Latest News Archive

Please select Category, Year, and then Month to display items

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

Prof Tredoux turns theories regarding the formation of metals on its head

2013-09-17

Prof Marian Tredoux
17 September 2013

The latest research conducted by Prof Marian Tredoux of the Department of Geology, in collaboration with her research assistant Bianca Kennedy and their colleagues in Germany, placed established theories regarding how minerals of the platinum-group of elements are formed, under close scrutiny.

The article on this research of which Prof Tredoux is a co-author – ‘Noble metal nanoclusters and nanoparticles precede mineral formation in magmatic sulphide melts’ – was published in Nature Communications on 6 September 2013. It is an online journal for research of the highest quality in the fields of biological, physical and chemical sciences.

This study found that atoms of platinum and arsenic create nanoclusters, long before the mineral sperrylite can crystallise. Thus, the platinum does not occur as a primary sulphur compound. The research was conducted at the Steinmann Institute of the University of Bonn, Germany, as well as here in Bloemfontein.

Monetary support from Inkaba yeAfrica – a German-South African multidisciplinary and intercultural Earth Science collaborative of the National Research Foundation (NRF) – made this research possible. Studies are now also being conducted on other metals in the precious metal group, specifically palladium, rhodium and ruthenium.

The discovery of the nanoclusters and the combination with arsenic can have far-reaching consequences for the platinum mine industry, if it can be utilised to recover a greater amount of platinum ore and therefore less wastage ending up in mine dumps. This will signify optimal mining of a scarce and valuable metal, one of South Africa’s most important export products.

For Prof Tredoux, the research results also prove thoughts she already had some twenty years ago around the forming of platinum minerals. “Researchers laughed in my face, but the evidence had to wait for the development of technology to prove it.” Young researchers were very excited at recent congresses about the findings, since the new models can bring new insights.

“Chemistry researchers have been talking about platinum element clusters in watery environments for quite a while, but it was thought that these would not appear in magmas (molten rock) due to the high temperatures (>1 000 degrees celsius).”

Prof Tredoux has already delivered lectures at congresses in Scotland, Hungary, Sweden and Italy on this research.

Read the article at: http://www.nature.com/ncomms/2013/130906/ncomms3405/full/ncomms3405.html

Back

Economic and Management Sciences

Education

Health Sciences

The Humanities

Law

Natural and Agricultural Sciences

Theology and Religion

Open Distance Learning

Business School

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept