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21 May 2019 | Story Xolisa Mnukwa | Photo Charl Devenish
Bloem Campus Open Day 2019
2020 Prospective Students get a taste of varsity life at UFS Bloemfontein Campus Open Day.


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Matric learners from all over South Africa, together with their parents, teachers, and some Grade 11 learners, attended the University of the Free State (UFS) Bloemfontein Campus 2019 Open Day on 11 May, to investigate whether the UFS can meet their expectations and spark a dream concerning their careers.

A glimpse of what prospective first-years can expect in 2020

The UFS has seven faculties: Economic and Management Sciences, Education, Health Sciences, the Humanities, Law, Natural and Agricultural Sciences, Theology and Religion, and an additional Open and Distance Learning on its South Campus, and the Business School. On Open Day, learners had the opportunity to attend faculty exhibitions offering course information, teaching aids, models, and much more, demonstrating the high calibre of teaching and learning facilities at the UFS, as well as innovation and technology-based education. Learners were also exposed to interaction with academics and the deans of the faculties, motivational talks by senior students in the respective faculties, as well as members from the Student Representative Council (SRC), Kovsie FM, Student Wellness, the UFS Student Library, and Student Recruitment Services.

Why study at the UFS?

According to an honours lecturer in the UFS Department of Architecture (Faculty of Natural and Agricultural Sciences), the UFS, just like any other South African university, would be an obvious choice of study for students interested in architecture, because it is accredited by the South African Council for the Architectural Profession, as well as internationally. However, what sets the UFS apart, is the fact that lecturers have close working relationships with their students in the department, allowing them to track and understand their students’ work, academic progress, and skills development. The Department of Architecture, just like other departments in the seven faculties of study offered at the UFS, pride themselves on selecting top-tier learners to pursue their studies and moulding them into competitive professionals who will thrive in the working world. 

The UFS prides itself on being a research-led, student-centred, and regionally engaged university that aims to produce globally competitive graduates through a renewed and transformed curriculum.
 
Seventeen-year-old Zwelethu Ndabezitha from Phoenix in KwaZulu-Natal, who wants to become a quantity surveyor, said: “I want to apply everything I’ve learned into rebuilding and transforming my home town”. Learners such as Zwelethu stand a chance to realise their dreams and develop by means of dynamic scientific education, as well as independent and critical thought-enhancing education provided by the UFS.

For more information about pursuing studies at the UFS, visit the UFS prospective students’ website where learners can also apply online.

 

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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