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13 July 2018 Photo Johan Roux
Sikhululekile Luwaca named 100 Young Mandelas of the future
Sikhululekile Luwaca was recently named as one of 100 Young Mandelas of the future by News24 for his embodiment of Nelson Mandela’s characteristics.
On Tuesday 3 July 2018, News24.com announced the 100 Young Mandelas of the future. Among those nominated was Sikhululekile Luwaca, a former president of the Student Representative Council (SRC) at the University of the Free State (UFS).
 
“It is humbling. I embrace collective action and it would be unfair not to appreciate all the great minds I have encountered over the years and had the privilege to work with. Our individual progress can never be separated from that of the community. It is no longer I that lives, but us, we,” said Luwaca.

Six million readers nominated 1 000 South Africans from all walks of life who could be considered Mandelas of the future. Luwaca emerged in the Visionary category as one of the 100 who made the cut. The initiative was inspired by what would have been Nelson Mandela’s 100th birthday on 18 July 2018. “News24 set out to honour 100 young South Africans who embody the characteristics Mandela was best known for,” said a statement by News24.

While he was the SRC president, Luwaca’s office played a critical role in raising R1.2 million for underprivileged students. He continues to make major strides as the current chairperson of the UFS African National Congress Youth League (ANCYL). 

His social and political influence goes back to when a 13-year-old Luwaca founded an association that sought to address school dropouts in rural areas. In high school, the young philanthropist established an organisation that collected and distributed food for needy elders of Cathcart township in the Eastern Cape. For five years Luwaca served the Student Christian Organisation as chairperson. In 2013, he co-founded the Ubuntu School Project that donated 100 full school uniforms to Phomolong High School learners in Tembisa.

Later on as a UFS student, Luwaca helped found the Hand2Hand Student Association which drives fundraising initiatives, as well as the collection of non-perishable food items and second-hand textbooks for disadvantaged students. In 2015 he was elected a Residence Committee representative for House Outeniqua and SRC: Dialogue and Association. 

Luwaca was instrumental in facilitating a series of dialogues on transformation such as the Fees Must Fall movement and the Shimla Park incident.

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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