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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

Ensuring justice does not get lost in translation

2014-02-06

Court interpreters who have successfully completed a legal interpreting learnership.
Photo: Stephen Collett

The University of the Free State (UFS) is a taking a leading role in changing the face and character of the South African court system, infusing it with qualified professionals.

The university’s Unit for Language Facilitation and Empowerment partnered with the Department of Justice and Constitutional Development as well as the Safety and Security Sector Education and Training Authority (SASSETA). This union lead to 63 court interpreters successfully completing a legal interpreting learnership.

These newly-qualified interpreters will from now on render specialised interpreting services in courts across our country.

Addressing the audience at the diploma ceremony held on the Bloemfontein Campus, Dr Derek Swemmer, Registrar of the UFS, said translators have an important role to play. ”Translation is a gift to those who do not understand the language that a person is speaking,” he said.

In her speech, Nonkululeko Sindane, Director-General in the Department of Justice and Constitutional Development, said the qualification will improve the professional status of court interpreting. She added that the learnership is based on a broader government policy on skills development. She mentioned that eight of those who received qualifications have been permanently employed by the department.

Praising the university for its role, Abbey Witbooi, Chairperson of the SASSETA board, said the diploma will allow qualified learners to contribute to social and economic transformation. This will ensure the protection of human rights in the court setting. In addition, it also provides equal access to a fair trial in terms of effective communication. “The fact that this is a first in the republic, speaks volumes for the extent of the commitment of collective leadership to realise the transformation agenda,” he said.

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