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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

Science 4Fun, collaboration between CUT and UFS community engagement

2017-08-16

For Grade R learners at Nzame Primary, their
basic Geometry insight about shapes advanced
to engineering skills when they built modern pyramids,
connecting jelly sweets and sosatie sticks.
Photo: Supplied

Any phase in a learner’s life can be the right time to explore science. As for Grade R learners at Nzame Primary School in Mangaung, it all started when their Deputy Principal, Charles Busack, attended the Global University for Lifelong Learning (GULL) workshop coordinated by the university’s Community Engagement in October 2016. The GULL network enables its affiliated organisations to recognise the individual and collective efforts of those who are creating progressive transformation in communities and in the workplace. Consequently, a community-based initiative, Science4Fun, was developed and launched at the primary school, where learners would start to experiment with science through play.

University students instrumental in teaching
Every Tuesday morning, these fun science activities form part of the foundation phase programme, in which Dr Elizabeth Conradie of the Central University of Technology (CUT) and four postgraduate Science students from the UFS, engage teachers and learners in exciting experiments and demonstrations.

Most people just know pyramids as big, impressive structures built a long time ago in Ancient Egypt. However, for Grade R learners at Nzame Primary, their basic Geometry insight about shapes advanced to engineering skills when they built modern pyramids, connecting jelly sweets and sosatie sticks.

Laying a foundation for the future
According to Dr Conradie, more fun exercises are lined up for curious minds, exploring other sciences such as Chemistry and Mathematics, combined with music. The initiative will assist to equip learners with the basics of Science into more advance learning phases of the schooling years, giving them an advantage.

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