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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

New publication on groundwater remediation soon to be introduced

2017-05-05

A new book from Prof Abdon Atangana from
the UFS Institute for Groundwater Studies
proposes new techniques for groundwater
remediation, including guidelines on how chemical
companies can be positioned in any city to avoid
groundwater pollution.
Photo: Pixabay

A new publication, Fractional Operators with Constant and Variable Order with Application to Geo-Hydrology, will be published later this year, on 1 November 2017. The author, Prof Abdon Atangana, from the Institute of Groundwater Studies at the University of the Free State, said the book proposes new techniques for groundwater remediation, including guidelines on how chemical companies can be positioned in any city to avoid groundwater pollution.

Focus of the book
Prof Atangana said researchers and practitioners interested in groundwater modelling and remediation from applied mathematical and geo-hydrology backgrounds, will benefit from reading this book.

According to Elsevier, the book provides a physical review of fractional operators, fractional variable order operators, and uncertain derivatives to groundwater flow and environmental remediation. It presents a formal set of mathematical equations for the description of groundwater flow and pollution problems using the concept of non-integer order derivative. Both advantages and disadvantages of models with fractional operators are discussed.

“Researchers and practitioners
interested in groundwater modelling
and remediation from applied
mathematician and geo-hydrology
backgrounds, will benefit from
reading this book.”

About the author
Prof Atangana specialises in applied mathematics, groundwater modelling, fractional calculus and their applications, methods for partial differential equations, methods for ordinary differential equations, iterations methods, asymptotic methods, perturbations methods, and numerical method for fractional differential equations, uncertainties analysis. He has participated in 18 international conferences, organised six special sections and symposiums in international conference in Europe, Africa, Asia and USA, and has been invited as plenary speaker in eight international conferences. He also serves as editor on 20 international journal of mathematics and applied mathematics and editor-in-chief of two international journals of applied mathematics.

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