Latest News Archive
Please select Category, Year, and then Month to display items
![]()
The closing date for the submission of nominations for five members of the Convocation to the Excom of the Convocation was 18 May 2020 at 16:30. A total of six nominations were received and scrutinised, after which two nominations were declared invalid due to substantial non-conformance with the requirements laid down. The remaining four candidates are thus elected to the Excom and will serve for a period not exceeding five years.
We wish to congratulate the following four officials (in alphabetical order) with their election to the Excom of the Convocation:
1. Dr Pieter Bettings
2. Ms Ntombi Nhlapo
3. Mr Ntakuseni Razwiedani
4. Ms Nokuthula Sithole
A meeting of the Excom of the Convocation will be scheduled to discuss the one remaining vacancy in the Excom.
We wish to express our sincere gratitude to all those who participated in this process as well for their interest in, and commitment to the University and its affairs.
Received from: The Registrar and the President of the Convocation
Cornell academic focuses on international trade in inaugural lecture at the UFS
2013-11-12
 |
Prof Muna Ndulo
Photo: Stephen Collett
12 November 2013 |
Prof Muna Ndulo, Professor at the Cornell Law School, delivered his inaugural lecture as Extraordinary Professor in the Department of Mercantile Law at the University of the Free State (UFS). The topic of his lecture was: Facilitating regional and world trade through international trade.
With this topic, Prof Ndulo said that trade is a recognised contributor to the Growth Domestic Product of countries and its role can be used to reduce global poverty and inequality. “Although Africa’s GDP is 5-6% on average, with a positive increase in direct foreign investments, its meaningful participation in world trade has been decimal,” he said.
Trade between African countries is 12%, which is the lowest in the world. This is in comparison to intercontinental trade in European states (72%), North America (48%), Asia (52%) and 26% in Latin America. The EU and USA are Africa’s key export markets. High transport costs, import substitution, intra-regional transactions, conflict of rules and bills of exchange remain as challenges. There are also no common standards with regards to the development of manpower as an important factor in production.
Prof Ndulo suggested solutions which Africa can use to achieve harmonisation. This includes the introduction of normative rules designed in a framework of a treaty. A modern law approach could be used to develop legislation and ensure uniformity; and lastly, the formulation of commercial customs and practice. “Harmonisation demands a high level of expertise and quality research,” said Prof Ndulo.
He added: “When legislation is developed, it must resemble the needs of our trade laws in order to maximise benefits.”
He concluded that, for harmonisation to be achieved, the political environment must play a major role in regional and world trade.
Prof Elizabeth Snyman-Van Deventer, Head of the Department of Mercantile Law, made sincere closing remarks on how much we as a continent have become an enemy of our own self by not having trade relationships among ourselves as Africans. Prof Snyman urged those in the legal fraternity to be part of the harmonisation of trade laws and eliminate the barriers by improving legislation.