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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

Political scientist address Maritime Security Africa 2009 Conference
2009-10-29

 
Prof. Theo Neethling from the Department of Political Science was recently invited to address the Maritime Security Africa 2009 Conference on the issues of piracy on the eastern coast of Africa held in Cape Town on 13 and 14 October 2009. The event brought together maritime professionals, naval personnel and academics from all over the international community.

Prof. Neethling’s paper was entitled Piracy on the eastern coast of Africa: A Political Science perspective. His paper examined the fact that growing activities of piracy in the Gulf of Aden and off the Horn of Africa have increasingly threatened maritime security on the eastern coast of Africa. Prof. Neethling pointed out that, considering the fact that a very high volume of the world’s global trade moves by water, piracy is corrosive to political and social development in Africa and further afield. To this end, he explored several maritime endeavours that were launched in recent times by relevant governmental, intergovernmental and nongovernmental role players in the context of global governance. Prof. Neethling argued that piracy should be tackled in a way that combines naval action against the pirates at sea with measures to restore law and order, political processes and economic activity in Somalia. Generally, piracy often occurs when there is poverty and a weak or non-existent government. After all, insecurity on land eventually causes maritime insecurity – as is clear from the case of Somalia.
Photo: Supplied

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