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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

Situation on the UFS Bloemfontein Campus under control after further disruptions

2016-02-23

State of our campuses #8

Further disruptions occurred on the Bloemfontein Campus of the UFS today after clashes between students on the campus last night. Members of the Public Order Policing had to disperse some students and the situation was stabilised in the early hours of the morning. No one was arrested and no major injuries occurred.

The clashes erupted last night after a group of protesters moved on to the field and disrupted a Varsity Cup rugby match that was already under way between the FNB Shimlas and the FNB Madibaz at Xerox Shimla Park. Subsequently the protesters were assaulted by some spectators who also ran on to the field.

Disruption continued this morning when students damaged some university property. Additional reinforcements from the South African Police Service were brought in to stabilise the campus. Some outsourced contract workers and students are still demonstrating outside the Main Gate of the campus on Nelson Mandela Avenue. The campus is relatively calm now and matters are under control.
The safety of students in residences on campus is the major concern for the senior leadership of the university and extra care is being taken to ensure their safety. In one case a residence had to be vacated and alternative accommodation was arranged for the students. The situation is under control in other residences.

The Bloemfontein and South Campuses are closed from 23 to 24 February 2016 and no academic and administrative services are available.

Members of the university’s Protection Services and the South African Police Service are on the Bloemfontein Campus and are monitoring the situation closely.

A comprehensive investigation about the course of events that took place on the Bloemfontein Campus since yesterday morning continues.

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