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19 February 2018 Photo Archive
Prof Sampie Terreblanche inspired many undergraduate students to become economists
Prof Sampie Terblanche, Prof Philippe Burger, and Prof Tienie Crous

It is with sadness that the executive management of the University of the Free State (UFS) received the news of the recent passing of Prof Sampie Terreblanche of Stellenbosch University.
 
Prof Terreblanche has been advocating social and economic justice for decades. During the 1980s and 1990s, he played an important role in keeping the debate about the need for socio-economic and -political reform in South Africa going. His position was not always popular, particularly among those who had a vested interest in the apartheid regime. After the dawn of democracy, he continued to argue for socio-economic and -political reform, and especially reform that would address the very high levels of inequality in South Africa.
 
Through his testimony before the Truth and Reconciliation Commission, as well as his seminal book entitled A history of inequality in South Africa: 1652 to 2002, Prof Terreblanche demonstrated that even though South Africa experienced a political transition towards democracy, it still needed to undergo an economic transition. Once again, he found that his position was not always popular, particularly among those with a stake in the old, but still existing economic order. Admirably, he nevertheless persisted to argue for socio-economic change, even in the last months of his life when he was already very ill.
 
Prof Terreblanche’s career started in 1957 as lecturer at the then University of the Orange Free State, later becoming senior lecturer. In 1965, Prof Terreblanche moved to the University of Stellenbosch as senior lecturer, becoming professor in 1968. He retired as Professor Emeritus in 1995.
 
As an academic who taught generations of undergraduate students, he inspired many of them to become economists. In 2005, the UFS conferred an honorary doctorate in Economics on Prof Terreblanche in recognition of his work in Economics and his relentless advocacy for social and economic equality.  

News Archive

DiMTEC and insurance industry join forces to address the vulnerability of communal and commercial farmers
2015-09-18

At the workshop on index-based insurance for the
agricultural sector were, from the left:
Dr Andries Jordaan, Johan van den Bergh,
Bertus Kruger and Henk Vermeulen.

The United Nations identified climate resilience as a major focus for future development to ensure a safer world for all. Tailor-made insurance and financial products ought to address the needs of the most vulnerable.

Recent research done by the Disaster Management Training and Education Centre for Africa (DiMTEC) at the University of the Free State on the vulnerability of communal and commercial farmers to external shocks highlighted the importance of insurance as an important disaster risk transfer tool. Insurance is generally unavailable to most vulnerable groups, such as communal farmers, small-holding farmers, and new commercial farmers.

For these reasons, DiMTEC invited the insurance industry and other experts to a workshop with the purpose of investigating the development of risk transfer products, especially for drought. They were the hosts of a workshop entitled “Global Resilience through Insurance and Index-Based Risk Transfer Products (IBRTP)”.

Bertus Kruger from Agriseker and Johan van der Berg from SANTAM, together with other experts, attended the workshop facilitated by Dr Andries Jordaan, Head of DiMTEC.

The group attending the workshop, agreed on the following:

- Establishing a UFS-DiMTEC-led research team to investigate the feasibility of index insurance products.
- Mobilising government support to develop risk transfer products for the most vulnerable.
- Initiating forum discussions on risk transfer products.
- Promoting collaboration between the private sector, government, and research institutions with the focus on resilience-building through financial and insurance products.

 

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