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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

The Great Pool of Exhilaration

2015-02-11

Photo: Albert van Biljon

Photo gallery

Boys’ roars and ladies’ shouts could be heard from miles away. From this, one could tell that the 2015 first-year’s Swimming Gala was bound to be an exciting one.

While RC Sports members were stressing, the first-years blissfully continued in song and excitement.

One would think that, after a hectic first week of classes, first-years would not have much energy left, but the atmosphere proved that Residence Committees (RCs) had prepared the individuals with rather motivating pep talks before the event. Most male residences put their best foot forward, not holding back on themed attire and additional instruments, while female residences sang and danced to the music provided. Not only were the masses competing to claim that they had the greatest spirit on this night, but they were also waiting to hear the results of the Spirit Cup for the first-years’ Athletics, which was cut short due to heavy rain showers. This simply added to the already intense anticipation of first-years and RC Sports members, as they would receive the results only at the end of the event.

The competition was tough as many of the first-years who competed moved with ease in the water as though it was second nature to them. This year’s gala saw quite a few talented, national swimmers competing, which left those who swam for pride and points intimidated. The excitement of the crowd was heightened as the relay section of the programme approached. This meant that the winners were to be announced soon.

In the ladies’ section, the residences were placed:
• 1st – Marjolein
• 2nd – Wag-‘n-Bietjie
• 3rd – Sonnedou

In the men’s section, the residences were placed:
• 1st – Armentum
• 2nd – Vishuis
• 3rd – Karee

When the time arrived for the announcement of the Spirit Cup winners, many were hopefully clenching their hearts for their name to be roared out. In most people’s opinion, it came as no surprise when Armentum walked away with the Spirit Cup for both the first-years’ Athletics and the Swimming Gala. Furthermore, Armentum’s broader South College community – of which Emily Hobhouse, Marjolein, NJ vd Merwe and Villa Bravado are also part – walked away with the cash prize for the best mascot.

By end of the night, everyone, no matter if they were drenched or dry, experienced the exciting sporting atmosphere at Kovsies that they’ve now become a part of.

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