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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

Quantity Surveying celebrates many firsts

2014-10-20

From the left are: Pierre Oosthuizen, Prof Kajimo-Shakantu and Dr Stephan Ramabodu
Photo: Ifa Tshishonge

The Department of Quantity Surveying at the University of the Free State (UFS) has much to be proud of. With Prof Kahilu Kajimo-Shakantu as Head of the Department of Quantity Surveying, the department is celebrating several firsts.

For the first time, the department has four academics with PhDs. This includes Prof Kajimo-Shakantu, Dr Stephan Ramabodu, Dr Timothy Froise and Dr Benita Zulch. It is also the first time that this department is managed by a woman.

Furthermore, the Department of Quantity Surveying has performed very well at this year’s national Quantity Surveying Conference held in Pretoria, where they walked away with four of the seven awards.

The awards were:

•   Best presenter: Pierre Oosthuizen (lecturer)
•   Most innovative presenter: Pierre Oosthuizen (lecturer)
•   Best paper on engineering projects: Prof Kahilu Kajimo-Shakantu
•   Best academic paper: T Monyane (postgraduate student) and Dr Stephan Ramabodu (lecturer)

The South African Council for the Quantity Surveying Profession (SACQSP) also presented two prestigious life achievement awards. One of these were bestowed upon Prof Basie Verster from the UFS for his contribution to quantity surveying since the 1970s.

The university is especially proud of Dr Stephen Ramabodu, lecturer in the Department of Quantity Surveying, who completed his PhD this year. This makes of him the highest qualified quantity surveyor in the department and one of only a few holders of a quantity surveying PhD in the country. Dr Ramabodu is also registered with the South African Council for Quantity Surveying Professionals.

Prof Kajimo-Shakantu said the following of Dr Ramabodu. “Since 2002, Stephan was appointed as a lecturer in a programme called Grow Your Own Timber at the UFS. Later on, he went to Cape Town to gain some commercial experience, where he worked for Davis Langdon in 2005. In 2008, he returned to the Free State, where he established Ramabodu & Associates. Later on in the same year, he returned to the UFS as a lecturer to complete all the remaining milestones of the Grow Your Own Timber programme.

“The university looks forward to Stephen’s increased responsibilities and contributions, not only in teaching and learning, but also in research, mentoring and community engagement.”

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