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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

UFS Postgraduate student council’s community project a success

2016-03-03

Prof Jansen Vice-Chancellor and Rector, Dr Henriette van den Berg, Director of Postgraduate School, and Mr Gustav Wilson, Regional Head: Development and Care, Free State and Northern Cape Region.

The University of the Free State’s Postgraduate Student Council embarked on a courageous community engagement project for Mandela Day in 2015. The programme was aimed at assisting offenders at Tswelopele Correctional Centre pass their matric exams, thus granting them access to tertiary education.

The Postgraduate Student Council assisted the 2015 matriculants with study support, and motivated them during their final examinations in 2015. The council will play a bigger role this year by offering offenders at Tswelopele career advice and career guidance for when they leave the correctional facility, as well as study techniques to assist them throughout the year, to ensure a 100% pass mark in 2016.

Offenders who had participated in the Postgraduate Student Council project attended the Postgraduate School’s Open Day on 19 February. Of the 12 offenders, 11 passed their matric exams, while one is currently busy with his supplementary exams. Tswelopele has a 92% pass rate; it is the best performing correctional centre in South Africa.

The Tswelopele Correctional Centre also serves as a full-time high school (Grade 10-12), and TVET College, assisting offenders to register for tertiary education through various universities.

Prof Jonathan Jansen, Vice-Chancellor and Rector of the University of the Free State, said that he was immensely proud of the matriculants from Tswelopele Correctional Centre. He added that it is vital for every human being to receive a second chance. “Rehabilitation programmes are meant to give offenders a second chance at life, because we cannot give up on humanity. Correctional centres and rehabilitation centres are a societal responsibility. Society must not give up on offenders, everyone deserves a second chance, and we cannot give up on humanity.”

“To our offenders going through rehabilitation and all our young people who are our hope for the future of our beloved country, be encouraged. Dream again. Discover the wonder in your lives,” said Mr Gustav Wilson, Regional Head: Development and Care, Free State and Northern Cape Region.

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