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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

All activities on UFS Bloemfontein and Qwaqwa Campuses postponed until Monday 26 October 2015

2015-10-22

All academic and administrative activities on the Bloemfontein and Qwaqwa Campuses of the University of the Free State (UFS) have been postponed until Monday 26 October 2015.

UFS students joined the national protests against the increases in class and study fees at universities across the country on Tuesday 20 October 2015.

All campuses of the UFS were closed down on Wednesday 21 October 2015 and a court interdict was granted the same day against conduct by anyone who intends to damage the property of the university or who interferes with the rights of others.

Additional security measures have been implemented at all residences on the Bloemfontein Campus today, and no acts of violence or intimidation have been reported in residences. The situation on the Bloemfontein Campus grounds is monitored carefully to ensure calmness.

Messages doing the round on social media today that management agreed to a 0% increase in fees in 2016 are not true. The university management are continuously communicating with the Student Representative Council (SRC), while working incessantly to restore peace and stability on the Bloemfontein Campus.

“Although the university management supports the right of students to protest, it has a responsibility towards the university community to ensure the safety of property and people, as well as the rights of other students who do not feel inclined to participate in this movement. The university management calls on non-protesting students to remain calm and to refrain from getting into any confrontation with protesting students. This is a trying time for universities across the country, and the main concern of the UFS management is to maintain stability on the campuses,” says Prof Nicky Morgan, Acting Rector of the UFS.

“We are committed to working together as institution in finding viable solutions to the plight of poor students at our university. The university management is also committed to participate in national initiatives to revise the manner in which universities are funded,” says Prof Morgan.

Information about the predicates and upcoming exam will be shared with students on the various communication platforms of the university on Friday 23 October 2015. Students who had to write tests or exams, but could not do so due to the protest action, will not be prejudiced.

Released by:
Lacea Loader (Director: Communication and Brand Management)
news@ufs.ac.za
+27(0)51 401 3422
+27(0)83 645 2454

Facebook message from UFS SRC (26 October 2015)

UFS welcomes Pres Jacob Zuma’s statement about 0% increase in tuition fees for 2016 (23 October 2015)

UFS postpones examinations to Monday 2 November 2015 (23 October 2015)

Letter to students from Prof Jonathan Jansen about student protest actions at the UFS (22 October 2015)

UFS obtains court interdict against protesting students - classes will resume on 22 October 2015 (21 October 2015)

UFS management closes down all three campuses on 21 October 2015 (20 October 2015)

UFS responds to concerns around high costs of higher education (Letter from Prof Jonathan Jansen -19 October 2015)

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