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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

A campaign that rocks

2012-08-28

Ms Elizabeth Msadu
Linda Fekisi
27 August 2012

The 2011/2012 Student Representative Council and Wellness Office on our Bloemfontein Campus launched the “We are your rock” campaign during Women’s Month. The campaign is a support system primarily aimed at female students. It addresses issues such as intimate partner violence, prostitution and students who go hungry. The campaign also caters for those in need of career and academic advice.

The idea for such an initiative was born out of a meeting between Dr Dina Darker, a pastor’s wife at the Kovsie Student Church, and Ms Elizabeth Msadu, a social worker at the Wellness Office. “Dr Darker was concerned about rumours regarding improper behaviour of female students and wanted the input of a social worker on the subject,” says Ms Msadu. “Many girls are in relationships with older men, which result in a high level of unplanned pregnancies that often end in abortions.”

How the initiative works is that a student in need will write her name and contact number on a rock or a piece of paper and put it in a box placed in our Women’s Memorial Garden. Ms Msadu empties the box once a week and contacts the student in need. She describes her experience thus far of the campaign as “interesting, exciting and an eye-opener”.

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