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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

Registration process not affected by power shedding

2008-01-24

The power shedding that has been affecting the country over the last few weeks has no effect on the University of the Free State’s (UFS) registration process and it is continuing as normal.

The Callie Human Centre in Bloemfontein, where the registration process of the Main Campus is taking place, is supplied with emergency power. Although power shedding is taking place on the rest of the campus, the centre is not affected by this. The registration process has been running smoothly so far.

“It appears that students are under the impression that the registration process is also affected by the power shedding and, as a result, they are turning up in smaller numbers than usual to register. This can cause problems for us later on because the registration process is divided into different categories of students and it takes place according to a predetermined programme,” said Mr Vernon Collett, Registrar of Academic Student Services at the UFS.

“If students do not keep to the registration programme it can create unnecessary delays in the registration process. I want to encourage students to keep to the predetermined registration dates that are applicable to them as the academic year will commence soon,” said Mr Collett.

Senior undergraduate students (that is students entering their second or later year of study) started registering on Monday, 21 January 2008. Students who applied for admission to the Main Campus after 30 November 2007 and were accepted, must register from 4 February 2008 according to a process applicable to them. Lectures will start on 4 February 2008 and the registration process will end on 8 February 2008. Registered modules can be amended from 4-8 February 2008.

Detailed information on the dates and times of registration for the various faculties and academic learning programmes is available on the UFS website at www.ufs.ac.za.

MEDIA RELEASE

Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za

24 January 2008

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