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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

Young Shimla team reach Varsity Cup semi-final

2017-03-29

The Shimlas will be hoping that some of their stars,
like the brilliant flanker Phumzile Maqondwana, will be
on form in the 2017 Varsity Cup semi-final against
Tuks in Pretoria.
Photo: Johan Roux

The pressure in the Varsity Cup semi-final is on Tuks, which will be reason enough for Shimlas to play with freedom.

This is according to Jaco Swanepoel, Shimla assistant coach, on the big challenge awaiting his young rugby team in Pretoria on 3 April 2017. He says because Tuks are the favourites, it could be to the advantage of the visitors. Maties and the University of Johannesburg are playing in the other semi-final in Stellenbosch on the same day.

Tuks did Shimlas a favour
Tuks’ victory of 43-28 over the Pukke in Potchefstroom on 27 March 2017 helped the Shimlas, who had a bye, to end fourth on the log with 23 league points.
Shimlas had to make use of several new players this year, and few experts would have given them a chance of reaching the semi-finals. Swanepoel says although they are proud of this achievement, only a place among the top four was never their end-goal.

Good to be the underdog
The Shimlas lost their league match against Tuks in Bloemfontein with 19-65. This, as well as the fact that Tuks was at the top of the log with 34 league points, underlines the huge task ahead.
“The previous result (against Tuks) is encouragement for the players to show: We aren’t that much worse than Tuks,” says Swanepoel. “Perhaps it is good to be the underdog. We actually have no pressure on us and I hope the players feel the same way.”

Three teams in knockout matches
All three Varsity Cup teams from the University of the Free State (UFS) reached the knockout matches. Apart from Shimlas, the UFS Young Guns played against Tuks in a semi-final in Bloemfontein on 27 March 2017, but lost by 21-45. On 17 April 2017, Vishuis will meet the Puk’s Patria in the residence finals.

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