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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

UFS mourns the death of a great linguist and educationalist
2012-08-29

He was one of the founders of the National Liberation Front. He was convicted of conspiracy to commit sabotage in 1964 and was sent to Robben Island for 10 years. During his incarceration, he taught history to fellow prisoners.

According to SA History Online, Alexander wrote of his time in prison: "The 'University of Robben Island' was one of the best universities in the country. It also showed me that you don't need professors.”

He also devoted most of his professional life to defend and preserve multilingualism in the post-apartheid South Africa and has become one of the major advocates of linguistic diversity.

During a recent visit to the UFS where he took part in a Critical Conversation at the Institute for Studies in Race, Reconciliation and Social Justice, Dr Alexander said that a multilingual state and culture could lead to more tolerance in South Africa.

In a tribute to Dr Alexander, Prof. Jonathan Jansen, UFS Vice-Chancellor and Rector, said Dr Alexander was an incorruptible, a revolutionary who remained true to his core values despite the materialistic excesses of former struggle heroes.

“He taught me many things, one of which was that Afrikaans is and can be a language of liberation and a vehicle for reconciliation. He took his methodology for language learning into the townships, and altered countless lives in the process. South Africa has lost a great scholar, a principled activist, a generous humanitarian and a formidable intellect; the last of the true revolutionaries.”

 

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