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29 June 2022 | Story Nonsindiso Qwabe | Photo Supplied
Enactus Qwaqwa Campus
Owning Their Future – Enactus students on the Qwaqwa Campus.

Empowered by the Enactus platform, a group of students on the Qwaqwa Campus are planting seeds of lifelong goodness in the Qwaqwa community.

Enactus is an international non-profit organisation that equips students to improve the world through entrepreneurial action by providing a platform for teams of outstanding students to create community development projects that put communities at the centre of improving their own livelihoods.

The group of seven students, namely Salima van Schalkwyk, Lehlohonolo Mokoena, Tubatse Moloi, Jennifer Links, Boikanyo Madisha, Bonagani Makwakwa, and Vuyo Mbamba, who are all pursuing undergraduate degrees in various disciplines, form part of Enactus.

Van Schalkwyk, the team leader and second-year Bachelor of Community Development student, said being part of Enactus has enabled them to make a tangible difference in the community around them.

“[As a team], we always assumed we knew what people go through on a daily basis, but we were in for a surprise. Despite the beautiful mountainous views of Qwaqwa, the people are in pain, one that is a cycle. When we look at all that we have discovered, all that we have heard and seen, we are moved to give the people of Qwaqwa a hand in being lifted to the surface.”

Leaving footprints of greatness for future generations

The team is currently competing in various competitions that seek to bring about social change. In 2021, the team was selected by MTN ICT as part of the top 12 nominees countrywide, receiving funding to develop an app that will assist students with mental health challenges. Apart from developing the app, they are also working on 7 Seeds, an agricultural enterprise that seeks to address the agricultural difficulties of a farm they identified in Qwaqwa.

Van Schalkwyk said they will be participating in the Enactus National Competition on 14 July 2022 and are gunning for the Enactus World Cup that will take place in Puerto Rico in October this year.

“Our vision as Enactus students is to create a better, more sustainable world for future generations. In the current economic situation our country is in, we believe that social entrepreneurship is the key to economic development and empowerment. Through Enactus, we hope to inspire many more students to submerge themselves in entrepreneurial activities. We live to leave footprints that lead to greatness for future generations,” she said.

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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