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05 September 2019 | Story Ruan Bruwer
Louzanne and her guide, Estean Badenhorst.
Louzanne Coetzee ran a new national record time in the 1 500 m in Paris. Pictured with her is her guide, Estean Badenhorst.
The blind UFS athlete Louzanne Coetzee has broken yet another national record.

The South African 1 500 m record in the T11 classification (totally blind) will have the same name next to it, but a new time – as the previous record also belonged to Coetzee.

She clocked a personal best time of 4:51:65 at the Paris Para Athletics Grand Prix meeting over the weekend. The previous record was set at the World Para Championships in London in July 2017. Coetzee is also the world record holder in the 5 000 m and the African record holder in the 800 m.

Her time in Paris is good enough to take her to a second Paralympic Games. The qualification standards for the games in Tokyo is 06:20.00.

Estean Badenhorst – as her guide – accompanied her. “I have run with him before but couldn’t make use of his services last year due to his study commitments. It is a great privilege to run with him. Estean is a fantastic strategic guide. I hope we can join forces again in the future,” Coetzee said. 

Emphasis now on 1 500 m 

The 800 m and 5 000 m are not on the Paralympic programme; this shifted her focus to the 1 500 m, in which she will participate at the World Para Athletics Championships in Dubai in early November.

“This is now my main focus in the run-up to the Paralympics next year,” says Louzanne. 

She has already qualified for the Paralympics in the marathon, but this will play second fiddle to the track, said the 26-year-old, who is doing her master’s in Social Cohesion and Reconciliation Studies this year.

According to Rufus Botha, a respected athletic coach who previously coached Coetzee, her time in Paris was excellent. “This predicts a great World Champs where Louzanne seems ready for her first medal at a World Championship,” he 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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