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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 praised for hosting international research development programme

2013-03-05

At the farewell function were, from the left: Dr GansenPillay (deputy executive officer of the NRF), Emile Goofo (Cameroon), his son Tylio in the arms of Prof Nicky Morgan (Vice-Rector: Operations), Avelino Mondhane from Stockholm University (originally from Mozambique) and Prof Neil Heideman (Dean of the Faculty of Natural and Agricultural Sciences).
Photo: Leatitia Pienaar
05 March 2013

“I must congratulate the University of the Free State on doing something like this,” Dr Gansen Pillay said at the farewell function for the participants in the Southern African Young Scientists Summer Programme (SA-YSSP) at the UFS.

The 19 young scientists from 16 countries completed their three-month programme at the end of February 2013. As another step in the process the participants must write articles for reputable journals and complete their doctoral studies. Their performance in the research world will also be tracked.

Dr Pillay, deputy executive officer of the National Research Foundation (NRF), said an investment was made in the researchers to secure the future of the programme. A lot of persuasion and proof was necessary to convince the Austrian Institute for Applied Systems Analysis (IIASA) that a programme of this nature could be presented in Africa.

The SA-YSSP was hosted and managed by the UFS. The programme was developed by the NRF in collaboration with the Department of Science and Technology (DST) and IIASA into a novel and innovative initiative. The official launch was by the Minister of Science and Technology during November 2011.

The SA-YSSP will be an annual three-month education, academic training and research capacity-building programme. Aligned with the YSSP model, annually presented in Austria, the SA-YSSP offered scientific seminars covering themes in the social and natural sciences, often with policy dimensions, to broaden the participants’ perspectives and strengthen their analytical and modelling skills, further enriching a demanding academic and research programme.

Prof Martin Mtwaeaborwa, SA-YSSP deputy dean, said the academic performance of the young scientists superseded the expectations. “I hope the scholars will look back at the programme as the moment their careers began.”

The added, “The UFS received positive remarks for organising the programme and we hope to get it again in future.”

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