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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

Wayde sets 200m SA record, and is world’s fastest in 2017

2017-06-13

Description: Wayde sets 200m SA record, banner Tags: Wayde sets 200m SA record, banner

Wayde van Niekerk is in great form leading up to the World Championships
in London in August. Photo: SASPA

He was the first South African to break the 20-second barrier in the 200m, but for the past two years Wayde van Niekerk had to be satisfied that fellow countryman Anaso Jobodwana was quicker. Now the Kovsie athlete isn’t only the national record holder again – he also is the fastest man on the planet in the 200m in 2017.

After Van Niekerk ran a 19.90, the world’s fastest this year, when he won the South African title in Potchefstroom in April, the American Christian Coleman (19.85) improved on that.

Personal best and 0.06 seconds quicker than Anaso
However, Van Niekerk ran a 19.84 in the 200m at the Racers Grand Prix in Kingston, Jamaica, on 11 June 2017. This was 0.06 seconds quicker than his personal best, and 0.03 seconds better than Jobodwana’s national record of 19.87 at the 2015 World Championships in Beijing. Van Niekerk was the first South African to run under 20 seconds in the 200m when he did so two years ago in 19.97 in Lucerne, Switzerland.

Same pace a second time in a week
It was also the second time in a week that the 400m world record-holder ran an 19.84 in the 200m. This after he did it on a temporary built track at the Boost Boston Games on 4 June 2017. The race was run on a straight street course and was therefore not officially recognised as a record.

“This is definitely a positive step forward,” Van Niekerk said, according to www.iaaf.org. “I felt that I was in pretty good shape last week in Boston, I wanted to repeat that here (in Kingston).”

He seems to be in good shape leading up to his attempt to run a double, his favourite 400m and the 200m, at the World Championships in London, England, in August.

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