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29 July 2022 | Story André Damons | Photo André Damons
UFS Traditional Medicine
Recardia Schoeman, Scientific Officer in the Department of Pharmacology, gave Prof Paul Waako, Dr Samuel Baker Obakiro, and Dr Richard Oriko Owor from the Busitema University a tour of the department and its laboratories.

Prof Motlalepula Matsabisa, Director of Pharmacology at the University of the Free State (UFS), played host to academics from the Busitema University in Uganda for benchmarking on traditional medicine and to establish collaboration between the two institutions.

Prof Paul Waako, Vice-Chancellor of the Busitema University – who was part of the visiting party – and Prof Francis Petersen, UFS Rector and Vice-Chancellor, signed a collaboration agreement that enables the two institutions to work together and to get involved in the exchange of expertise as part of the collaboration.

Dr Samuel Baker Obakiro, Lecturer of Pharmacology and Therapeutics and Head of the Department of Pharmacology, and Dr Richard  Oriko Owor, a natural products chemist, accompanied Prof Waako on the visit to the UFS from 18 to 21 July, during which they undertook tours of various departments and laboratories, including Pharmacology, Virology, Chemistry, Genetics, Physics, Microbiology, and others. They also visited FARMOVS.

 

Establishing collaboration

Uganda – through their Ministry of Science, Technology, and Innovation – has a national drive to ensure that science contributes to socio-economic development through their major national agenda, which promotes local production, reduces importation, and increases exportation of goods. Dr Monica Musenero Masanza, Minister of Science, Technology, and Innovation, wants to ensure that the capacity of Ugandan scientists to conduct applied research will promote national development and reduce poverty.

Prof Waako said they came to the UFS to establish collaboration, as universities have an obligation to ensure that science improves the socio-economic situation in Africa. They would like to work with the UFS to ensure that science strengthens science in order to serve the people.

“Currently, one of the biggest challenges is the local manufacturing of pharmaceuticals, and that is why we came to the Department of Pharmacology. We need to come together as African universities and use all the existing capacities to transform the lives of our people.”

“African traditional medicine has a lot to offer, and a lot of research has been done, but we have not been able to take it to the level of final commercialisable products. This is the reason of us coming here, we want to create that link to ensure that the science – which has already been identified and established – is able to move to product production,” says Prof Waako.

 

At the right place

They decided to visit the UFS after meeting Prof Matsabisa during his visit to their country’s universities as part of the WHO team.

According to Dr Obakiro, when walking down the corridors of the department, they can see that they are in the right place. “We are also looking at mentorship, as our university is still very young. I am happy and privileged to be here. We cannot succeed on our journey if we do not stand on your shoulders.”

Dr Obakiro said they are also looking at how to set up partnerships between academia and industry, as well as collaboration between the different academic departments, such as pharmacology, chemistry, microbiology, and virology, and how these collaborative initiatives can be effective and efficient to drive their agenda.

In welcoming the colleagues from West Africa, Prof Matsabisa said, “Let’s find a way to crawl together and eventually run together. If you want to move into drug discovery and development, no single scientist can do it alone, it is a multidisciplinary approach. It is a team effort with a shared vision. We have some experience that we can share with you, but we are not perfect, and I think we can learn together.”

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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