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04 November 2019 | Story Valentino Ndaba | Photo Charl Devenish
SK Luwaca at UFS Safety Summit for off-campus students
Sikhululekile Luwaca, leader of the UFS Safety Champions, addresses a delegation at the Higher Education Safety Summit from 18-19 October 2019 at the Bloemfontein Campus.

A meeting of minds over student safety recently took place at Kovsies. The Higher Education Safety Summit saw a cohort of 165 students from the University of the Free State (UFS), Central University of Technology and Sol Plaatje University, collaborating with the heads of Protection Services from the respective institutions to devise a safety blueprint specifically focusing on the off-campus environment.

“The rental tribunal came on board to assist with rental disputes between students and landlords, in addition to accreditation issues being discussed,” Sikhululekile Luwaca, former SRC President of the Bloemfontein Campus and leader of the UFS Safety Champions that form part of the Unit for Institutional Change and Social Justice.

Luwaca further said that the Mangaung Metropolitan Municipality also committed to assist the universities in addressing crime and enforcing by-laws. “A strategic safety plan was developed around spatialisation and zoning of student communes, developing a system that will assist universities to establish where students stay by using technology such as geographic information system (GIS),” he added.

What were the objectives of the summit?
Being the first of many to come, the summit set out clear objectives which all stakeholders have committed to work tirelessly to achieve, both in the short and long term.

The goals of the summit were threefold. Firstly, the intention was to build capacity between students and staff of all institutions involved to implement programmes by transferring the skills and knowledge between one another.

Secondly, the idea was to gather and consolidate input from the various higher-learning institutions and by so doing diversify the solutions. Thirdly, the purpose of the summit was to create an official platform where partners may consult on interventions that will ripple from the local, to the provincial and further to national level.

Andiswa Msomi, Spatialisation Group Leader and the Safety Champions’ administrator said she appreciated the shift in perspective that the summit brought. “The summit brought to my attention that sometimes we focus so deeply on one aspect of a problem that we end up not seeing alternative solutions. Due to active participants, new solutions came up, new ideas were brought forth and more importantly, we were able to get other institutions on board,” she said.

What are some of the tangible outcomes?
Going forward, an internal report which focuses on crime prevention measures will be presented to all UFS stakeholders. An external report, which will be submitted by the Safety Champions to the government in January 2020, is expected to be integrated into the Provincial Crime Prevention Strategy.

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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