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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

Harmony contributes to Right to Learn campaign
2016-04-28


Harmony, a residence on the Bloemfontein Campus of the University of the Free State, recently made a contribution to the Right to Learn campaign. From left is: Tiisetso Magampe, Residence Assistant Finance at Harmony, Pulane Malefane, Harmony Residence Head, Sikhulekile (SK) Luwaca, Student Representative Council (SRC) Associations, and Johan Diedericks, Harmony SRC Guardian. Photo: Palesa Matsolo.

Harmony, a residence of the University of the Free State (UFS), recently used a breakfast for academic achievement to also make a contribution to the Right to Learn Campaign. The first-year residence on the Bloemfontein Campus of the UFS donated R6 300 to the campaign, which was started in response to the dire need for financial relief for academically deserving students from underprivileged backgrounds.

 

On 9 April 2016, the event was concluded with a Right to Learn poem and the handover of a cheque to the Student Representative Council (SRC) towards the campaign. The SRC launched the Right to Learn campaign on 30 October 2015 as a supplementary initiative to the #FeesMustFall movement. The proceeds will be channelled towards reducing the number of students who will face de-registration in 2016, to the SRC textbook bursary, and to food bursaries.

 

According to Pulane Malefane, Head of Harmony Residence, the breakfast was held to celebrate the academic achievements of the residence. Harmony prides itself on academic excellence, and instils this value into its first years at the beginning of the year.

The best academic achievers were recognised, according to their performance during matric. This was done in order to encourage the students to keep on excelling at university.

Harmony also acknowledged its student leaders motivating the first–year students.

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