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Inaugural ‘Sanlam and Santam Economist of the Year’ competition gala celebrates future economists

24 October 2024 | Story Anthony Mthembu | Photo Stephen Collett

The inaugural ‘Sanlam and Santam Economist of the Year’ competition gala, held on 18 October 2024 at the University of the Free State (UFS) Bloemfontein Campus, has been hailed as a significant opportunity for growth. Hosted by the Department of Economics and Finance in the Faculty of Economic and Management Sciences (EMS), in collaboration with Sanlam and Santam, the event celebrated the exceptional talents of young economists.

The gala brought together representatives from Sanlam and Santam, faculty members, the top 10 competition finalists, and the department’s leading academic performers from each year group. Jaco Geldenhuys, Senior Business Manager at Sanlam, commended the participants for their dedication, noting: ’Today, we not only recognise your academic excellence but also the potential, positive impact you will have in the world.’’

Prof Johan Coetzee, Chairperson of the Department of Economics and Finance, echoed this sentiment, emphasising that the competition aims to equip graduates to become global citizens who can solve problems, think critically, and communicate effectively in a constantly changing world.

What transpired during the event

The top 10 finalists presented their analysis in a 6-minute presentation before a panel of economists from the department, demonstrating their understanding of the macroeconomic environment, the methods they used to predict key macroeconomic indicators, and the lessons they gained from the process. After these presentations, the top three finalists were chosen and were required to respond to questions from the panel, determining the overall winner.

The top three included Tricia Khoza, who secured third place, Mokai Malope, who earned second place; and Reatile Seekoei, who was named the 2024 ‘Sanlam and Santam Economist of the Year’.

All three finalists expressed their gratitude for the opportunity. Seekoei shared: “Competitions like this are invaluable because they prepare us for the working world. We have gained several graduate attributes we were introduced to at the start of our academic journey.’’

In addition to recognising the top three finalists, the department also awarded certificates to its top academic achievers, ranging from first-year undergraduate students to master's candidates.

Paving the way for the future

For many of the participants, the competition provided an invaluable glimpse into the professional world, offering them a chance to apply their classroom learning to real-world economic challenges. Geldenhuys encouraged the young economists to use their knowledge to challenge inequality, promote fairness, and drive innovation and sustainable growth.

News Archive

Using sugar to make the world a sweeter place

2017-10-13

Dr Deepack Santchurn, former PhD student in the
Department of Plant Sciences at the UFS,
and plant breeder in the Mauritius Sugar Industry
Research Institute, with Prof Maryke Labuschagne, left,
Dr Santchurn’s study leader.
Photo: Charl Devenish

Besides it mainly being used for sugar production, sugarcane has emerged as an important alternative for providing clean renewable energy. Dr Deepack Santchurn, who works in the sugarcane breeding department of the Mauritius Sugar Industry Research Institute (MSIRI), believes if he could contribute towards a more environment-friendly and renewable energy through the use of sugarcane biomass, he would consider himself having made a great leap towards a better world.

Sugarcane is mostly known and exploited for the sugar in its cane stem. According to Dr Santchurn it is not the only thing the crop does well. “Together with certain grasses, it is the finest living collector of sunlight energy and a producer of biomass in unit time. Sugarcane is now recognised worldwide as a potential renewable and environment-friendly bioenergy crop.”

Significantly more bioenergy can be produced from sugarcane if the production system is not focused on the production and recovery of sucrose alone but on the maximum use to the total above-ground biomass. Diversification within the sugarcane industry is of paramount importance.

He has been able to identify a few high biomass varieties that can be exploited industrially. One of the varieties is a commercial type with relatively high sugar and low fibre in the cane stem. Dr Santchurn explains: “Its sucrose content is about 0.5% less than the most cultivated commercial variety in Mauritius. Nevertheless, its sugar yield and above-ground biomass yield surpass those of the commercial varieties by more than 24%. The genetic gains compared to commercial varieties were around +50% for total biomass yield and +100% for fibre yield. Its cultivation is strictly related to bio-energy production and the extracted juice can be used as a feed-stock for ethanol and other high-value products.”

Dr Santchurn received his PhD at the UFS’s Department of Plant Sciences during the Winter Graduation Ceremonies in June this year. His study leader was Prof Maryke Labuschagne from the Department of Plant Sciences.

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