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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

Former CEO of the Nelson Mandela Foundation receives an honorary doctorate from the UFS
2015-07-08

Dr John Samuel.
Photo: Johan Roux

“Having spent the most of my life in public service, it is a great pleasure to receive recognition from the University of the Free State (UFS) for the work that I have done,” Dr John Samuel said in his acceptance speech at this year’s Winter Graduation, where an honorary degree was conferred on him.

The renowned educationalist’s remarkable merit was recognised by the Faculty of Education in the Thursday 2 July 2015 graduation ceremony. Dr Samuel was awarded the honorary doctorate for his enormous role as a national and international strategist in the education system.

The early 1960s proved to be a prelude to Dr Samuel’s lifelong journey as a teacher, policy analyst, administrator, and advisor. In addition to South Africa, he has served with compassion in various countries including Zambia, Ghana, Nigeria, and the USA.

In the dawn of South Africa’s democracy, Dr Samuel served as Head of the Education desk, developing new policies for the field of education and training. One of his many pivotal achievements has been serving the Nelson Mandela Foundation as Chief Executive Officer. Furthermore, South African’s Department of Education has reaped the benefit of appointing him as the Deputy Director-General.

From 1998 to 2000, Dr Samuel was the Senior Programme Director of the WK Kellogg Foundation in the USA.

The Chief Executive Chairman of the Oprah Winfrey Leadership Academy for Girls inspired graduates with warm words. “Graduation is a special time for everyone. It is now the time to convert what we have learnt into useful action. We need every pair of hands to help and inspire, and instill hope,” he said.

Rewarding the active role of a national and global leader in education symbolises the university’s commitment to public service, academic excellence, and transformation.


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