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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

Graduates should use knowledge to ‘re-dream society’

2016-09-19

Description: Spring Graduation 2017 Tags: Spring Graduation 2017

Dr Molapo Qhobela, CEO of the National Research
Foundation was the guest speaker at the
2016 Spring Graduation ceremonies on the
UFS Bloemfontein Campus.
Photo: Johan Roux

“The knowledge you receive, the skills and tools you have acquired, whether they are tools of time management, tenacity or brilliance, are what we as this emerging new society need to re-dream for the type of society we would like see in this country.”

These were the inspiring words of guest speaker Dr Molapo Qhobela to graduates of the University of the Free State (UFS) at the Spring Graduation ceremonies on 15 September 2016 in the Callie Human Centre on the Bloemfontein Campus. Dr Qhobela is the Chief Executive Officer of the National Research Foundation.

A total of 442 degrees, diplomas and certificates were conferred on graduates from six UFS faculties, namely the Faculties of Law, Humanities, Education, Health Sciences, Economic and Management Sciences and Natural and Agricultural Sciences.

Joyous atmosphere befitting a spring ceremony
The spirit at the spring ceremonies was truly inspiring, joyous and heart-warming. The jubilation from the audience as the procession entered the hall demonstrated the exhilaration of graduates and their families. The sense of accomplishment and pride reverberated as the graduates walked across the stage.

Graduates’ hard work and dedication applauded

“You endured what you had to
endure and you enjoyed what
had to be enjoyed.”

“You have worked incredibly hard and the privilege to walk across the red carpet only goes to those who were prepared to do the work,” Dr Khotso Mokhele, Chancellor of the UFS said.

He applauded graduates for the many hours and sacrifices they had to endure, saying: “You endured what you had to endure and you enjoyed what had to be enjoyed.” Dr Mokhele also mentioned the amazing Gold medal win at the 2016 Olympic Games in Rio de Janeiro of UFS star athlete, Wayde van Niekerk.

Distinctions awarded by the UFS.

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