Latest News Archive

Please select Category, Year, and then Month to display items

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

African values important for transformation, says deputy minister

2007-11-06

The Deputy Minister of Education, Mr Enver Surty, says real transformation in education cannot take place if African values and belief systems are not put at the centre of educational practices.

Mr Surty was speaking last night at the launch of the Centre for Africa Studies at the University of the Free State in Bloemfontein.

According to the Deputy Minister of Education, the launch of the Centre for Africa Studies at the University of the Free State shows a strong commitment by the university to transformation.

“It shows the readiness on the part of the institution to create and consolidate space for African epistemologies as a way of reclaiming our African identity”, Mr Surty said.

He said the launch provided all stakeholders with a golden opportunity to influence curriculum development in schools so that it better reflects the understanding and the desire to learn more about Africa. He said this cannot happen without a sound knowledge produced by Africans, which can then be shared with the rest of humanity.

“It is no longer tenable that African scholars should take a back seat and merely consume, often uncritically, knowledge systems that have been produced and sifted through other minds. Similarly, our intellectual pursuits cannot take place in isolation. Indeed our fountains of knowledge could only be deepened with more exposure to, and critical engagement with other systems of knowledge across the world”, he said.

According to the Director of the Africa Studies Programme at the UFS, Prof Phillip Nel, the Centre for Africa Studies will focus on the issues and challenges of Africa and make the context of Africa a part of the UFS’s academic activities in a sustained and innovative way.

The centre will closely co-operate and liaise with prominent African initiatives and structures like the African Union, Pan-African Parliament, Southern African Development Community (SADC), Economic Community of West African States (ECOWAS) and many others.

Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt.stg@mail.ufs.ac.za

Back

Economic and Management Sciences

Education

Health Sciences

The Humanities

Law

Natural and Agricultural Sciences

Theology and Religion

Open Distance Learning

Business School

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept