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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

Water use on campus

2015-12-14

Report water wastage on the campuses.

High temperatures and the fact that no rain was falling, puts pressure on the existing water supply. The Free State is one of the most arid areas in the country, and the province was also declared a drought area by the government.

It is therefore very important that the UFS community will use water sparingly – both where you live and in the workplace.

Report water wastage on the campuses by sending an email to news@ufs.ac.za or phone 051 401 3422.

Tips to use water sparingly in the workplace:
- Set up an inventory regarding water use and identifiable water management goals in your department. Control this to indicate progress.
- Keep a bottle of tap water in the fridge to avoid running the tap until the water is cold.
- Fill the kettle with water according to your needs.
- Sweep paving with a broom instead of washing it with water.
- Apply mulch to your garden, as it can reduce water use by up to 70%.
- Don’t rinse glasses and other dishes under running water. Plug the sink and reuse the water in the garden.
- Where possible, recycle water. Support projects making use of recycled water.
- When waiting for hot water to come out of the tap, place a bucket under the tap so that the cold water can be used later.
- Don’t let water run wild. Make sure all taps in the kitchen or bathroom are closed when leaving the office/residence.

Tips to use water sparingly at home:
- Showering can use up to 20 litres of water per minute. Take short showers, less than 5 minutes.
- Turn the tap off between washing your face, brushing your teeth or shaving
- Ensure that you have a full load of washing when using the washing machine.

Source: water tips: Rand Water, Bloem Water.

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