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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

DF Malherbe Memorial Lecture reflects on the role of Afrikaans

2012-06-07

At the DF Malherbe Memorial Lecture, from the left: Prof. Hennie van Coller, Head of the Department of Afrikaans and Dutch, German and French; Prof. Teuns Verschoor, Vice-Rector: Institutional Affairs; Prof. Wannie Carstens; and Prof. Lucius Botes, Dean of the Faculty of the Humanities.
Photo: Stephen Collett
07 June 2012

Lecture (pdf format - only available in afrikaans)

Does Afrikaans have a future in South Africa? How will the language become a truly transformed language of the new South Africa given the baggage of the image as the language of the oppressor? Will Afrikaans eventually die out?

These were the questions asked by Prof. Wannie Carstens, Director of the School of Languages at the Potchefstroom Campus of the North-West University, when he recently delivered the 31st DF Malherbe Memorial Lecture at the Bloemfontein Campus of the University of the Free State (UFS).

Prof. Carstens, also the former Chairperson of the Afrikaans Language Board, wanted to know whether reconciliation in Afrikaans is feasible, referring to the history of Afrikaans in South African politics. In a reference to the 1976 Soweto riots, he said a language could not be blamed for the mistakes of some of its speakers.

"The time is probably ripe to put this past behind us so that we can go on to reflect on Afrikaans, and in particular, the role of the Afrikaans speaker in the South Africa of 2012, and on the Afrikaans of 2060."

According to Prof. Carstens, an important condition for the reconciliation process of Afrikaans is to depoliticise the language. He referred to work that is being done by the Afrikaans Language Board and asked that everyone contribute to healing the Afrikaans language community.

"Let work together on a voice that can claim that it speaks on behalf of Afrikaans, and that might be able to contribute in the interest of Afrikaans to a truly transformed Afrikaans, or rather an inclusive Afrikaans that provides for all its speakers. When we are able to say that all Afrikaans voices are represented, only then can we truly talk of a transformed Afrikaans community."

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