Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
31 August 2018 Photo Godfrey Ndoda
UFS Mobile Clinic - an exemplary framework of innovation
Free State Department of Health and the UFS Faculty of Health Sciencesentered into a partnership set to improve primary health care in the Free State society.

The Coordinator of Community Engagement and Rural Health in the Faculty of Health Sciences, Dr René Botha, described the unveiling and handing-over ceremony of the University of the Free State (UFS) Faculty of Health Sciences’ Mobile Clinic as “an auspicious and phenomenal occasion in the history of the faculty, and the institution as a whole”.

This mobile healthcare service will align itself with the current mobile service offered by the Free State Department of Health (FSDH) and will include an optometry service. This is the first service of its kind and aims to expose students and the broader community to mobile primary healthcare on rural platforms.

This collaboration between the Faculty of Health Sciences and the FSDH is believed to change and improve lives.   

“The purpose of the clinic is to enrich current primary healthcare measures that were implemented through valuable collaborations. This will result in the betterment of community members who have limited access to healthcare resources,” explained Dr Botha.

UFS medical students have been working on a continuous healthcare programme that started in 2016. The programme operates in areas in the southern Free State, where students engage with the community, schools, clinics, and are making home visits to residents in the area. The main purpose of the programme is to find solutions to key healthcare problems in the region. 

The MEC of Health, Montseng Tsiu, addressed the audience and explained, “implementing primary healthcare holistically through the mobile clinic, will benefit residents in rural areas who have a lack of facilities”. 

According to Prof Francis Petersen, UFS Rector and Vice-Chancellor, the mobile clinic is an example of the innovation framework that cultivates the university’s mandate. The mandate stipulates the creation and maintenance of equitable partnerships with the province, the FSDH, the Department of Education, and many other crucial stakeholders that will ensure the imparting of knowledge, excellence, and quality in contributing to society.

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


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