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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

Department of Architecture recognises excellence

2014-11-20

From the left are: Gary Westwood, Marius du Plessis and Henry Pretorius
Photo: Ifa Tshishonge
Front page design by Marius du Plessis

Marius du Plessis received the first prize in the Regional Corobrik Student of the Year Award for his design of a National Geothermal Research and Educational Centre in Johannesburg. The award ceremony was hosted by the Department of Architecture at the University of the Free State.

Anja Lareman was awarded the second prize for her Psychiatric Unit for the Deaf in Worcester and Mariska Peel received third prize for her design of a laboratory for the after oil epoch in Durban.

The Corobrik award for Best use of clay masonry brickwork was awarded to Valentino Moutzouris for his design of a Performing Arts Centre in Wynberg, Cape Town.

The event was well attended by architecture students who hoped to take home an award. Projects exhibited, received distinctions in one or all of the three main components, including design, the architectural theoretical treatise and building sciences.

“This is the greatest award that one could win in the Free State. It came with so much blood, sweat and tears, as I had to live, eat and work day and night at the same place in order to finish the project,” said Marius, master’s student in Architecture. He said that he hopes the project can be developed and implemented in mine shafts to solve the energy crisis in South Africa.

Henry Pretorius, Academic Departmental Head of Architecture, said: “It is vital for architecture to have a public interface. This event is to showcase the work of students and to make sure that it is accessible to the public. It encourages students to understand the value of their own work and its cognisance to society.”

Gary Westwood, Sales Manager of Corobrik Free State, Northern Cape and Lesotho region, said: “So far it has been an incredible journey. This annual event of 24 years is our way of giving back to the community who supports and sustains our business. It is wonderful to see how the architecture industry has adapted to a more sustainable way of design, by being part of the green movement.”

Marius will compete with other Corobrik winners from various universities on national level in April 2015.

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