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11 February 2019 | Story Mamosa Makaya | Photo Francois van Vuuren
Star of stars
Thabang Sithela from L.a Wesi Secondary School is the 2019 Star of Stars here with Nomonde Mbadi, Director of Student Recruitment Services.

The Star of Stars Awards is a spectacular annual event that recognises and celebrates excellence among Grade 12 learners from Quintile 1-3 schools in the Xhariep, Motheo and Lejweleputswa regions of the Free State province. The office of Student Recruitment Services held the award ceremony on 2 February 2019, at the University of the Free State’s (UFS), Bloemfontein Campus. In attendance were Grade 12 finalists and their parents, senior leadership of the UFS and sponsors of the event.

Awards programme drives excellence

Participants in the Star of Stars award programme are cultivated from schools located in some of the poorest communities in the province, where they are faced with difficult social circumstances. The top 20 are selected using their June and September matric results, and from these the top 10 are selected using the criteria of academics, leadership, and community engagement. This year’s top award was presented to Thabang Sithela from La Wesi Secondary school in Nyakallong, Allanridge. He is registered to study for a degree in Geochemistry in the Faculty of Natural and Agricultural Sciences on the Bloemfontein Campus.

Accepting the top award Thabang encouraged other learners to remain steadfast “to be successful in life you have to remain positive, even in negative situations, so as not to find yourself remaining in that negativity”. The panel of judges comprised seven officials from various Bloemfontein-based organisations including the UFS, OFM and Kovsie Alumni Trust. The panel was chaired by Mar’c Scholtz of Brand Boss Creative, who praised the students for their unrelenting willpower in emerging top of their class. He further commended the office of UFS Student Recruitment Services led by Nomonde Mbadi, director of Student Recruitment Services, who conceptualised the programme in 2016, which has grown in leaps and bounds.

Fostering diversity and inclusion

The UFS Rector and Vice-Chancellor, Prof Francis Petersen, said one of the remaining challenges facing universities in South Africa is inequality, which permeates the circumstances of disadvantaged students when they join higher education institutions. He said the UFS aims to ensure that its student body is representative of society, with one of its goals being diversity and inclusivity. However, elements such as social class still hold students back. But despite this the students being awarded are a shining example of what it takes to beat the odds. “This is the most exciting time of your life, enjoy it,” Prof Petersen said.

The Star of Stars awards programme is holistic, empowering finalists with career counselling, mentorship, and guidance to campus life. The programme is key in incentivising students in the Free State to be high achievers, but most importantly to overcome their difficult circumstances, opening them up to greater opportunities in their student life and future careers.

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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