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31 January 2018 Photo UFS Archive
Young squad did it for Shimlas
The 11th season of this popular rugby competition started on Monday 29 January, with the scoreboard favouring Shimlas on 19 points versus the 17 points of Tuks.

The head coach of the Shimla rugby team is confident that the skills level of the players will stand them in good stead for the upcoming Varsity Cup.

The 11th season of this popular rugby competition started on Monday 29 January, with the scoreboard favouring Shimlas on 19 points versus the 17 points of Tuks. The Shimlas faced last year’s champions, Tuks, in Pretoria. 

The rest of the 2018 Varsity Cup season will have the Shimlas playing on 5 February against Maties (away); 12 February against Wits (home); 19 February against Ikeys (away); 26 February against UJ (home); 12 March against NWU (away); 19 March against Madibaz (home); and 26 March against CUT (home).

Head coach, Hendro Scholtz, believes his players have the ability to play at a high tempo for 80 minutes.

“We don’t have the biggest boys around, so we rely on our speed and ability to throw the ball around. You can focus on your defence as much as you like, but tries will be scored. You simply have to ensure that you outscore your opponents,” said Hendro.

With up to nine players from last year’s squad not available again in 2018, the Shimlas are entering the competition with a very young and inexperienced team. According to Hendro, the big dropout since last year is due to a number of reasons, such as students who finished their studies.

“We will have to battle this Varsity Cup with a very young team, of which 10 players were still U19 last year. We faced the University of Johannesburg in a warm-up match, and for many of them it was an eye-opener. The speed and intensity is at a higher level than they were used to at U19 level,” said Hendro, a former Shimla himself.

He will be assisted by Melusi Mthetwa and Jaco Swanepoel.

* The Shimla squad:
Backs: Sango Xamlashe, Carel-Jan Coetzee, Kurt Eybers, Dian Badenhorst, Frank van Heerden, Francois Agenbach, Arrie Pretorius, Rewan Kruger, Zinedine Booysen, Nakkie Naudé, Lubabalo Dobela, William Eybers, Francois Pretorius, Aya Oliphant, Charl Pretorius, Ruan Henning, Sechaba Matsoele, Athi Halom, Jarik van der Walt, Tiaan Schutte, Marnus Boshoff. Forwards: Johan Kotze (captain), Louis Cloete, Nardus Erasmus, JC Janse van Vuuren, Ruan Roelofse, Magau Mabokela, Jano Botha, Helgard Meyer, Wentzel Vorster, Hanno Snyman, Marco van der Merwe, Merwyn Roos, Raymond Woest, Sibabalo Qoma, Nathan Jordan, Benji Jan van Vuuren, Menzi Nhlabathi, Janco Cloete, Kobus Lombaard, Bertie de Bod, Rholane Ncubuka, Henk Pretorius.

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


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