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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

Judge Ian van der Merwe unanimously re-elected as Chairperson of the UFS Council

2012-11-29

Judge Ian van der Merwe
Photo: Rian Horn
29 November 2012

The Council of the University of the Free State (UFS) unanimously re-elected Judge Ian van der Merwe as its Chairperson for the next three years at its last meeting for this year on Friday, 16 November 2012.

Judge Van der Merwe is a Judge of the Free State High Court. He is an alumnus of the UFS and has been a member of the Council since 9 March 2007.

In accepting his appointment, Judge Van der Merwe said that he was honoured and humbled to lead a Council of this calibre for a second term. “The Council is setting a good example of what good governance at a higher education institution should look like. Meetings are conducted in good spirit and decisions made in the best interest of the university,” he said.

“Having sat on councils of many universities before, I can say with great surety that, on balance of expertise and backgrounds, the UFS has one of the most effective councils in the country and, to have a Chairperson of Judge Van der Merwe’s stature, is a privilege. His leadership and guidance is greatly appreciated,” said Prof. Jonathan Jansen, Vice-Chancellor and Rector.

Mr Edward Kieswetter, Group CEO and Executive Director of Alexander Forbes and Deputy Chairperson of the UFS Council, and Mr Jonathan Crowther (former editor of Volksblad) have been re-elected for a further term of four years in the category: "Appointed by the Council".

External Council members were given a tour of the Bloemfontein Campus after the meeting, followed by an induction session for new council members.

New Council members who joined this year are:

Derek Foster, in the category appointed by the Council
Ruben Gouws, elected by the non-academic staff
Lorraine Kriek, elected by the Alumni
Themba Mmabi, representative of the Minister of Higher
Education and Training
Sabelo Khumalo, SRC President, Qwaqwa Campus
William Clayton, SRC President, Bloemfontein Campus
Suraya Jawodeen, representative of the Minister of Higher
Education and Training
Mr Dan Mosia, representative of the Minister of Higher Education and Training

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