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01 March 2022 | Story Jóhann Thormählen
Alumni reflection

Alumni from the University of the Free State (UFS) are making their mark locally and internationally.

The UFS is committed to keeping its alumni informed, engaged, and connected with each other and their alma mater.

In 2021, the university hosted international and local events, webinars, reunions, and celebrated many achievements as part of these endeavours.

International connections

COVID-19 made us rethink our identity and citizenship. Expert voices from around the world were invited by Prof Francis Petersen, UFS Rector and Vice-Chancellor, to reconsider these views in a webinar series.

In partnership with the South African Chamber of Commerce in the United Kingdom (UK), the ‘Courageous Conversations’ was launched on the theme of ‘The Global Citizen’.

A UK Alumni Connect evening was hosted in London, where Lord Peter Hain was the guest of honour. The UFS met old and new friends and alumni, promoting UFS and South African interests abroad.

Alumni achievements

Seven former Kovsies represented South Africa at the Olympic Games. They were Wayde van Niekerk (400 m), Gerda Steyn (marathon), Nicole Erasmus (women’s hockey), Chris Dry (sevens rugby), Neil Powell (rugby sevens coach), Kate Murray (triathlon coach), and Carla Oberholzer (cycling – women’s road race).

And Louzanne Coetzee became a Paralympic star when she won silver (1 500 m; T11) and bronze (marathon; T12) medals. The Residence Head of Akasia also returned home with a world marathon record in her class and an African record.

The voices of UFS alumni inspired in a unique podcast series. In Voices from the Free State, François van Schalkwyk and Keenan Carelse, both alumni, connected with former Kovsies who reflected on their journeys.

Appointments and celebrations

Prof Petersen plays a major role in strengthening local and international UFS relationships, and his reappointment as Rector and Vice-Chancellor was a big highlight.

“Since his appointment on 1 April 2017 and under his leadership, the UFS has excelled in a number of key areas,” Dr Willem Louw, former Chairperson of the UFS Council, said.

Prof Bonang Mohale was officially inaugurated as the eighth Chancellor of the UFS. Although he took up his term in 2020, the UFS community celebrated his appointment last year.

Dr Russell Ally started his UFS journey as Senior Director: Institutional Advancement.

He joined the UFS after being the executive director of the Development and Alumni Department at the University of Cape Town, and working for the likes of the Ford Foundation and the United Nations.

The second virtual Rector’s Concert was dedicated to first-year students and their accomplishments in trying times.
It featured performances by students, staff, and alumni, including performances by UFS alumna Caroline-Grace, the Odeion String Quartet, OSM Camerata, Dineo Bokala, and many more.

In 2021, the university hosted international and local events, webinars, reunions, and celebrated many achievements as part of connecting with and celebrating alumni.
Reunions

The UFS also reached out locally to alumni in many different ways

An Alumni Connect event in the Eastern Free State was hosted to build relationships between alumni, staff, and UFS stakeholders, while former Akasia residents from 1996 to 2000 had the opportunity to connect and reminisce with their peers during a reunion weekend.

Health Sciences alumni from the class of 1991 celebrated 30 years since graduation during an MBChB reunion. They paid homage to their formative UFS years and connected with fellow classmates and mentors.

The UFS also collaborated on an event organised for couples who are medical specialists. They were celebrated and shown support, as these doctors battled with the COVID-19 pandemic in the healthcare environment. Most of the attendees were UFS alumni.

Graduates of the then University of the North, known as Uniqwa before it merged with the UFS in 2003, had a Uniqwa Chapter Reunion during a special weekend. 

The UFS is looking forward to another prosperous year ahead. Its aim is to connect with alumni, recognise and celebrate their achievements, and grow the UFS alumni community through quality, impact, and care.



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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