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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

Ryk Neethling visits the UFS
2011-02-03

Ryk Neethling
- Photo: Gerhard Steenkamp

Festive, colourful and spirited – this was how the official opening of our newly upgraded swimming pool looked. Olympic swimmer Ryk Neethling, guest of honour at the event, rendered further glamour to the event when he encouraged Kovsies in his opening speech.

“I feel that this pool can be a great institution of learning, just like this university, because the lessons you learn here you can take into your job; lessons of hard work, dedication and never giving up,” said Ryk.

As a result of the money (R4,6 million) that was appropriated by the National Lotto at the end of 2009, the swimming pool now qualifies as an international competition bath (50m in length) with heating. Overflows were also installed at both ends of the bath. Starting blocks and lane ropes were also installed.

Part of the money is also used for research, which will throw light on the nutritional habits and incidents that cause swimming injuries.

According to Mr Mickey Gordon, Head: Corporate Affairs, Institutional Advancement and Sport, it is strategically important to invest in a high-quality facility for the advancement of swimming at our university. “The university wants to become a centre of excellence for Swimming South Africa,” he said.
 

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