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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

Short course in Applied Conservation Genetics developed at UFS

2014-08-22

Photo: en.wikipedia.org

During discussions with stakeholders in Kenya in 2013, a need was identified for training in conservation genetics with an African emphasis. In answer, Prof Paul Grobler from the Department of Genetics developed a short course in Applied Conservation Genetics.

Some of the phenomena studied in this field include:
• hybridisation between species such as blue wildebeest and black wildebeest,
• wildlife poaching and
• potential inbreeding in small game-farm populations.

From the onset, the course has been developed as an international venture. To this end, Dr Frank Zachos from the Natural History Museum in Vienna, Austria, committed himself to the project. Dr Jamie Roberts from the Department of Fish and Wildlife Conservation at Virginia Tech University in the USA also came on board. Both pledged their time and expertise to the course – without any financial gain.

Subsequently, our Department of Genetics presented this short course at the National Zoological Gardens (NZG) in Pretoria earlier this year. The team of presenters included Prof Grobler, Dr Zachos and Dr Roberts. They were joined by Dr Desire Dalton from the Research Division of the NZG, who added valuable practical experience to the presentations.

The course assumes a degree of prior knowledge of population and molecular genetics. A strong emphasis is placed on practical applications. The programme includes a strong component of statistics and hands-on training in the many approaches and software used in population genetics.

The group that attended the course included a contingent from the Namibian Ministry of Environment and Tourism, Dutch postgraduate students currently working at the University of Johannesburg and delegates from across South Africa.

This successful meeting followed an experimental first round of the course presented in Nairobi during 2013, attended by representatives from Kenya, Malawi, Nigeria, Mexico and Belgium.

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