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Alumna congratulates graduates

17 November 2022 | Story Kutlwano Moqholosane | Photo Supplied

Opinion article by Kutlwano Moqholosane, alumna, University of the Free State. Moqholosane obtained her Bachelor of Social Sciences (Human and Societal Dynamics) in April 2022.

To the graduating class of December 2022 – let me start by congratulating you on your hard work! Acceptance to study at university is no small feat and being able to come out on the other side of it is a huge accomplishment to be proud of.

I graduated in April 2022, but my journey with the UFS started back in 2015 when I first sent my application forms. Back then, I was a young girl of 17 with dreams way bigger than me. I felt I could achieve anything I set my mind to.

I was accepted to the university and started in 2016, with the hope to finish in record time and get all the way to master’s and be a practising psychologist by 2022. Life had funny plans, but I'm so grateful for the academic and support staff at the university; they walked me through my mental health struggles and held my hand as I tripped here and there. Without the sensitivity and empathy shown to me by everyone here, I don't think I would eventually have become an alumna of the University of the Free State (UFS).

I had to take a semester off in 2017 after some soul-crushing struggles with mental illness. At the time, I thought it was all over; I could not see a way out of the fog, and I didn’t fully trust myself and my abilities anymore. In January 2018, I made my way back to Bloemfontein to try again anyway.

Between then and now, I have been admitted to a wellness facility a few times. This is unfortunately the reality of living with a chronic mental illness. With each admission, I came back with new and better coping strategies to help me through academics and life in general.

I'm especially glad to have had lecturers like Lindie Coetzee, Kali Nena and Dr Florence Tadi, Dr Lindi Nel, and Dr Jacques Jordaan, who all understood the delicate nature of depression, anxiety, and growing pains, and gave me countless opportunities to write tests, exams, and submit assignments.

What am I doing now?

Well, I'm still a Kovsie through and through! I'm taking a short break from academics, but that does not mean I’m done! I'm sending job applications to the university for the vacancies I might be a good fit for, and I will be applying for admission to the Psychology Honours programme as soon as possible.

I've found a community with the UFS, and I'm very hopeful that I'll still be able to take part and call it home.

My parting message to all of you: stumbling and falling is a fact of life. Some falls will be worse than others, but the biggest thing is that you get up every single time. You are not defined by any of the ways in which you ‘mess up’; you will always have the opportunity to grow into a better person than before.

Once again, congratulations!

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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