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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

A Strategic Maths and Science Education Initiative at the Qwaqwa Campus
2009-11-17

Representatives of the Natural and Agricultural Sciences and Education Faculties as well as the Qwaqwa Campus Management recently convened a workshop on a strategic new Maths and Science Education Initiative to be offered from the Qwaqwa Campus of the University of the Free State (UFS). The two faculties have agreed to partner in order to offer programmes that will contribute to the development of well-qualified Maths and Science teachers and the improvement of Maths and Science education in local schools.

The programme will be based on a strong research foundation and will also involve extensive partnerships with schools in the Qwaqwa region. Amongst others, the initiative will include the possible introduction of a new programme specifically targeting prospective Maths and Science teachers, as well as the development of modules that focus on the critical content that needs to be covered in the curriculum at Grades 10 to 12.

The initiative emerges against a background of major shortages in science and technology skills in the country, poor performance in Maths and Science in South African schools, a lack of resources such as laboratories in schools, concerns about the content knowledge of qualified teachers and the high demand for Maths and Science teachers, together with very small numbers actually qualifying in these areas. A committee with representatives from both faculties as well as representatives from the Qwaqwa and Main Campuses has been formed to take the planning for this initiative forward. A full business plan is due to be completed in early 2010.

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