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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

University welcomes new first-year students

2014-01-20

"Welcome to Kovsieland! The time of your life has just begun."

With these words Prof Jonathan Jansen, Vice-Chancellor and Rector, welcomed thousands of new first-year students. They attended a welcome ceremony with parents and guardians on the Bloemfontein Campus.

The arrival of first-year students saw the campus come to life, with the area in front of the Main Building turned into an open-air venue. A festive atmosphere prevailed, with live music filling the air and residences camping on the grass surrounding the area. Those who came out to welcome the new first-years, included members of the rectorate, the deans of all seven faculties and the student leadership.

"You are the smartest in the country," Prof Jansen told the new Kovsie students, informing them that thousands applied, but did not make it because of limited space. "We took the best students," he informed the large crowd, telling them that the more than 4 000 new Kovsies come from all over South Africa and the continent.

"This university is about high academic standards for its staff and its students. This is a place where we respect people, irrespective of where they come from, how they pray and how they love," Prof Jansen added.

Prof Jansen brought laugher to the audience, sharing tips for first-years from senior students, among them jewels like, "Wear flip-flops in the shower, you never know what the science students left behind" and "Don't keep your boyfriend back home, you never know what you will get at the university."

Phiwe Mathe, SRC President of the Bloemfontein Campus, added to the list of tips, telling first-years to have a hunger for knowledge and be open minded. "Participate in life on campus and ask important questions," he urged them. "There is plenty to learn at this university. "

Here is an idea where our students come from:
Eastern Cape: 395
Free State: 1701
Gauteng: 632
KwaZulu-Natal: 692
Limpopo: 333
Mpumalanga: 211
Northern Cape: 313
North-West Province: 243
Western Cape: 171

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