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18 February 2020 | Story Nomonde Mbadi | Photo Charl Devenish
Star of Stars Gala evening
Attending the Star of Stars gala dinner, were from the left: Mar'c Scholtz, Chairperson of the Star of Stars competition; Prof Francis Petersen, Rector and Vice-Chancellor; Kamohelo Mphuthi, Star of Stars 2019/2020 winner; MEC for Treasury in the Free State, Mrs Gadija Brown; and Nomonde Mbadi, Director: Student Recruitment Services

An evening among the stars, celebrating some of the Free State’s brightest learners. This was the backdrop for the annual University of the Free State (UFS) Star of Stars competition gala dinner held on 1 February. The event, hosted by the Department of Student Recruitment Services, recognises Grade 12 learners from quintile 1, 2 and 3 schools in the province, especially those from rural communities. 

In its fourth year of existence, the Star of Stars competition rewards learners for academic performance, leadership achievement, and community involvement. The top-ten entries are selected through an adjudication process, with the winner verified by external evaluators. 

Recognising top matriculants in the Free State 

Recognised for his achievements in the 2019 National Senior Certificate (NSC) examinations, Kamohelo Mphuthi, a former learner from Leifo-Iziko Combined School in Reitz, walked away with the Star of Stars 2019/2020 title. Kamohelo is currently enrolled at Kovsies for a BSc degree majoring in Actuarial Science. In his acceptance speech, the Karee Residence student said, “In everything that you do, strive for nothing but perfection. I hope to be a leader who is an academic, who is affable and approachable, and a leader who inspires those who came before me as well as the future winners”. 

A new category was introduced for the first time – Sparkling Personality.  The finalists chose the one star that lit the room, was friendly with everyone, with a sparkling personality.  The winner was Bianca Mafukama from Tsebo Secondary School in Phuthaditjhaba.

Nomonde Mbadi, Director: Student Recruitment Services, said entries for the 2019/2020 competition were of an exceptionally high standard. “Five learners from the top-ten group were part of the provincial top-hundred learners in the past NSC examination.”  

Improving the lives of those living in rural communities

She said the competition is a unique recruitment initiative driven by the Department of Student Recruitment Services and supported by the Centre for Teaching and Learning, Kovsie Counselling, Student Affairs, and Mr Joe Serekoane from the Faculty of the Humanities, to guide and support learners through career counselling, mentorship, and adapting to campus life. 

Addressing the audience at the gala dinner, Prof Francis Petersen, Rector and Vice-Chancellor, encouraged the top-ten finalists to pursue their dreams with a relentless courage and an aspiration to succeed. Also in attendance, was the MEC for Treasury in the Free State, Mrs Gadija Brown, who complimented the University of the Free State as a partner in improving the lives of those living in rural communities.

All the finalists received bursaries from the Kovsie Alumni Trust and the University of the Free State, as well as gifts from the Fidelity Foundation, Bloempapier, and the Bloemfontein Business Chamber. Hill Mchardy and Herbst Attorneys awarded internships to two finalists enrolled for the LLB programme. To add dazzle and sparkle, Bridal Co and Euro Suit sponsored each finalist with formal attire. 

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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