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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

UFS welcomes unanimous judgement about its Language Policy in the Supreme Court of Appeal

2017-03-28

The University of the Free State (UFS) is pleased with the unanimous judgment handed down in the Supreme Court of Appeal this morning, in which the application from AfriForum and Solidarity to review and set aside the decision by the UFS Council to adopt a new Language Policy was dismissed.

The court accordingly directed that AfriForum and Solidarity pay the legal costs of the UFS, which include the costs of two Counsel. This is the second time that the two applicants were ordered to pay the university’s legal costs.

The UFS further welcomes the decision by the Full Bench that the Free State High Court made a mistake last year by indicating that the UFS Council made an irrational decision when it approved the new Language Policy on 11 March 2016.

“Today’s decision is a milestone in the history of the University of the Free State and underlines the importance of the decision made by the Council last year. The decision comes with a responsibility, as we now have to ensure that all our students can become part of the global community of scholars by providing them with the necessary support. We also have to make our staff and students understand the implication of the court’s decision,” said Prof Nicky Morgan, acting Vice-Chancellor and Rector of the UFS.

The effect of today’s judgment is that the UFS may proceed to implement the new Language Policy according to its Implementation Plan. The new policy entails English as primary medium of instruction, but with the introduction of a tutorial system in Afrikaans and progressively in Sesotho to support students’ learning in their first and second year of study.

The policy has been piloted since January 2017 with first-year students in three faculties: Law, Health Sciences, and the Humanities. In these faculties, the majority of students indicated their preference to be taught in English. The Afrikaans-English policy will be maintained in the rest of the faculties in 2017 and phased out according to an implementation plan as from 2018.

Current registered students are able to complete their studies in the language they selected upon registration.

Released by:
Lacea Loader (Director: Communication and Brand Management)
Telephone: +27 51 401 2584 | +27 83 645 2454
Email: news@ufs.ac.za | loaderl@ufs.ac.za
Fax: +27 51 444 6393

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