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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

Prof Danie Vermeulen appointed as dean of the Faculty of Natural and Agricultural Sciences

2016-03-18

As the new dean of the UFS Faculty of Natural and Agricultural Sciences, Prof Danie Vermeulen is resolute to place this faculty on the world map.
Photo: Anja Aucamp

The Council of the University of the Free State (UFS) approved the appointment of Prof Danie Vermeulen as dean of the Faculty of Natural and Agricultural Sciences during its meeting on 11 March 2016.

“Prof Vermeulen brings to the position of dean a set of formidable research and leadership achievements and a track-record of commitment to equity and diversity in the sciences," said Prof Jonathan Jansen, Vice-Chancellor and Rector of the UFS.

“It is a great honour that was bestowed on me to lead the faculty and it makes me feel very humble," said Prof Vermeulen.

Fifteen years ago, Prof Vermeulen joined the UFS as a researcher and lecturer. From 2007-2009 he filled the role of acting director of the UFS Institute for Groundwater Studies to subsequently be appointed as not only the director of this institute, but also associate Professor in Geohydrology.

As an alumnus, Prof Vermeulen has strong ties to the UFS. He acquired a BSc Honours, MSc, and PhD Cum Laude in Geohydrology here.This pursuit of excellence also transpires in his aspirations for the faculty’s future. “My vision is that the faculty becomes the best in South Africa in various departments – and recognised throughout Africa, especially in the applied sciences. In addition, the faculty will actively interact with world-leading universities, particularly in the hard sciences.”

Prof Vermeulen is a member of the Executive Committee of the Free State branch of the Groundwater Division of South Africa, member of the Executive Council of the International Mine Water Association, as well as council member at the Fossil Fuel Foundation of South Africa. In the past, he has held membership at the International Association of Hydrogeologists, South African Council for Natural Scientific Professions, Ground Water Division of the Geological Society of South Africa, Water Institute of South Africa, FETWATER Groundwater Initiative, and Editorial Board member of the scientific journal, Water SA.

Prof Vermeulen served as the acting dean for six months prior to his appointment. His appointment commences on 1 April 2016 for a period of five year.

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