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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

Main Entrance at our Bloemfontein Campus now officially open
2011-08-12

 

Kovsies architectural student, Michael Cronjé, at the Main Entrance of our university. Cronjé came up with the design for the Main Entrance.
Photo: Rian Horn

Vice-Chancellor and Rector of our university, Prof. Jonathan Jansen, said the new Main Entrance is a proud legacy to the university.

This colourful Main Entrance was officially opened by the Vice-Chancellor and Rector, Prof. Jonathan Jansen,  on 8 August 2011 after construction had started earlier this year.

Prof. Jansen told the small group of people who attended the event that the gate symbolised a university where things were happening, a university which was transforming academically. It also symbolises the brand of the university that was launched earlier this year.

Prof. Jansen praised Kovsies architectural student, Michael Cronjé, who proposed the design for the Main Entrance. He told the fourth-year student that his children would be proud of his legacy to the university one day.

Cronjé designed the Main Entrance in his third year of study as part of a class competition. The architectural student’s design was developed further by The Roodt Partnership architectural firm. Cronjé says that his design with seven colourful columns symbolises the seven faculties of the university.

 

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