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16 October 2024 | Story Anthony Mthembu | Photo Supplied
Sanlam and Santam
Top 10 finalists of the Sanlam and Santam Economist of the Year competition with Dr Genius Murwirapachena (right) and Prof Johan Coetzee (left).

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

Investigations into incidents on the Bloemfontein Campus: 22-26 February 2016
2016-03-16

Investigations underway into incidents relating to the Varsity Cup rugby match at Xerox Shimla Park and all other criminal acts occurring during protest action

The senior leadership of the University of the Free State (UFS) commissioned a number of investigations into incidents relating to the Varsity Cup rugby match at Xerox Shimla Park on 22 February 2016, as well as into acts of criminal conduct occurring throughout the protest action in the week of 22 to 26 February 2016.

These investigations include:

1. An independent commission led by senior officials in the judiciary. The enquiry will establish the events before and leading up to the match, the tragedy on the field itself, and events immediately afterwards as the crisis spread around the campus, including the incident at Vishuis Men’s Residence the same night.
2. An inquiry about disciplinary and criminal responsibility. This includes the responsibility of students, staff where applicable, and outsiders on campus before, during and after the match, and during the protest action in the week of 22 to 26 February 2016. This will enable the university to take action for disciplinary purposes and to enable the laying of charges with the South African Police Service (SAPS) in criminal cases.
3. Led by the core team of 2006 auditors who did the first study on the transformation of the UFS, an empirical account will be provided on how far, or not, the university has come since the first comprehensive study on the subject. This report in part addresses the charge from some students or student leaders that nothing has changed or that transformation has not happened at the UFS.

The UFS Council endorsed and gave its full support to the investigations during its quarterly meeting on 11 March 2016.

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