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18 April 2019 | Story Xolisa Mnukwa | Photo Tshepang Mahlatsi
Next Chapter
UFS Next Chapter prioritises mental health of students.

The conversation themed Who helps the helpers? kicked off with Next Chapter founder and spokesperson, Tshepang Mahlatsi, explaining the diversity and defining factors of the world, which are divided into a number of outlining categories, namely religion, social class, ethnic race, gender, age, and many other crucial aspects.

Tshepang explained that mental health outstrips all man-made boundaries because of one thing that the human race has in common, namely each individual’s capabilities to deal with stress. 

This conversation zoomed in on mental health within the Faculty of Health Sciences and its career spectrum.  According to Tshepang, “It is only in emergencies and extreme situations that people recall the importance of mental health, due to the stigma that surrounds the topic”.

Representatives from the Faculty of Health Sciences and the Department of Student Development and Counselling assembled in Metro 7 of the James Moroka Building to discuss ways of addressing the question Who helps the helpers?

Next Chapter, in collaboration with the Faculty of Health Sciences, further launched a power hour where certified health professionals are given a platform to address and interact with Health Sciences students in a safe and free environment.

Tshepang explained that the initiative strives to start a culture and create a space where anyone dealing with a mental illnesses or issue does not feel ashamed to seek help.

 

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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