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01 November 2022 | Story Lunga Luthuli | Photo Stephen Collett
Prof Francis Petersen
Rector and Vice-Chancellor, Prof Francis Petersen, delivering a recognition and celebratory message to 44 University of the Free State employees who have completed 20 years and more at the institution.

Speaking at the 2022 Long Service Recognition Awards, celebrating ‘the best’, University of the Free State (UFS) Rector and Vice-Chancellor, Prof Francis Petersen, said: “The event is a reminder that the people – the staff – are the university. You are the stars tonight.”

The annual awards ceremony, held in the Centenary Complex on the Bloemfontein Campus on 21 October 2022, is a flagship event for the UFS to recognise and celebrate staff members who have worked at the institution for 20 to 40 years and longer.

Thanking staff, including those who will be retiring at the end of this year, Prof Petersen said: “Thank you for the contribution you have made to the university. As staff, we are the custodians of the university, and while you are here – if you can – add one more brick to build a better institution that you can be proud of.”

Joining the event was Shadrack Shamane, Human Resources Business Partner in the Division of Human Resources, who has worked for the UFS for 40 years. 

He started as a Labourer in the then Department of Provisioning, and in 1992 he was promoted to Supervisor and Driver. 

Shamane said: “Staying at the UFS so long was for a good cause because of the opportunities offered for growth. Over the years, I managed to complete a Certificate in Labour Law in 2004, Advanced Certificate in 2006, and a Postgraduate Diploma in Labour Law in 2008.”

He is also serving as a full-time National Education, Health and Allied Workers' Union shop steward.

Also recognised at this year’s awards was Ilse de Beer, Officer in the Project Management Unit of ICT Services. Ilse joined the UFS in 1987 as a Computer Mainframe Operator responsible for monitoring the mainframe, backups, and printing.

De Beer said: “I started working at Computer Services with the Sperry mainframe in 1987 till the last IBM mainframe, growing with changes in ICT Service, and today we work with data centres.”

De Beer was born on the Bloemfontein Campus in 1967 in what used to be her home – the Vishuis Bond behind the Vishuis hostel. 

She said: “I grew up on campus; it was my playground and I had loads of fun times through the years. In 1975, we moved into our own house, which is now the Cairnhall Private Hospital.”

Closing the event, Prof Petersen said: “I also want to thank your partners and line managers who have stood by you, there has been a lot of input coming from them, providing the necessary support.”

He urged staff who will be retiring at the end of the year to look out for the launch of Vision 130 – ‘an elaboration of the strategic intent of the university to reposition itself for 2034, when it will commemorate its 130th anniversary.’

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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