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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

Vice-Chancellor to receive prestigious lifetime achievement award in the United States

2013-05-23

23 May 2013

- Acceptance Speech

The University of the Free State (UFS) is proud to announce that yet another major international award will be bestowed on the Vice-Chancellor and Rector, Prof Jonathan Jansen.

On 3 June 2013 the Education Africa Lifetime Achievement Award for Africa will be added to the multiple international and local achievements and awards Prof Jansen has received over the past months.

He will receive the award at a gala dinner at the Mandarin Oriental Hotel in New York City, United States. The glamorous event is hosted in collaboration between Education Africa and Brand South Africa. Prof Jansen will join an illustrious list of recipients, including Sir Bob Geldof, Sir Richard Branson and Archbishop Emeritus Desmond Tutu.

“I am deeply humbled by this award which I dedicate to the great teachers of our country, who under difficult conditions make our schools work for children of the poor; they are the real heroes of education," says Prof Jansen.

The Education Africa Lifetime Achievement Award for Africa is a highly regarded recognition on the world stage, awarded to individuals who focus the attention of the global community on the obstacles some of the poorest African nations face.

“He is a pioneering South African educator who is successfully transforming what was once a bastion of apartheid-era segregation and ideology into one of his country’s most inclusive and dynamic institutions of higher learning,” the organisers said in a statement.

As an extra honour to the UFS, one of its Council Members will also receive an award together with Prof Jansen at the ceremony in New York City next month. Ndaba Ntsele, also the Executive Chairman of Pamodzi Gold Limited and President of the South African Black Business Council, will receive the Education Africa Allegiance Award. This award is given to persons for their ‘steadfast support of the organisation [Education Africa] over many years.”

Prof Jansen’s other recent international awards and honours include the Alice and Clifford Spendlove Prize in Social Justice, Diplomacy and Tolerance from the University of California in the US and membership of the Laureate Chapter of the Kappa Delta Pi International Honour Society in Education.

For more information on these as well as the other awards Prof Jansen has recently received, click here.

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