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07 May 2019 | Story Valentino Ndaba | Photo Charl Devenish
Noko Masalesa
Noko Masalesa, Director of Protection Services, in conversation with students and stakeholders to plan a safe way forward.
Safety and security are human rights that constitute social justice. At the centre of the agenda at the University of the Free State’s (UFS) Social Justice Week held on the Bloemfontein Campus from 17-22 April 2019 were discussions about off-campus safety. Stakeholders agreed on an upgrade to security measures in order to ensure the success and wellbeing of the student population.

A call to students

Prof John Mubangizi, Dean of the Faculty of Law, in his capacity as representative of the UFS Rector and Vice-Chancellor, Prof Francis Petersen, expressed his view on institutions of higher learning no longer functioning as ivory towers. “For any initiative to succeed, collaboration is necessary between key roleplayers,” he said.

He aptly pointed out that: “We cannot underscore the importance of safety and security, not only for the university but also for the communities around us. What the university does benefits the community and vice versa. I pledge the university’s commitment to play a leading part to ensure that the collaboration works,” said Prof Mubangizi.

Beefing up security: Who is involved?

In view of the collaborative effort Prof Mubangizi alluded to, the engagement was twofold. First was the roundtable discussion facilitated by Protection Services which then escalated into a public dialogue where students had the opportunity to interact with external delegates.

The South African Police Services, Community Police Forum, Private Security, Mangaung Metropolitan Municipality, Provincial Commissioner, and Deputy Minister of Police were well represented in this critical conversation. Internally, members of Protection Services, Housing and Residence Affairs, Student Affairs, Institute for Social Justice and Reconciliation, Student Representative Council, and the Department of Criminology heard the plight of off-campus safety faced by students.

Changes in the horizon

The discussions culminated with recommendations which will see the future of student safety take a different direction. According to Skhululekile Luwaca, former SRC president, these include “the municipality’s commitment to immediately address issues such as street lights and enforcing by-laws, ensuring an integrated accreditation system, and drafting a policy for off-campus accommodation, running more crime awareness campaigns, and giving police patrols more visibility.”

In addition to resolving to set up a student safety forum with all the stakeholders, the Mangaung Metropolitan Municipality has invited the UFS to join Reclaim the City – a safety forum where practical solutions to crime are devised and implemented on a weekly basis.


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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