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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

Afrikaans can be learnt online for the first time

2017-11-29

The launch of the online course in Afrikaans at the University of the Free State
took place in the Centenary Complex at the Bloemfontein Campus on 21 November 2017.
From the left are Profs Francis Petersen, Rector and Vice-Chancellor; Angelique van Niekerk,
Head: Department of Afrikaans and Dutch, German and French; and Gerhard van Huyssteen,
Executive Director: Virtual Institute for Afrikaans.
Photo: Supplied

There is a need among visiting international students and foreign visiting lecturers and researchers to be able to speak Afrikaans. According to Prof Angelique van Niekerk, this is the reason why the Department of Afrikaans and Dutch, German and French at the University of the Free State (UFS) has been offering short courses in Afrikaans on campus for more than 15 years.

As from January 2018, those people wishing to learn Afrikaans outside of the UFS campus will be able to do so fully online. This is the first time that Afrikaans can be learnt fully online. The course is part of a short learning programme, Gesellig Afrikaans 1 and 2, which has been presented at the UFS since 2007. It is presented with the support of the Virtual Institute for Afrikaans (VivA), and Afrikaans can now be learnt as foreign language globally.

Need to speak Afrikaans
Prof Van Niekerk, Head of the Department of Afrikaans and Dutch, German and French, believes people who come in contact with the language have a need to learn to speak Afrikaans. “Afrikaans is a vernacular in the workplace, education, and social circles, especially in Bloemfontein, the Free State, and South Africa,” she says.

On average, 15 students per semester are enrolling for the existing contact-based course. Prof Van Niekerk says these students are from countries such as The Netherlands, Belgium, Germany, France, Poland, Lesotho, Zimbabwe, and some are from the East.

English used as teaching medium
In 2018, the 20-week course will be taught online via the VivA website or on campus through contact sessions (within 13 weeks). “The online course for international students is currently being marketed for the first time, and in 2018 we will officially be enrolling international students for the online course from beyond UFS borders,” says Prof Van Niekerk.

The teaching medium will be English, with all the information and explanations taking place in Afrikaans and English. Supporting material such as Afrikaans films, music, pronunciation guidelines, and continuous self-assessment are part of the online course material.

Click here to see the course structure of the online programme.

Direct enquiries to Prof Van Niekerk at vnieka@ufs.ac.za, or geselligafrikaans@gmail.com or visit www.gesellig-afrikaans.org

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