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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

Institute launches Human Rights Desk

2013-10-22

Attending the launch of the first Human Rights Desk were from left: Prof Teuns Verschoor, former Vice-Rector: Institutional Affairs, Dr Leon Wessels, human rights activist and lawyer, and Dr Choice Makhetha, Vice-Rector: External Relations.
Photo: Huibrecht Hoffman
22 October 2013

The university has created another beacon for social justice and reconciliation with the launch of its first Human Rights Desk (HRD) on the Bloemfontein Campus. The HRD, which falls under the Institute for Reconciliation and Social Justice, will promote, protect and monitor human rights at the university.

Speaking at the launch of the HRD, Prof Andre Keet, Director of the Institute for Reconciliation and Social Justice, said the desk will investigate reported violations of human rights on campus. "It will investigate any cases that require investigation, as well as various other projects that serves the university and national and international imperatives as far as human rights is concerned.”

Prof Keet told students and staff in attendance that the desk is an expression of the university's commitment. "As a university, we have to own this particular desk, as a collective entity we should make it work and be proud of it. Our task is to build a new form of productivity into the language of rights, and build a culture of human rights among our students, which we can already see emerging."

Also speaking at the event, Prof Jonathan Jansen, Vice-Chancellor and Rector, said the HRD will be a place where people can come who are hurt. He encouraged students to speak on human rights anywhere in the world. "I want you to think of yourself as a borderless human being, for human rights are not geographically confined. I want you to also hurt when somebody in a mall in Kenya gets hurt."

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