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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

Winter school for international visitors

2011-07-28

Here are, from the left, front: Vinita Verma (India), Gayatai Sharma (India), Ambar Istiyani (Indonesia); back: Frank Nieuwenhuizen (Netherland); Vicky Hölsgens (Netherland) and Dewi Cahya Ambarwati (Indonesia)
Photo: Hannes Pieterse

A group of activists, postgraduate students and staff from civil society organisations are currently visiting our Bloemfontein Campus to discuss issues of diversity and development. The group of 19 people from countries such as India, Indonesia, Uganda, the Netherlands and South Africa are part of the 2011 annual international winter school on Pluralism and Development, which is hosted by our International Institute for Studies in Race, Reconciliation and Social Justice. It is the first time that the winter school is held in South Africa since its launch in 2004.

The first class of the winter school started on 11 July 2011 and participants attend daily lectures where they engage in critical thinking about issues such as sustainable development, identity, reconciliation and pluralism. On Thursday 21 July 2011 our Vice-Chancellor and Rector, Prof Jonathan Jansen presented a lecture on reconciliation to participants where he spoke lengthily about South Africa’s traumatic past. Classes will come to an end on 5 August 2011.

During their stay at our university participants also visited Gauteng where they spent time at the Apartheid museum, Constitutional Hill and Freedom Park. Later this week they will visit our Qwaqwa Campus.

Indonesian participant, Ms. Dewi Cahya Ambarwati, said she is looking forward to the Qwaqwa visit, where she will show off her traditional dance. Ambarwati said during their visit to Freedom Park, she managed to trace back Indonesian ancestors in the museum’s slavery section. Another participant, Mr. Frank Nieuwenhuizen from the Netherlands, said the winter school is enriching because it makes you realise what it means to deal with differences.

The international Winter School on Pluralism and Development is an initiative of the Kosmopolis Institute of the University of Humanistic Studies, in cooperation with the Humanist Institute for Cooperation with Developing Countries (Hivos).

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