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UFS to host inaugural ‘Sanlam and Santam Economist of the Year’ gala event

16 October 2024 | Story Anthony Mthembu | Photo Supplied

The Department of Economics and Finance, within the Faculty of Economic and Management Sciences (EMS) at the University of the Free State (UFS), in collaboration with Sanlam and Santam, will host the inaugural ‘Sanlam & Santam Economist of the Year’ competition gala event on 18 October 2024. The event, to be held on the UFS Bloemfontein campus, marks the exciting conclusion of this prestigious competition.

About the competition

Prof Johan Coetzee, Chairperson of the Department of Economics and Finance at UFS, explained that the competition, launched in July 2024, is an initiative of the department, sponsored by Sanlam and Santam. ‘’The competition aims to equip our graduates with the essential skills required for the modern workplace, including presentation, communication, problem-solving, and critical thinking skills,” said Prof Coetzee. He also highlighted plans to extend the competition to schools, saying, “We are looking forward to broadening the platform to include school-level participants.”

In addition, Prof Coetzee noted that the competition is designed to train students to become highly skilled economists capable of navigating the challenges of the Fourth Industrial Revolution (4IR).

The competition sees students - ranging from first-year undergraduates to those pursuing master's qualifications within the department - competing against each other by making predictions on key macroeconomic indicators. A schedule of these indicators is provided, and students must predict their values on an online platform before the official release of each indicator. Points are awarded based on the accuracy of their predictions, with the top 10 competitors progressing to the final stage.

Gala event highlights

Representatives from Sanlam and Santam, the Department of Economics and Finance, the top 10 finalists, and the department’s top academic performers from each year group will attend the gala event. “Besides recognising the competition winners, we will also honour our top academic achievers. As a department, we acknowledge the importance of recognition, and we are proud to be the academic home of these outstanding students,” Prof Coetzee added.

The top 10 finalists will each deliver a six-minute presentation to a panel of four economists from the department, after which the top three finalists will be announced. These finalists will then answer an additional question, and the final judging will determine the winner of the ‘Sanlam and Santam Economist of the Year’ title. The winner will also receive the largest cash prize.

In addition to the awards, Sivuyile Nzimeni, a data analyst within the EMS faculty and the developer of the competition platform, will address the audience. Nzimene will discuss the development of the platform and plans for its expansion.

News Archive

Kovsies offer prospective students countless opportunities at Open Day

2017-05-16

The University of the Free State Bloemfontein
Campus opened its doors to prospective 2018
students at this year’s Open Day to learn what
being a Kovsie entails.
Photo: Johan Roux

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“It is important for us not to be stressed or confused, as you need to understand where your passion lies.”

These were the encouraging words of Prof Francis Petersen, Vice-Chancellor and Rector of the University of the Free State (UFS), to the learners in the Callie Human Centre on the Bloemfontein Campus during this year’s Open Day on 13 May 2017.

Prospective learners, teachers, as well as parents came out in numbers to learn and see what the UFS has to offer. The audience was also set ‘In the Mood’ by the enchanting voices of the Swing-City band.

UFS represent diversity, inclusivity as well as academic excellence
Prof Petersen highlighted the importance of the values which the UFS stands for, namely diversity, inclusivity, and academic excellence, as vital reasons why learners should consider coming to the UFS.

“We believe that innovation is part of the curriculum, it is part of the way we do things, and it is also embedded as a key attribute that we will expose potential Kovsie students to,” he said.

Mpho Maloka, a parent from Welkom, says: “It (the UFS) represents the Free State and it is home-brewed. We want our kids to have the best education, and with many of my colleagues that graduated from the UFS, you can see the quality, the enthusiasm, and the success that comes from this university.”

Graduates to impact society through innovation
Prof Petersen said that the UFS will not only develop them as individuals, but will also assist them in making a contribution to society. “If you really want to have an excellent degree, well-rounded exposure to Kovsie life, make an impact on society through innovative thought, and also have the value of being exposed to a richness of diversity, then Kovsies is the place to be.”

Sergio Abdiziet, a learner from Heidedal, said that he’d like to be part of the UFS, because it is one of the best universities in the country.

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