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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

UFS Debate Society prepares for three major tournaments

2012-11-20

Preparing for the Berlin Championships are, from the left: Richard Chemaly, Zola Valashiya, Ros Limbo and Nkosi Mangali.
Photo: Linda Fekisi
20 November 2012

The UFS Debate Society will be taking on three major projects during the holidays. The month of December will be filled with activities for the team, with members taking trips to Grahamstown, Pretoria and Berlin, Germany to showcase their debating skills.

Their first project is a coaching session in collaboration with the Free State Schools Debating Board. The team will be coaching the provincial school teams and accompanying them to Grahamstown where they will compete in the National Schools Debating Championships in early December.

At around the same time, members will also attend the Pan African Universities Debating Championships that will be held in Pretoria. The PAN African Championship, which the team won in 2009, has expanded over the years and now also includes participants from Australia and the United States of America.
Towards the end of December, four members of the team will be heading to Berlin, Germany to compete in the World Universities Debating Championships. Ros Limbo, Nkosi Mangali, Richard Chemaly and Zola Valashiya will represent the university.

Zola, who is currently the chairperson of the debating society, has been part of the team since 2008. He describes being part of the teams as, “a growing experience. I have learnt a lot, especially how to be a critical thinker”. He was ranked among the top ten speakers in the English First Language division during the Kgorong 2012 National Universities Debating Championships earlier this year. Zola says the team’s goal is to gain as much experience as possible in order to offer training. They are looking at forming strong relations with various other debate societies across the country.

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