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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

UFS focuses on human rights and anti-racism

2017-03-20

Description: "Bongani Majola Tags: Bongani Majola

Prof Bongani Majola and Prof Leon Wessels at
the launch of the FSHRC.
Photo: Supplied

Human rights are part of the dominant moral and political language of our time, and demand a multi-layered scholarly engagement. These discussions influence national and international relations, and set standards for political and democratic practice.

New Centre for Human Rights launched

Since the academic space is a microcosm of society at large, it is crucial that the University of the Free State (UFS) takes part in such scholarly discussions, drawing lessons and crafting solutions from these dialogues.

To this end, the new Free State Centre for Human Rights (FSCHR) was officially launched on 14 March 2017 at the Bloemfontein Campus of the UFS. Professor Bongani Majola, the newly elected chairperson of the South African Human Rights Commission (SAHRC), was the guest speaker at the event. The FSCHR began operating on 1 January 2016, under the leadership of Prof Leon Wessels, founding member of the SAHRC, as the acting director of the centre.

A priority on the centre’s agenda will be to uphold the February 2011 post-Reitz agreement between the SAHRC and UFS, which was subsequently made an order of the Equality Court. This order compelled the UFS to establish such a centre. The centre presents new opportunities for cooperation between the UFS and SAHRC and other stakeholders to benefit the UFS and the broader community.

Anti-Racism Week marked by IRSJ

The Institute for Reconciliation and Social Justice (IRSJ), in conjunction with the newly-launched FSCHR, the Anti-Racism Network of South Africa (ARNSA), and the Arts and Culture office of Student Affairs presented an event on Friday 17 March 2017 to mark Anti-Racism Week (14-21 March) and Human Rights Day (21 March).

This second annual Anti-Racism Week sees seven days observed for all institutions, organisations, and individuals to fight racism, with each day having an assigned theme, such as ‘Be Aware’ (14 March) and ‘BeCome’ (21 March).

“Battling racism
is a life-long
commitment”
—JC van der Merwe,
Acting Director, IRSJ

JC van der Merwe, Acting Director of the IRSJ, said, “Battling racism is a life-long commitment. It is time for us to tackle the problem head-on. Anti-Racism Week gives us the platform to communicate within the university, within our communities, but also at grassroots level. The idea this year is that we all BeCome champions against racism, not just during this week, but that it will become part of everyday life on our campuses.”

Talented UFS students perform a flash mob dance prior to a collaborative event to mark Anti-Racism Week and Human Rights Day.
Video: UFS Instagram

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