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03 July 2018 Photo Johan Roux and Charl Devenish
UFS June graduation ceremonies inspire South Africa
Some of the moments during the 2018 June Graduation Ceremonies on the Bloemfontein Campus.

 Photo Gallery

The University of the Free State conferred about 1 900 diplomas, ACE/ACT certificates, and master’s and doctoral degrees across all seven faculties at this year’s June graduation ceremonies.

South Africa is in awe of UFS graduates who are driven by their passion for academy despite adverse circumstances, with a single goal in mind – achieving academic excellence and advancing their lives to a state of elevation.

From delivering five PhDs in the Department of Inorganic Chemistry, to securing 48 master’s degrees and 1 PhD in Sustainable Agriculture, to conferring a Master of Divinity degree cum laude to 75-year-old Dr Hanneke Meyer, the UFS June 2018 graduation ceremonies have proven that anything is possible once you set your mind to it.

UFS Chancellor, Dr Khotso Mokhele, urged that, “We need to do everything in our power to re-elevate the teaching profession to where it should be.”

Prem Govender, guest speaker at the School of Financial Planning Law’s graduation on Wednesday 27 June 2018, encouraged graduates to exercise integrity in their future professional lives, to recognise those who enabled them to succeed, and to strive to be beacons of hope in the lives of others.  “Second to the medical profession, financial planning is essential, as it ensures the financial wellbeing of society,” she said.
 
Advanced Certificates in Education and Teaching were awarded to our South Campus for Open Distance Learning. Greg van Schalkwyk, Principal of the Cape Academy of Mathematics, Science and Technology, reviewed technological changes across the past three centuries, highlighting that teachers are preparing students for the 21st century, the Information Age, and the Fourth Industrial Revolution. He urged teachers to follow their students' example, saying: "Never stop studying. My students keep telling me – 'Sir, if you don't know something, Google it!’”

Speaking at the afternoon graduation session for master’s and PhD graduates in the Faculty of Natural and Agricultural Sciences on 28 June 2018, Max du Preez, South African author, columnist and documentary filmmaker, said, “Intelligentsia search for the truth, because the truth matters.”

On the final day of the graduation ceremonies, the Rector and Vice-Chancellor, Prof Francis Peterson, addressed the audience by saying, “The values we strive to infuse into our knowledge enterprise are those of critical enquiry and receptiveness to alternative ideas: to question, ask, and debate constructively; but we also impart the value of service.” He concluded by sharing that, “To be of service to your community, to the country, the continent, and even to the world is the role graduates are expected to play.”

Inspiring stories:

Security officer overcoming obstacles to obtain master’s

Hanneke Meyer obtains master’s with distinction at 75

Wednesday 27 June 2018

09:00

Description: 2018 Prem Govender small Tags: Prem Govender, Adv Shirly Hyland, School of Financial Planning Law, Graduation

 “Second to the medical profession, financial planning is essential as it ensures the financial well-being of society.” 
Prem Govender

WATCH: UFS June Graduation Ceremony 27 June 2018 ( morning session)

14:30

 


Description: 2018 Greg VSW small Tags: South Campus School of Open and Distance Learning, ACT programme, Greg van Schalkwyk

"Never stop studying. My students keep telling me; 'Sir, if you don't know something, Google it!'" 
- Greg  van Schalkwyk, Principal of the Cape Academy of Mathematics, Science and Technology

Watch: UFS June Graduation Ceremony 27 June 2018 ( afternoon session)

Thursday 28 June 2018

09:00

Description: 2018 Max du Preez small Tags: South Campus School of Open and Distance Learning, ACT programme, Greg van Schalkwyk

"Intelligentsia search for the truth, because the truth matters.”
- Max du Preez, South African author, columnist and documentary filmmaker 

WATCH: UFS June Graduation Ceremony 28 June 2018 ( morning Session)

14:30

 Description: 2018 student June grad small Tags: UFS graduation, June graduations

“We need to do everything in our power to re-elevate the teaching profession to where it should be.”
– Dr Khotso Mokhele

WATCH: UFS June Graduation Ceremony 28 June 2018 ( afternoon session)

Friday 29 June 2018

14:30

Description: 2018 Friday afternoon session small Tags: UFS graduations, June Graduations

“To be of service to your community, to the country, the continent, and the globe is the role that graduates will play.”
-Prof Francis Peterson

WATCH: UFS June Graduation Ceremony 29 June 2018 ( afternoon session)



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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