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11 April 2019 | Story Zama Feni | Photo Supplied
School of Nursing 50 year anniversary
From the left: Mrs Cheslyn Petersen; Prof Magda Muller, Head of the School of Nursing; and Prof Francis Petersen, UFS Rector and Vice-Chancellor.

The University of the Free State (UFS) Rector and Vice-Chancellor, Prof Francis Petersen, hailed the institution’s School of Nursing as one of the flagship entities and prime examples of community engagement.

Addressing attendees at the 50th anniversary celebrations of the school on 6 April 2019, Prof Petersen said: “I believe that you have managed to find a balance between being at the scientific forefront in terms of research output and state-of-the-art simulation and other training technologies, and the values of care, service, and selflessness. 

History of the School of Nursing

Taking the guests down memory lane regarding the history of the school, Prof Petersen said the university accommodated Nursing students within the Department of Social Work in the then Faculty of Social Sciences from the year 1967. The Department of Nursing was subsequently created in 1969. At that point, there was no Faculty of Health Sciences, and the Department of Nursing remained in the Faculty of Social Sciences.

Growing from strength to strength


He said the School of Nursing has over the past 50 years gone from strength to strength, affecting the landscape of nursing in South Africa through its achievements and its alumni.

“In celebrating 50 years of nursing scholarship and education, it is important to understand that the discipline of nursing is firmly rooted within the community it serves.” 
“Without our stakeholders across many services, both public and private, we would not have been here tonight,” said Prof Petersen.

Head of the School of Nursing, Prof Magda Mulder, said the 50th celebrations were an important milestone which commenced with the appointment of Professor Idalia Loots as the first Professor of Nursing in 1969 in the erstwhile Department of Nursing.  
“Prof Loots’ views on graduate nurse education were visionary and saw the relatively small intake of students soar from between 16 and 20 to more than 80. Today, there is ample evidence in literature to support nursing education at graduate level, resulting in better nursing care, and fewer errors and lawsuits,” she said. 

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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