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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

First Global Leadership Summit brings partner universities to our university

2012-05-17

The University of the Free State (UFS) is gearing up for the Global Leadership Summit when students from universities all over the world will visit the UFS. The summit will take place from Sunday 8 July to Friday 20 July 2012. About 180 staff and students from universities in the United States, Asia and Europe are expected to visit the UFS during these two weeks and eminent scholars and politicians have already confirmed their participation. Among them are Archbishop Emeritus Desmond Tutu, Dr Tim Murithi, Prof. Mark Solms, Fulbright Scholars who were previously tenured at the university, and a number of ambassadors.

Prof. Aldo Stroebel, Director: International Academic Programmes, Office of the Vice-Chancellor, says that our university has increasingly embedded internationalisation in its strategic priorities. The Leadership for Change Programme, jointly hosted by International Affairs and Student Affairs, is a significant step forward in this context. This innovative and unique programme, initiated in 2010, serves as a leadership development programme focused on first-year students. It aims to build layers of new thinking and engagement among students from diverse backgrounds. As part of a year-long engagement, each student spends a period abroad where there is intense exposure to the academic, social, cultural and residential lives of students in other countries. A formal mentor development programme for staff runs concurrently with the initiative.

In the 2010 programme, 71 students in various cohorts were placed at nine universities in the USA. Following on the success of this initiative, in 2011, 150 students were hosted at partner universities in the USA, Europe and Japan. The impact of cross-cultural and cross-border experiences on changing and enriching the participants’ minds and attitudes has been manifested in a wide variety of ways at both the UFS and the partner institutions.

The Global Leadership Summit, with the theme, “Transcending Boundaries of Global Change Leadership”, is a reciprocal programme of the Leadership for Change initiative. It will focus on international engagements in addressing salient issues around change leadership, diversity and racial reconciliation in Higher Education through critical dialogues between staff and students from all over the world.

The programme will be continued during 2013 when 150 students will again be selected for participation and placement abroad.

Media Release
17 May 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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