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11 July 2018 Photo Johan Roux
GLS explores global view on gender and intersectionality
Students share their views on hard- hitting global issues

Race, gender, and inequality, a sharp focus in modern society, was discussed at the first session of day two of the Global Leadership Summit (GLS), on 10 July 2018. A panel discussion was led by Prof Ahmed Bawa, CEO of Universities South Africa and Prof Danie Brand, Director: Free State Centre for Human Rights at the University of the Free State (UFS).

Identity and gender issues important to youth
During the panel discussion, Dr Yvonne L Terrell-Powell from Edmond Community College, Seattle, in the US, spoke on the expectations put on first-generation students as they enter the higher education space. “In the United States when I was a student, in predominantly black universities, the expectation was to be involved in civic and political engagements, and not to only study.” Intersectionality was discussed and how identity is used as a criterion for exclusion, marginalisation and the perpetuation of all forms of “isms” and disregard of minority groups such as LGBTIQ+ communities. Other panellists included Pura Mgolombane, Dean of Student Affairs at UFS, Dr Vivienne Felix, Director: Experiential Learning, New York University, Margo Van Muylder, a student from the University of Antwerp, and Dr Segun Obadire, Director of International Relations at University of Venda.

Delegates were entertained by an Arts and Social Justice Theatre Production Psalm 69 and a play named Cosmology and Culture; Patriarchy. A dialogue on the play ensued between the audience and members of the cast who discussed abuse of women and the disabled, and the role of men, with experiences shared from a global perspective.

Reconciliation and transformation give hope
The second session commenced with a panel discussion on reconciliation and transformation titled “Stepping up and committing to change: A vision for the youth in terms of socio-economic reconciliation and transformation”. The session was moderated by Prof Francis Petersen, UFS Rector and Vice-Chancellor, alongside Dr Glen Taylor Senior Director: Research Development at UFS, with panellists from various sectors such as business, student leaders, human rights organisations and the Bloemfontein Business Chamber.
 
Ndaba Ntsele, Executive Chairman of Pamodzi Group and former UFS Council member and panellist spoke of the ability to overcome challenges that can hold one back. “You need to decolonise and detribalise yourself, see yourself first as a human being, never fear or feel that your background can hold you back.” Dr Glen Taylor, Senior Director: Directorate Research Development, spoke of the impact of research that is being produced at UFS. “Instead of the number of articles published, we need to ask what the impact is of our research in society.”

The summit is a joint programme between the UFS International Office, Student Affairs and the Institute of Reconciliation and Social Justice. It will continue with more panel discussions, robust engagements and more activities until 14 July. The programme includes an excursion to Kimberley and the Galeshewe township in Northern Cape. Delegates will have the opportunity to attend the annual Vrystaat Kunstefees/Free State Arts Festival which will be held on the Bloemfontein Campus from 10-14 July, as well as other African theatre productions.

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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