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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

Provisional registration period extended to 30 April 2012

2012-03-25

25 March 2012

After a week of intense negotiations between the senior leadership of the University of the Free State (UFS) and the Student Representative Council (SRC) of the Bloemfontein and Qwaqwa Campuses, the SRC has managed to persuade the senior leadership to extend the provisional registration period to Monday 30 April 2012.

This means that, until 30 April 2012, no students will be deregistered for not being able to pay their provisional registration fee. The initial deadline for students to register provisionally was 6 April 2012.

The SRC requested the extension of provisional registration and the senior leadership of the UFS agreed thereto for the following reasons:

To allow students more time to raise the money;
To allow the provincial and national government, as well as NSFAS more time to respond to students’ financial needs; and
To allow the SRC and the university more time to consult with students with strong academic records about financial aid options outside the university.

“The SRC is glad to note that the university management values our efforts in representing our students and we've been able to leverage that advantage to negotiate an extension of the deregistration date with management. We're happy that in this case management has responded to the appeal of students through the SRC and we're exceptionally proud of our ability to push student interests to unprecedented heights,” says Mr Richard Chemaly, SRC President of the Bloemfontein Campus.

According to Mr Chemaly, the SRC is confident in their negotiation abilities. “While others might strike and protest, it is in the best interests of our students to talk to the senior leadership about important issues that are in the interests of students,” he says.

“Since our request to extend the provisional registration period was approved by the university management, the SRC has been working tirelessly to ensure that no deserving student gets deregistered. This includes setting up external funds, approaching the Premier’s office for assistance and setting up the most extensive bursary database any SRC has ever had,” Mr Chemaly says.

If there are any parents or students in need of help for provisional registration, please contact Mr Chemaly at chemalyra@ufs.ac.za.

Media Release
25 March 2012
Issued by: Lacea Loader
Director: Strategic Communication
Tel: +27(0)51 401 2584
Cell: +27(0)83 645 2454
E-mail: news@ufs.ac.za

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