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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

Dean of student affairs leaves the UFS after 29 years

2008-12-11

Prof. Teuns Verschoor (left), Acting Rector of the UFS, and Dr Luyt during his farewell function. Prof. Verschoor and Dr Luyt worked together in student affairs at the UFS for 26 years. Prof. Verschoor was Dean of Student Affairs before Dr Luyt took over the reigns from him.

Photo: Lacea Loader

The Dean of Student Affairs at the University of the Free State (UFS), Dr Natie Luyt, will be leaving the university after 29 years of service.

Dr Luyt decided to retire in order to spend more time with his wife, Ria, and his family. He will also be involved with his farm on a full-time basis.

“I have experienced a lot during my career and have learnt a lot from the staff and students at the UFS. There are students of exceptional quality at the university and it was a privilege to work with these young people. It was also a privilege to see the UFS grow to become the exceptional institution it is today,” Dr Luyt said during his farewell function this week.

Dr Luyt started working at the Department of Political Science of the UFS in 1980 and was appointed as Director of Student Affairs in 1997 and in 2005 as Dean of Student Affairs. During this time he was also closely involved with the Abraham Fischer Residence, where he was residence head since 1982.

Prof. Teuns Verschoor, Acting Rector of the UFS, said in his farewell message that the UFS has appreciation for Dr Luyt’s decades of service. “Dr Luyt had a meaningful life at the UFS. We have appreciation for his ability to deal with difficult cases and for his kind heart where student affairs are concerned. He will be remembered for the way in which he always knew what went on in the residences and that he always put the needs of students first,” said Prof. Verschoor.

Dr Choice Makhetha, Deputy Dean of Student Affairs at the UFS, will act as dean until the post is filled.

Media Release
Issued by: Lacea Loader
                Assistant Director: Media Liaison
                Tel: 051 401 2584
                Cell: 083 645 2454
                E-mail: loaderl.stg@ufs.ac.za
11 December 2008

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