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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

Measures to ensure safer campuses are investigated
2010-04-16

The safety of students, lecturers and staff of the University of the Free State (UFS) is of the utmost importance for the management of this institution and deliberations are continuously taking place on what can be done to improve the levels of safety of the respective campuses in Bloemfontein and Qwaqwa.

A set of recommendations was recently tabled by our rectorate that make provision for various measures for safer campuses. According to Prof. Niel Viljoen, Vice-Rector: Operations at the UFS, attention will urgently be paid to the following recommendations:

  • The instalment of alarm systems, linked to the central security control room, in all buildings on the respective campuses.
  • The instalment of “panic systems” in strategic places in buildings.
  • Where possible, better admission control to buildings, especially office blocks.
  • Better management en integration of contracted-in security workers.
  • Enhancement/upgrading and better monitoring of the security control room and sharpening of reaction times in cases of emergency.
  • Repair and maintenance of the current border fencing.
  • A survey was once again done of all the so-called “dark spots” on campus and the instalment more effective lighting are currently in progress.
  • Safeguarding of footways and parking areas by means of cameras and panic systems that will be monitored 24 hours a day, seven days a week.
  • Better and more visible patrolling of the pedestrian walkways and campuses.

Regular and structured feedback regarding the safety situation at all campuses shall also be done.

According to Prof. Viljoen the following recommendations shall also be investigated further:

- The feasibility of the “closing” of the campus, especially in terms of transport implications, costs and effectiveness.
- The possible closing of the small pedestrian gates in order to channel pedestrian traffic through the existing and manned gates.
- The feasibility of the compulsory wearing of ID cards by all personnel, students and temporary workers.
 

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