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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 claims gold and silver at IAAF World Championships in London

2017-08-11

The Olympic champion, Wayde van Niekerk, continued
his superb form over the past few months when he
won a gold medal in the 400 m and a silver in the 200 m
at the IAAF World Championships in London.
Photo: Getty Images

This is just the beginning. These were the words of an emotional Wayde van Niekerk after he completed one of the best weeks in his young career at the IAAF World Championships.

The 25-year-old Kovsie star claimed a gold medal in the 400 m in London, England, on 8 August 2017, and added a silver in the 200 m on 10 August 2017.

Furthermore, he was only 0.02 seconds away (in the 200 m) from achieving a 200 m/400 m double – something which was last done in 1995 at a World Championship by Michael Johnson. Van Niekerk won the 400 m in London in 43.98 s, and two days later his 20.106 s was enough for a silver in the 200 m. Ramil Guliyev from Turkey was first in 20.09 s.

Role model for Kovsie community
Once again Van Niekerk’s achievements warmed the hearts back home at the University of the Free State (UFS). “This is an extremely proud moment not only for the country, but in particular for the University of the Free State. Wayde is a role model for the entire Kovsie community, and we have been following his achievements in the international arena with great excitement. We are elated by his performances. Congratulations also to Tannie Ans and his management team,” Prof Francis Petersen, Rector and Vice-Chancellor of the UFS, said.

So much more ahead, says star
“I really feel I worked hard for tonight and I gave it my all. And I think I have proven over and over again I deserve what I have achieved. It was a tough week for me,” Van Niekerk said in an interview with the BBC. “I am glad that I could come out again today and put on a good fight. I really believe this is just the beginning of so much more I can achieve.”

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