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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

Drama students awarded National Arts Council bursaries

2016-05-04

The National Arts Council (NAC) has awarded R100 000 to 10 Drama students at the University of the Free State (UFS). Eight years after its establishment in 2005, the NAC has partnered our university in funding academically-deserving students needing assistance with tuition. To date, our undergraduate students have benefitted from more than R800 000.

Prof Nico Luwes, Head of the Department of Drama and Theatre Arts, who applies to the NAC at the end of each year on behalf of students, welcomes the funds: “Quite a lot of our students would not have been able to complete their studies without assistance from the bursary scheme.”

As a result of this financial injection, South African schools also gain. “Some students then enrol for a higher education diploma, and they then teach Arts and Culture at schools. Hence, there is a whole new generation of Arts and Culture teachers who are now entering the school system,” said Prof Luwes.

Mbuyiselo Nqodi, a second-year BA Drama and Theatre Arts student, would not have been able to enrol at the university in 2015, had it not been for the NAC. “Without the bursary, I would not have been admitted into the university. It helped a lot because R10 000 can go a long way.”

Pursuing its mandate to support and develop South Africa’s arts, culture and heritage sector, the NAC awarded 117 bursaries to arts students and tertiary institutions for the year. A total of R5 million has been allocated for 2016, a 10% increase on the previous financial year.

According to the NAC Chief Executive Officer, Rosemary Mangope, one of the aims of the NAC is to provide support to students who will contribute to the arts and culture industry in a meaningful and sustainable manner.

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