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08 September 2021 | Story Mr Temba Hlasho | Photo Sonia Small (Kaleidoscope Studios)
Temba Hlasho is the Exective Director: Student Affairs at the UFS.

Dear Students 

I trust that you are well and safe.

I am Mr Temba Hlasho, your newly appointed Executive Director: Student Affairs, and I am honoured to be of service to you.  The Department of Student Affairs wishes all the students a productive and academically friendly September. My goal is to build an engaging and open-dialogue relationship with student bodies to better understand their plight, which will then be used as a leveller for enhanced, positive working partnerships with colleagues in finding effective student solutions. And as you may already know, the Division of Student Affairs is often a good place to start when you cannot figure out what to do, where to go, who to ask, or are simply in need of a soundboard. 

As you continue with your final semester, I would like to remind you that my office is at your disposal to ensure the provision of social support, as well as co-curricular and extra-curricular activities aimed at enhancing your chances of academic success. Student Affairs service units are readily available to assist you in reaching your full potential inside and outside the lecture room. Please remember to visit our webpage for more information on our support services.  
On 19 August 2021, the South African Cabinet approved the vaccination of people between the ages of 18 and 35.  This milestone provides an opportunity for all students within the approved age categories to go out there and get vaccinated for your safety, health, and well-being.  During these uncertain times and a ‘new normal epoch’, I encourage you to take advantage of this opportunity and get vaccinated for your own safety and consideration for others.

My sincere gratitude to all students who participated in our virtual Student Affairs Week that unfolded during August; I encourage you to continue participating in our upcoming events.  Due to COVID-19 protocols, these activities will be held virtually: 

• The Institutional Student Governance Office’s (SGO) SRC elections are currently underway. On 15  September 2021, election campaigning will commence; all information related to the elections may be accessed here.

• Student Counselling and Development (SCD) will be hosting a World Suicide Prevention webinar, titled Suicide Awareness Day on 10 September 2021. SCD will also be hosting various webinars on Blackboard throughout the semester. 

• The Centre for Universal Access and Disability Support (CUADS) is commemorating 20 (twenty) years; activities of this celebration will be on the university’s website from 3 September 2021. 

September marks the annual Heritage Day in South Africa, and I invite you to embrace and recognise South African culture as the best means to showcase your cultural identities.  Over the past two decades, there has been a renewed focus on the preservation of the intangible cultural heritage (ICH). ICH manifests itself in the form of oral traditions and expressions, including language as a vehicle of the intangible cultural heritage; performing arts; social practices, rituals, and festive events; knowledge and practices concerning nature and the universe.

The global ICH crisis involves the indigenous loss of language experienced in several parts of the world, including South Arica. In passing down cultural heritage, language – among other aspects – is an integral part. As students of higher education institutions, particularly the University of the Free State, I challenge you to develop and implement creative and innovative ways of protecting and preserving the ICH. Our Arts and Culture Office is readily available to aid you in this regard. 

Hearty congratulations to the UFS Kovsie Netball Team on being crowned the 2021 Varsity Netball champions. As the UFS community, we are extremely proud of this achievement by the netball players and the technical team. 
I wish you all the very best for this semester. Please stay safe, wear a mask, wash your hands, sanitise, and practise social distancing.  Most importantly, stay away from crowded public spaces as far as it is practically possible. 

TS Hlasho
Executive Director: Student Affairs

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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