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15 June 2022 | Story Leonie Bolleurs | Photo Leonie Bolleurs
from the left: Dieter Schwab and Alex Reither from Sky-Skan, and Prof Matie Hoffman, Barry Crous (Instrumentation), and Pat van Heerden (Department of Physics) from the UFS
During the installation of the new computer and projector equipment at the Naval Hill Planetarium, were from the left: Dieter Schwab and Alex Reither from Sky-Skan, and Prof Matie Hoffman, Barry Crous (Instrumentation), and Pat van Heerden (Department of Physics) from the UFS.

The Naval Hill Planetarium at the Centre for Earth and Space on Naval Hill was inaugurated on 1 November 2013. It was the first digital planetarium in Africa south of the Sahara. 

The Department of Physics at the University of the Free State (UFS) is responsible for the Naval Hill Planetarium (formerly the Lamont-Hussey Observatory). The department uses the planetarium to educate and inform citizens about the natural sciences. The planetarium, together with the Boyden Observatory, is also important for the display and communication of South Africa’s astronomical heritage.

The planetarium system was recently upgraded in a project that cost R6 million. According to Prof Matie Hoffman from the Department of Physics, it was time to upgrade the computers and graphic cards, and to replace the lamp projectors with laser projectors.

Funding for the state-of-the-art equipment came from the Faculty of Natural and Agricultural Sciences and the Information and Communication Technology Services (ICT Services) at the university. Businesses in Bloemfontein – First Technology and Raubex Construction – also contributed to the project. 

Presenting programmes more often

Planetarium specialists Dieter Schwab and Alex Reither from Sky-Skan Europe, based in Germany, installed the new equipment over a period of two weeks.

Prof Hoffman says the new equipment will enhance the experience of people visiting the planetarium for a close encounter with the wonders of the universe to deepen their appreciation of science and astronomy.

“Besides a clearer image with better colour, the new projectors will also be more economical to operate. This means we will be able to offer programmes at the planetarium more often,” he says. 

The upgrades also include new software. Prof Hoffman explains that the software will enable more sophisticated presentations and open the door to the use of the planetarium for higher level visualisation of scientific data where any large data sets with many variables are involved, such as climate science, astrophysics, and cosmology. 

Offering an incredible experience

After completion of the installation, a period of two weeks will be spent on training to master the use of the new equipment and the software. The public can expect the first show with the new equipment at the end of June. 

“I am most looking forward to the planetarium creating an incredible experience – better than in the past – for the public and increasing everyone's admiration and understanding of the universe. I also believe the planetarium is an excellent facility to improve students' skills in science communication, and it provides these students the opportunity to share their knowledge with the public,” concludes Prof Hoffman. 

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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