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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

New residences for Qwaqwa Campus

2010-02-17

Rev Hosiah Nkoana
Photo: Mangaliso Radebe.

The Qwaqwa Campus of the University of the Free State will have new residences before the end of this year to ease the growing demand for student accommodation.

According to the Deputy Director of Housing and Residence Affairs at the Qwaqwa campus, Rev Hosiah Nkoana (pictured), the university is spending a lot of money on the rent and maintenance of the residences of the former colleges of education, Tshiya and Bonamelo, that the university has been using since 2004 to accommodate students.

The construction of these new residences will be carried out in two phases.

“The first phase will be university-funded and the residences will accommodate 200 students, male and female. The second phase will be a private development by a private developer. The residences in this phase of construction will accommodate 500 students – and this will be its first phase. It will then be followed by a second phase, depending on the demand for accommodation,” said Rev Nkoana.

“These residences will not necessarily be state-of-the-art residences but they will have good facilities that will underwrite our approach that residences are not just sleeping places.”

“We are developing a philosophy of turning our residences into learning and living areas. So, to get there we are going to put up a computer lab with 100-150 computers between the residences so that all resident students can access them to enhance the learning side of residence life. I hope this will change the way our students see residences,” he said.

Currently the residences at the Qwaqwa Campus can accommodate 770 students. The new residences are expected to be ready for occupation in the 2011 academic year.

Media Release:
Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt@ufs.ac.za
17 February 2010

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