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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

OSM Camerata first place winner in international competition

2017-09-08

The OSM Camerata with conductors, Xavier Cloete and
Gerhard de Jager received first place in the
University/Conservatory Orchestra category.
Photo: Supplied

The OSM Camerata received first place in the 2017 Ictus International Music Competition for bands and orchestras. Marius Coetzee from the Odeion School of Music at the University of the Free State said: “The award was announced in time for the celebration of the orchestra’s fifth birthday.”

OSM a catalyst for excellence
The OSMC was strategically founded in 2012 by Coetzee as the OSM’s flagship chamber ensemble, with the main objective of creating a catalyst for excellence.

Over the past five years, the OSMC has premiered 15 new works by South African composers specially commissioned for them. Highlights remain its participation in the 13th International Conservatory Festival in St Petersburg Russia, where the ensemble received a standing ovation during a gala concert in the Glazunov Concert Hall, as well as the world première of the Cello Concerto for an African Cellist by South African composer, Hans Huyssen, with South African cellist, Heleen du Plessis as soloist. The CD was released in 2014 on the New Zealand Classical Music label, Ode Records in Auckland, New Zealand and was one of five CDs nominated for the Listeners' Choice Award New York in March 2014.

Competition draws participation from Washington to Bloemfontein
The inaugural year of this annual competition drew applicants from Washington State in the US all the way to Bloemfontein in the Free State. Video submissions were judged and narrowed down to a final round from which prize winners were selected.

The OSM Camerata with conductors, Xavier Cloete and Gerhard De Jager, received first place in the University/Conservatory Orchestra category.

The competition was founded to highlight the work that music educators, conductors, students, performers and community members make in ensembles at the university, community, youth, high school and middle school levels.

Competition director, Alex Serio says that “many people do not realise the amount of work that it takes to make these ensembles run. What is more is that most of the public does not realise the level of artistic excellence that can be achieved in these ensembles. Ictus International Music Competition was founded to highlight this level

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