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21 October 2021 | Story Xolisa Mnukwa

The University of the Free State (UFS) is currently developing a COVID-19 Regulations and Required Vaccination Policy that all students will have to adhere to in 2022. This policy is being developed to ensure a safe environment for all staff and students upon their return in 2022. 

The university is taking these measures to minimise the risk of exposing staff and students to infection and to enable a safe return to all three UFS campuses next year. However, the university will implement the policy in such a way that it will adequately accommodate individuals who are choosing not to get vaccinated for legitimate reasons.

In order to encourage our students to make the responsible choice by keeping themselves and others safe, the UFS Division of Student Affairs (DSA) is launching a COVID-19 Vaccination Drive that will take place from Monday, 25 October to Wednesday, 27 October 2021.

The programme is as follows:


Monday, 25 October 2021
When: 11:00-14:00
Where: outside Gate 5, UFS Bloemfontein Campus
What: Live performances by students, KovsieFM, KovsieTV, Vox Pops, free UFS branded T-shirts, and giveaways

Wednesday, 27 October 2021
When: 11:00-14:00
Where: Thakaneng Bridge
What: Live performances by local artists and students, KovsieFM, KovsieTV, Vox Pops, free UFS branded T-shirts, and giveaways

COVID-19 Vaccination panel discussion

The Vaccination Drive will conclude on Wednesday, 27 October 2021 with an online panel discussion titled: COVID Vaccination. Informed Youth. Informed Decisions. 
The discussion will start at 16:00 on MS Teams, and students are welcome to join us and ask for advice or clarification about the vaccine from our panel members. The link will be provided soon.

Facilitator: 
Dr Musa Mthombeni, Local TV personality

Panel members include:
Tshepo Moloi, Alumni and Economist representation business sector
Dr Musawenkosi Donia Saurombe, Youngest female PhD holder, lecturer and UFS Alumni
Jerry Thoka, ISRC President
Vusumzi Gqalane, SRC Policy and Transformation on the UFS Vaccination Policy
Asive Dlanjwa, South African Union of Students (SAUS) spokesperson
Victor Sekekete, Free State Cheetahs Rugby Player
Shaxe Khumalo, Entertainment Industry


For more information on the vaccination drive, contact Rethabile Motseki, motsekir@ufs.ac.za or Michelle Nothling at NothlingM@ufs.ac.za 

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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