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Faculty of Economic and Management Sciences receives funding from European Union

06 April 2021 | Story Dr Nitha Ramnath | Photo Supplied

Dr Johan Coetzee_web read more — Dr Johan Coetzee, Senior Lecturer and researcher in the Department of Economics and Finance and the UFS Business School

Dr Johan Coetzee from the Faculty of Economic and Management Sciences at the University of the Free State (UFS) is championing a collaboration with the Salzburg University of Applied Sciences (SUAS) in Austria, resulting in the receipt of a considerable grant from the European Union.

In 2020, the decision was made to apply for Erasmus+ funding from the European Commission; after a successful grant, a formal inter-institutional agreement was signed in March 2021. The agreement is the culmination of a relationship between the Department of Economics and Finance at the UFS and the Department of Controlling and Finance at SUAS since 2008. More specifically, the relationship is built on the collaboration between the UFS’s Dr Coetzee and Prof Christine Mitter from the SUAS, who was recently appointed as a Research Fellow in Finance in the department.

“I am extremely proud of the formalisation of the relationship between the two universities. In late 2019, a delegation led by the Dean of Economic and Management Sciences, Prof Hendri Kroukamp, together with Prof Philippe Burger and myself visited Salzburg to formalise and iron out the expectations regarding future collaboration,” says Dr Coetzee.

“The Erasmus+ grant pays testament to not only on-boarding expertise from a foreign university with a strong niche in being practically relevant to the Austrian society, but also to affirming the relationship with like-minded scholars to provide students with a culturally rewarding university experience. This agreement brings together two departments with a history of working well together, and now it is a formal manifestation of years of mutually beneficial teaching and research efforts,” says Dr Coetzee.

“On the back of this agreement,” concludes Dr Coetzee, “our departments are also currently finalising a proposal to offer a consecutive degree exchange programme where prospective postgraduate students will obtain two master’s degrees in the broader field of finance and spend time on both campuses. We look forward to this becoming a reality in the not-too-distant future.”

In addition to their teaching and research collaboration, several additional academics from the Department of Economics and Finance are also involved in the teaching collaboration. Research projects have also been concluded in the past, with future projects in the pipeline.

News Archive

Renewable energy systems an economical investment for the UFS

2017-06-14

Description: Renewable energy Tags: Renewable energy

The Qwaqwa Campus Arena equipped with freestanding
roof solar panels.
Photo: iFlair Photography

Renewable energy systems are said to be very expensive to implement initially, but in the long run they provide high economic returns.

With their decision to install renewable energy, the University of the Free State Department of Facilities Planning has now also adopted this innovative technology. They have chosen less capital-intensive solar power-generating options to generate electricity in various buildings and parking areas on all three UFS campuses.

“As per the UFS Energy Management Policy, all designs incorporate efficient, renewable energy sources varying from LED lights to solar power,” says Anton Calitz, Electrical Engineer in University Estates’ Department of Facilities Management.

South Campus taking the lead in renewable energy usage
In December 2016, a total of 26 solar-driven LED street-light poles were installed at the recently built Legae Residence’s parking area and the perimeter security area on the South Campus. This low-maintenance system improves security after dark and is independent of the national power supply, which is an important advantage during power outages. With no requirements for major earthworks and cable setting, operational costs are reduced.

The recently built infrastructure also takes pride in being the first to have a greywater system installed. This system will also be installed at three other residences on the Bloemfontein Campus in 2017. Greywater is made up of bath, shower, and bathroom sink water. The water is reused for toilet flushing, as well as for irrigation purposes.

Various UFS electrical operations to depend on solar power
On the Bloemfontein and Qwaqwa Campuses, the computer laboratories as well as the Thakaneng Bridge Student Centre and the projected Afromontane Research Centre will be equipped with freestanding roof solar solutions during 2017. These systems are designed to operate independently of the power grid (Eskom).

The systems only operate during sunlight hours when the PV solar panels are heated by the sun, making them suitable for operations such as ventilation fans, water pumps, and small circulation pumps for solar thermal water-heating systems.

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