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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

Special Edition of the Journal for New Generation Sciences launched at UFS

2016-10-26

Description: Journal for New Generation Sciences launched Tags: Journal for New Generation Sciences launched

Participants of the round-table discussion
at the launch of the Journal for New Generation
Sciences during the UFS Faculty of Education
colloquium which took place on 20 October 2016.
Photo: Oteng Mpete

The Journal for New Generation Sciences Special Edition was launched on 20 October 2016, at the Albert Wessels Auditorium, during the University of the Free State’s (UFS) Faculty of Education colloquium on the field of technological higher education and its contribution to the knowledge society.

Partnerships and knowledge production
Prof Laetus Lategan, Dean of Research and Innovation at the Central University of Technology (CUT), led the launch. “Higher education is not only about producing knowledge but it is also about fostering new relationships,” said Prof Lategan referring to CUT’s collaboration with the UFS Faculty of Education.

“Empowering people is important for capacity building, offering novice writers the opportunity to learn and a way to enhance their academic writing,” said Prof Lategan.

The Journal for New Generation Sciences is an accredited research publication in which scholars, internal and external to the institution, may publish. It accommodates national and international publications and showcases the university’s commitment to applied research.

Growing in leaps and bounds
According to Dr Somarie Holtzhausen, from the Faculty of Education’s School of Higher Education Studies, all papers are peer-reviewed by at least two experts. An editorial review also secures the quality of the paper. In 2014, when the journal was established, 30 contributions were submitted, although only 25 were successfully published.

“We turn down content not because it is not good, but unfortunately because it does not speak to the heart of the journal,” said Prof Lategan. With 60 peer reviewers, the journal’s contributors are assured that at least two peer reviewers will assess their article.

The Journal for New Generation Sciences supports both high-quality scholarly work of established researchers, and capacity building among new researchers.

During the round-table discussion various contributors to the journal spoke about their research and involvement in the publication of the journal.

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