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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

Qwaqwa Campus launches new degree in Community Development

2016-11-29

Photo (from the left): Morongoe Mohaleroe
(Department of Social Development), Albert Schoeman
(Assistant Dean: Faculty of the Humanities),
Dr Elsa Crause (Campus Vice-Principal:
Academic and Research), Grey Magaiza
(Programme Head: Community Development),
Dr Margie Maistry, and Prof Darren Lortan
(both from Durban University of Technology).

From 2017, the Qwaqwa Campus of the University of the Free State will offer a new professional degree in Community Development. This was revealed during the launch that was recently held on the campus.

Speakers acknowledged the positive contribution the new degree was expected to make in the region, especially in mobilising the civil society to join hands with the government in improving the quality of life in South Africa.

“There has always been a dire need for such a degree in this part of the country,” said Morongoe Mohaleroe, the Thabo Mofutsanyana District Director in the Department of Social Development.

“Our department is working hard at both national and provincial levels to professionalise this sector, and the qualification will definitely help in that regard,” she said.

Mohaleroe also thanked the campus for supporting her department with community-based research and studies by students.

Speaking during the launch, the Campus Vice-Principal: Academic and Research, Dr Elsa Crause, said the campus was proud to be the first in the country to offer this professional qualification.

‘‘What has brought us all here today, is history in the making,’’ she said to an audience consisting of a broad spectrum of stakeholders, including government and civil society structures like Save the Children and World Vision.

“Our campus will be the first in South Africa to offer this type of degree and a maximum of only 35 students will be accepted,” she added.

For more details, prospective students may contact Grey Magaiza (Programme Head: Community Development) at magaizag@ufs.ac.za or +27 58 718 5419.

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