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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

Prof Jonathan Jansen steps down as UFS Vice-Chancellor and Rector
2016-05-16

Statement by Prof Jonathan Jansen, Vice-Chancellor and Rector of the UFS (pdf)

Statement by Judge Ian van der Merwe, Chairperson: UFS Council

Prof Jonathan Jansen will step down as Vice-Chancellor and Rector of the University of the Free State (UFS) on 31 August 2016.

He will take up an invitation as a Fellow at the Center for Advanced Studies in the Behavioral Sciences at Stanford University in the USA in September 2016. The fellowship, which was awarded to him earlier this year, is an opportunity for him to further advance his career as an internationally renowned academic in education. Prof Jansen’s departure is a great loss for the university, but the Council accepts his decision to step down and pursue his academic career as well as other opportunities.

The Council is grateful for the vision and the inspirational leadership that Prof Jansen provided during his tenure at the UFS. He has led the university through difficult and complex times – from after the Reitz incident up until the recent student protest actions. He brought stability and respect for the university – nationally as well as internationally.

The Council appreciates Prof Jansen’s drive to further the academic performance and transformation of the UFS. To this end he was instrumental in the improvement of student success and graduation rates, the increase in the percentage of academic staff with doctoral qualifications, the increase in research outputs, the growth in staff diversity, and the growth in third-stream income.

Furthermore, Prof Jansen played a significant part in developing the UFS as a place where the embrace of diversity and the integration of the university provide a backdrop for academic excellence. Under his leadership, the UFS made great strides in fulfilling its social responsibility to serve the community. He was the right leader at the right time for the university.

On behalf of the Council and the entire university community, I thank him for his contributions as a capable, energetic and dedicated leader and wish him the best for his future.

Prof Jansen was appointed as Vice-Chancellor and Rector on 1 July 2009 and his term of office was extended for another five years by the Council on 1 July 2014. 

In the event that the position is not filled by the end of August 2016, Prof Nicky Morgan, current Vice-Rector: Operations at the UFS, will act as Vice-Chancellor and Rector. The Council will shortly start the process to appoint a successor through a national and international search.

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