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16 October 2024 | Story Anthony Mthembu | Photo Supplied
Sanlam and Santam
Top 10 finalists of the Sanlam and Santam Economist of the Year competition with Dr Genius Murwirapachena (right) and Prof Johan Coetzee (left).

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

Grant encourages and enables more learners to enter into science-related studies and careers
2009-06-26

 
At the launch are, from the left, front: Consolation Mochusi, Graad 12 learner from Heatherdale Secondary School, Alexander Bergman, Grade 10 learner from Grey College Secondary School, Danél Prinsloo, Grade 11 learner from Eunice High School; middle: Ms Lea Koenig, Coordinator: ICT Laboratory of the Qwaqwa Campus, Prof. Daniela Coetzee-Manning, Director: CED; back: Ms Elna Fourie, Development Planner from SANRAL, Prof. Teuns Verschoor, Acting Rector of the UFS, Mr Cobus van Breda, Project Coordinator: CED and Mr Nazir Alli, Chief Executive Officer of SANRAL.
Photo: Stephen Collett


 

The University of the Free State’s (UFS) Centre for Education Development (CED) has this week launched a project on the Main Campus in Bloemfontein.
to enable and encourage more learners to enter into science-related studies and careers.

The grant of R4,5 million over a period of three years was made by the South African National Roads Agency Ltd (SANRAL). This week’s function was attended by the representatives of the sponsors and the UFS, as well as learners, parents, principals and Physical Sciences teachers of participating schools.

The grant will be utilised to foster a positive attitude towards Mathematics and Science amongst learners in the early school years as well as raising the knowledge and skills levels of learners in the Further Education and Training (FET) Phase. “This will be done through our Family Math and Family Science Programme for younger learners and through e-Education in Science and Mathematics for learners in the FET Phase,” said Mr Cobus van Breda, Project Coordinator at the CED.

About 330 selected Grade 10, 11 and 12 learners from 16 schools in the Free State are attending Physical Sciences and Mathematics sessions during weekdays at the ICT Laboratories on the Main and Qwaqwa Campuses of the UFS. In order to make provision for the needs of generation Y-learners (techno-clever generation), the project envisages to enhance their understanding of Science and Mathematics principles by utilising the advantages of ICTs (Information and Communication Technologies) during the sessions.

On average, learners attend four sessions per term, with one of the sessions a special event like visiting Boyden Observatory, departments at the UFS, etc. Learners will be exposed to about 36 sessions over the three years. Special attention to vocational guidance, in collaboration with the Unit for Prospective Students at the UFS, forms part of the support system of the programme to participating learners.

“Learning is a life-long experience and we must encourage our learners to grab this opportunity to learn more about important fields such as Mathematics and Science. It is a privilege for SANRAL to have this partnership with the CED and the university as it is an indication of our efforts to educate our youth,” said Mr Nazir Alli, Chief Executive Officer of SANRAL.

Mr Alli encouraged learners to grab the opportunity to learn and to make the field of science their career. “Science can be the foundation on which to build your career and this programme can assist you to reach your goal,” he said.

According to Prof. Teuns Verschoor, Acting Rector of the UFS, the SANRAL grant is a wise investment because it is an educational investment. “We cannot cut back on the investments we make in education and SANRAL’s investment in this programme is of benefit to schools and learners in the central region. Through this programme, its bursaries, various career opportunities and ongoing support of schools and universities SANRAL is making a huge contribution to promoting science-related studies and careers in our country,” he said.

Media Release
Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
26 June 2009

 

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