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16 October 2024 | Story Anthony Mthembu | Photo Supplied
Sanlam and Santam
Top 10 finalists of the Sanlam and Santam Economist of the Year competition with Dr Genius Murwirapachena (right) and Prof Johan Coetzee (left).

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

Qwaqwa Campus launches transdisciplinary Afromontane Research Unit
2015-06-09

Dr Dipane Hlalele, Assistant Dean in the Faculty of Education on the Qwaqwa Campus; Dr Anofi Ashafa, Dean of the Faculty of Natural and Agricultural Sciences on the Qwaqwa Campus; Prof Corli Witthuhn, Vice-Rector: Research; Prof Sechaba Mahlomaholo, Dean in the Faculty of Education; Dr Geofrey Mukwada, Head of the Department of Geography; Dr Aliza le Roux, Head of the Department of Zoology and Entomology; Prof Prakash Naidoo, Campus Principal and Dr Elsa Crause, Academic Head on the Qwaqwa Campus.

The Qwaqwa Campus of the University of the Free State in the Eastern Free State boasts of one of the most beautiful and distinctive surroundings that will play a crucial role in fostering research in the under-researched area of the montane communities. This was revealed during the recent launch of the Afromontane Research Unit (ARU), the UFS flagship transdisciplinary research programme.

“This flagship programme has been in the making for about four years as our Qwaqwa Campus is set in a very interesting, unique, and mountainous place. The programme gained the momentum when the National Research Foundation (NRF) challenged each university to come up with their own single niche research area that would give them a unique research identity”, Prof Corli Witthuhn, Vice-Rector: Research, said during the launch.

”The Unit will develop the campus’s research capacity as we have already seen a huge increase in the research outputs by Qwaqwa staff. The campus already has seven scholars in the Vice-Chancellor's Prestige Scholars Programme (PSP), and there is notable excitement here. The Afromontane Research Unit will add to that research excitement as well”, she added.

Prof Witthuhn revealed that an application for the funding of the ARU had already been submitted to the NRF, and a positive response was awaited.

The PSP is an accelerated scholarship of junior UFS researchers in their first five years post-PhD. The prestige scholars participate in an intensive programme of support that includes international placement and intensive mentoring.

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