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16 October 2024 | Story Anthony Mthembu | Photo Supplied
Sanlam and Santam
Top 10 finalists of the Sanlam and Santam Economist of the Year competition with Dr Genius Murwirapachena (right) and Prof Johan Coetzee (left).

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

Students learn how to prepare for the workplace
2013-10-18

Attending the information session were, from the left: Shelagh Foster and Phiwe Mathe, SRC president of the Bloemfontein Campus. 
18October 2013
Photo: Johan Roux

  Your First Year of Work: YouTube video

Getting a foot in the door with potential employers is a struggle for the inexperienced, more so for fresh out of school graduates who don't know how to put a CV together, can’t spell or dress properly when meeting employers. 

Launching her book Your First Year of Work: A Survival Guide, communications expert Shelagh Foster highlighted  these facts and others during an information session on the Bloemfontein Campus. Students who attended gained a wealth of information from her and Prof Jonathan Jansen, Vice-Chancellor and Rector, who shared tips on how to prepare for the workplace and be successful in their job search. 

Shelagh explained how a request from a graduate to do an internship at Media Online, where she had formerly worked as editor, made her decide to teach jobseekers the basics of verbal and written communications. She told the audience that the e-mail request from a female student, was littered with mistakes and left her with questions such as "what if she is really smart, has something to offer the company, but just don't know how to send an e-mail?" 

Practical advice she gave, include dressing properly for a job interview, knowing who you communicate with when addressing an e-mail, as well as finding out as much as possible about the company you are applying to. 

* Your First Year of Work: A Survival Guide  addresses the unwritten codes that exist in the workplace that need to be understood by interviewees and new employees battling to get ahead once they've finished with matric or university. 

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