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16 October 2024 | Story Anthony Mthembu | Photo Supplied
Sanlam and Santam
Top 10 finalists of the Sanlam and Santam Economist of the Year competition with Dr Genius Murwirapachena (right) and Prof Johan Coetzee (left).

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

Students translate documents for the aged
2007-11-08

 

As part of practical module in translation, third-year students in Translation Studies at the University of the Free State (UFS) translated a document for a group of aged people. The document is a guide for luncheon clubs of Age-in-Action, a non-governmental organisation working amongst the aged. The document contains information on how the aged can organise the group and the services they can render in the community. The document was translated into Afrikaans and Sesotho with the help of a group in Heidedal and Mangaung, respectively. As part of their course, the students had to meet with the management of Age-in-Action to find out more about the aim of the document. After that, they visited the groups in the community twice to gain information that would ensure that the documents fulfil the needs of the groups. The students attended to matters such as the type of language used by the groups, what the groups do with the document and the layout requirements of the groups, e.g. a larger font. The module in translation studies is presented as a community service-learning module, which means that students learn while rendering service in a community. They have the advantage of learning in a real-life situation and the community has the advantage of receiving a service. The aim is to develop knowledge which is to the advantage of the community. On the photo the translated document is handed to the leaders of the luncheon clubs. From the left, are: Ms Melita Pietersen (luncheon club leader), me. Karma Harvey (third-year student in Language Practice at the UFS), Ms Susan van Eck (luncheon club leader), and Ms Catherine van Rooyen (luncheon club leader).
Photo: Supplied

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