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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

Department arranges special excursion for disabled students

2008-11-26

The unique circumstances of students with disabilities often make it difficult for them to attend educational excursions of the Department of Communication and Information Studies. A special excursion was thus arranged for them to the National Museum in Bloemfontein. Work was recently done to make the museum more accessible for persons with disabilities. A lift was installed and exhibitions are equipped with Braille. Many exhibitions are equipped with sound and visitors can also make use of audio players.

Mr Tebogo Mohlakane, educational officer from the National Museum, and a team of well-trained museum guides welcomed the 13 students that were accompanied by Ms Elbie Lombard and other members of the department with open arms. Each student received special attention to make it an unforgettable experience.

Estine Smith, a first-year student with visual impairments, summarised her experience of a stuffed predatory bird which she held in her arms, as awesome. Touching replicas of elephants, rhinos and giraffes was the highlight of Shaun Jooste, a third-year student with visual impairments’ experience. Until recently it was difficult for Tshidiso Molehe to visit the museum with his wheelchair. He is now satisfied with the accessibility of the museum and is looking forward to his next visit to the museum.

Disabled students during their visit to the National Museum.

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