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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

Significant boost for infrastructure development

2012-12-28

The University of the Free State (UFS) recently received a significant boost for its infrastructure development with the approval of infrastructure projects totalling
R333,600 million by the Department of Higher Education and Training for the next three years.

The funding includes cost sharing, with the department contributing R208,394 million and the UFS contributing an amount of R125,206 million.

The UFS Council approved the projects and the cost sharing during the last meeting for the year on 16 November 2012.

“We are elated by the generous funding received from the department as it will assist us in fast-tracking our infrastructure development, providing in the increasing need for new and upgraded facilities at all three campuses,” said Prof. Nicky Morgan, Vice-Rector: Operations.

The projects include:

Upgrading and new disability access to various buildings on the Bloemfontein, South and Qwaqwa Campuses;
A building in Kimberley, which will be shared by the School for Allied Health Professionals and Nursing;
Upgrading and extension of the biotechnology and nutrition facilities, additional infrastructure for the Department of Physics and the upgrading of an extension to the genetic sciences facilities on the Bloemfontein Campus;
A new 250-bed student residence on the Bloemfontein and Qwaqwa Campusus, respectively;
Facilities for the Faculty of Education;
Six lecture rooms on the South Campus;
Upgrading of the interpreting laboratory and the development of an audio-visual production facility for recording of lectures on the Bloemfontein Campus;
Provision of office space for the Centre for Teaching and Learning on the Bloemfontein Campus;
Lecture halls and a laboratory for the Department of Geography and Tourism on the Qwaqwa Campus; and
Funding of additional infrastructure for the Department of Physics on the Qwaqwa Campus.

“The department made special mention of the way the UFS manages its infrastructure and efficiency funding when the announcement about the allocation of funds was made. This is a feather in our cap as the department has been referring other higher education institutions to the UFS for advice on infrastructure development,” he said.

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