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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.

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Want to make a difference in the world? Here is how.

2016-05-13

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Student Bursary Fund Campaign booklet (pdf)
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Student Bursary Fund Campaign launched: #FundAFuture and make a difference
Motho ke motho ka batho. A person is a person through others

We live in a world filled with want. Often, we ache to make a difference, but become overwhelmed and despondent when we look into this chasm of need. However, the University of the Free State (UFS) has created a way for each of us to change lives, in much the same way that the life of Nozi Bonje has been changed.

“Through the opportunities given to me, I realised that you don’t have to be defined by the school you went to. You can do so much more – and you can dream big dreams and realise them.”

Then
The early chapters of Nozi’s life story reveal a shy girl, hiding between the pages of her books on the playground of a township school. With barely a whisper, Nozi was slipping into a desolate future where dreams existed only in sleep.

Now
Today, that timid young girl has grown into a woman who throws her head back in effortless laughter, confidence sparking off her in bright arcs. What changed the trajectory of her future? Financial support for a tertiary education altered Nozi’s life permanently.

“If I didn’t go to university, I would have been this sad little person,” she remarks. “Studying is not just about learning from a textbook, though. It also challenges you to think critically. You start seeing things in a different perspective, and respond differently.”

Description: Nozi_FundAFuture Tags: Nozi_FundAFuture

Nozi Bonje
Photo: Sonia Small

Giving back
Funding enabled Nozi to obtain a BSc degree in Human Molecular Biology at the UFS in 2015. She was one of the top students in her class. Inspired and driven, she is currently pursuing an honours degree in Molecular Genetics, also at the UFS.

“My main dream is to make a difference in people’s lives. For me, it’s all about giving back, because so many people helped me throughout my journey.”

Student Bursary Fund Campaign
In order to help increase the number of lives transformed through higher education – such as Nozi’s – the UFS has established the Student Bursary Fund Campaign. This campaign aims to raise money to fund talented, deserving students who lack the financial means of obtaining a university degree. We cannot do this alone, though.

Your support is crucial.

Each contribution will bring us closer to our goal while changing the future of our youth. Visit our Giving page for ways to donate.

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