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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

UFS provides an alternative route to a BEng degree

2014-06-04

Mr Louis Lagrange
Photo: Leonie Bolleurs

The university is very excited about the establishment of a new study field at Kovsies – a BSc degree with majors in Physics and Engineering subjects. The course is presented in the Faculty of Natural and Agricultural Sciences on the Bloemfontein Campus.

Project EnSci was established at the UFS at the beginning of 2014. Twelve first-years and four second-years enrolled for the course this year.

“We replace the non-core Physics subjects with Engineering subjects. We also present all specialist Engineering subjects ourselves,” says Louis Lagrange, project manager of Projec EnSci – Engineering Science.

“There isn’t enough space at universities in South Africa to accommodate all students who are interested in engineering. The UFS course can thus be considered a fundamental engineering course. It equips a student in such a way that they will be able to specialise in various disciplines,” he says.

After completion of the three-year BSc degree at the UFS, students may choose to:

• graduate with a BSc degree majoring in Physics and Engineering subjects and enter the professional world.
• study further for an honours, master’s or doctoral degree in Physics.
• apply to register for a second degree – BEng or BScEng (for two additional years) at another university recognising the BSc degree with majors in Physics and Engineering Science. Acceptance is subject to certain requirements.

Matriculants interested in this field, must follow the application procedure of the UFS before 30 September 2014 and achieve the following in the final NSC or equivalent examination:

• an AP score of 34 or more is strongly recommended,
• cumulative AP score of 13 or more in Mathematics and Physical Science,
• completion of NBT tests and
• language of instruction – 4 or more.

These prospective students also need to complete and submit an application form. For more information contact us at engineeringsubjects@ufs.ac.za

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