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06 March 2020 | Story Ruan Bruwer | Photo Supplied
Nomsa Mathontsi
Nomsa Mathontsi has been training with the South African senior women’s football team since Monday (03/02).
Whether she takes to the field or not, being part of the senior national women’s soccer team is already an accomplishment, says Nomsa Mathontsi. 

The BAdmin student in Economic and Management Sciences has been chosen for the Banyana Banyana squad for the first time. They face Lesotho on Sunday, 8 March 2020 in an international friendly in Johannesburg. There could be two Kovsies on the field, as Mating Monokoane, another University of the Free State student, was selected for Lesotho’s team. Both of them are midfielders.

The 21-year-old Mathontsi, who has been part of the Kovsie football team since 2018, says it will be a dream come true for her to wear the national colours. “Even if I don't get to play, I will still be proud of myself for being able to take on the challenge of going to camp and giving myself a chance to show my talent.”

“We have been together since Monday, 2 March 2020 and it has been the best experience, especially the fact that football has put me in the high-performance centre (South African Football Association girls’ academy), and now I get an opportunity to be with Banyana for the first time.”

“I was shocked when I got the call, but excited to face the challenge because it's never easy to get a call-up to Banyana, you need to work for it,” she says.

According to Mathontsi, who grew up in Mamelodi, Pretoria, her first love was athletics, but that changed during the 2010 World Cup in South Africa.
“I was an athlete back in primary school and it just so happened that I was selected to play football, which I never really enjoyed. I also had the opportunity to be part of the 2010 FIFA World Cup ceremonies, where I developed a love for football.”

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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