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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.

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Kovsies welcomes first-years into the fold

2015-01-20

Three first-year students from the Kestell residence that attended the first-year welcoming.
Photos: Johan Roux

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Few life experiences are as exciting as becoming part of a university. On Friday 16 January 2015, Kovsies embraced our first-year students into our family after great anticipation.

That evening, first-years and their parents streamed to the Red Square on our Bloemfontein Campus where they were formally welcomed. This event also served to kick off the 2015 Gateway Programme – an orientation programme for all our first-years.

Dr Choice Makhetha, Vice-Rector: External Relations, addressed the first-years and congratulated them on their excellent matric results.

“The fact that you are here is a testimony to the level you are able to work at,” Dr Makhetha said.“You will have fun and make friends at the UFS. Your friends will be from different backgrounds and speak different languages than you. Embrace it all. You are now a part of the UFS family.

President of the Student Representative Council (SRC), Mosa Leteane, also reassured first-years that they are where they belong – at a university that inspires excellence.“This is the only space where the university’s international relations give opportunity to first-years to travel abroad with our F1 Leadership for Change Programme,” Leteane said. “It is the only space where the rector openly talks to his students, without having an appointment. It is the only space in our country where no student goes hungry due to our No Student Hungry (NSH) Programme.”

The following evening provided a spectacular live show with well-known artists Karen Zoid and Vusi Mahlasela entertaining the crowd. They performed alongside the Free State Symphony Orchestra (FSSO) that added even more dazzle to this Gateway/NSH first-years concert.

On Saturday 17 January, the new-comers had an opportunity to visit their respective faculties and get to know the staff and facilities a bit better.

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