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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

Penny Siopis recipient of the prestigious Helgaard Steyn Award

2015-12-15

Vanya Terblance (ABSA Trust representative) hands over the award to Penny Siopis
Photo: Valentino Ndaba

On Friday 4 December 2015, Penny Siopis, the well-known Cape Town-based artist, who has been exhibiting her work locally and internationally since 1975, was presented with the 2015 Helgaard Steyn Award and a prize of R 550 000 for her painting entitled Swarm.

A quadrennial award lunch was hosted by the University of the Free State (UFS) Johannes Stegman Gallery in conjunction with the Helgaard Steyn and ABSA Trusts. The Helgaard Steyn Trust was established by the estate of Dr Jan Steyn and was named after his father and his brother who was the last president of the Orange Free State Republic.

Swarm, a 2011 painting using ink and glue on canvas, depicts a swarm of bees in a complex, dynamic, and intense manner. It earned the prestigious award that is dedicated to the promotion of artistic culture based on the adjudicators’ unanimous decision. Angela de Jesus, curator of the Johannes Stegmann Art Gallery at the UFS, Annali Dempsey of the University of Johannesburg Gallery, and Prof John Botha, Associate Professor in Art History at North West University, made up the 2015 panel of judges.

On receiving the award, Siopis thanked the Steyn family, the judges, and the people who nominated her. “I am struck by how fantastic it feels to be acknowledged. It is extraordinary when people are struck by what was your own world and the intensity buzzing in your head.”

According to Prof Botha, “Naturally the work of art is chosen on grounds of artistic merit and in the context of contemporary values with regards to both form and content.”

The award-winning painter studied Fine Arts at Rhodes University and Portsmouth University in United Kingdom. Apart from lecturing Fine Arts at the University of the Witwatersrand, she is an honorary professor at University of Cape Town Michaelis School of Fine Art. She has also taught at the Natal Technicon in Durban.

Siopis has received numerous awards for her work, including a British Council Scholarship, a Merit Award at the 2nd Cape Town Triennial, and the Atelier Award for a residency at the Cité Internationale des Arts in Paris, in addition to the Alexander S Onassis fellowship for research in Greece.

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