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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

Leadership is about people, Tsedu

2009-09-16

Mr Mathatha Tsedu, Head of the Journalism Academy at Media24
Photo: Dries Myburgh

Download complete lecture (Pdf-formaat)

Modern-day leaders have neither the inclination nor the will to lead the very people who have entrusted them with that responsibility, said Mr Mathatha Tsedu, Head of the Journalism Academy at Media24.

The former City Press editor delivered the 2nd King Moshoeshoe Memorial Lecture at the University of the Free State in Bloemfontein last night.

He said the current state of leadership in South Africa was characterised by patronage and self-enrichment.

“The poorest of the poor and our affection for them extends only to public meetings where we mouth socialist slogans. But in reality we want nothing to do with them and they have to fend for themselves,” he said.

“Leadership has to be more than just the power of a mayor, premier, MEC or minister to dish out tenders to friends for projects that never get completed. Projects whose real legacy is the fact that the friend of the leader now drives a Hummer.”

He said leadership had to be about people but acknowledged the fact that it would not happen unless people themselves insisted on that.

“King Moshoeshoe teaches us that leadership is about taking decisions and taking risks. Not only as leaders but more especially as members of the community,” he said.

“We can address our critical challenges only if citizens’ groups, business, labour and broader civil society actively engage with the state to improve delivery and enforce an accountable government.”

He appealed to leaders to follow the example of King Moshoeshoe and always put people first, and involve them, in the decisions that they take.

“This is about concern for others and for self. It is about compassion in leadership and in society, it is about caring beyond own concerns. It is about being involved and engaged. These are the attributes that I feel King Moshoeshoe left us as a legacy of leadership. Leadership not only of the leaders but of the led,” he said.

Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt.stg@ufs.ac.za
10 September 2009

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