadership in advanced training on the continent and will strengthen the UFS’s role in the international chemistry arena,” says Prof. André Roodt, head of the department.

According to Prof. Roodt advanced research on fuel and nano particles (this is particles as big as one hundred thousandth of a human hair strand) will be conducted in the completed laboratories as part of the UFS’s research cluster initiative. Other research such as anti cancer remedies, research on various chemical processes and research on biological pharmacological remedies will also be done.

“During the past three years the department has made a significant impact on research in chemistry worldwide. Our academics are publishing in some of the world’s foremost chemistry journals and various presentations are made at international conferences. The upgraded facilities will ensure that we continue building on our high quality research and it will also ensure that our students can compete with the best in the world,” says Prof. Roodt.

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
16 May 2008

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