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04 August 2023 | Story Edzani Nephalela | Photo Supplied
KMUN 2023
Young leaders unite! Fostering diplomacy and innovation – The Kovsies Model UN Summit 2023 shaped future global change makers!

The saying goes, ‘Leaders are born, not made,’ but what term do we use when more than 50 young individuals from various institutions gather to address and tackle many of our global socio-economic issues collectively?

The University of the Free State United Nations (UN) Chapter hosted the first of many Kovsies Model United Nations (KMUN) Summits – a simulation of the UN General Assembly (GA) – from 28 to 30 July 2023. The event brought together students from various institutions, including the University of Pretoria (UP), Wits, North-West University (NWU), as well as the UFS South and Qwaqwa campuses, who convened on the UFS Bloemfontein Campus for this prestigious gathering.

The students represented different countries and embarked on a comprehensive research project focused on the challenges faced by their respective nations and their progress in addressing them, which they had to present at the GA. Their investigations encompassed various Sustainable Development Goals (SDGs), including poverty eradication, building partnerships, promoting quality education, and advancing gender equality. These efforts align perfectly with the university's Vision 130, which is dedicated to promoting academic excellence, fostering social impact, and embracing diversity.

Siphilangenkosi Dlamini, Executive Chair of the UN Association of South Africa’s UFS Chapter and Student Assistant in the UFS Centre for Teaching and Learning (CTL), said that the summit served as a platform to bring together young people and student leaders from participating institutions to address an array of issues as if they were leaders of different countries.

"Our objective was to create a platform where these young minds could participate in constructive dialogues, refine their diplomatic skills, and address urgent global challenges. The most remarkable aspect was observing the participants' passion and dedication. Witnessing them wholeheartedly embrace the principles of diplomacy and cooperation was genuinely uplifting.”

Moreover, the attendees expressed their appreciation for this prestigious event, as it provided them with invaluable information and insights into what the future holds for them.

Keoratile Moloto, a North-West University student who proudly represented Belize – a Central American country – emphasised that this unique experience provided him with a valuable opportunity to acquire knowledge. As a student leader, he believed that this knowledge could positively influence and inspire both those he served and those in leadership positions.

“This is a too exciting initiative to ignore as a young individual who aspires to improve the world. I have always envisioned a time where I can make a difference in a community. I am big on most SDGs and saw this opportunity as a stepping-stone to educate myself on the proceedings. It is an awesome experience to engage with these topics rather than just being a viewer.”

Students were encouraged to collaborate and be active observers of pressing issues that affect their future. Student Affairs Assistant Director, Motlogelwa Moema, also advised the delegates to approach the debates with an open mind, network, familiarise themselves with the SDGs, and develop sustainable, innovative solutions to these socio-economic challenges.

This summit proved to be an enriching and transformative experience for all participants. From engaging in diplomatic negotiations to tackling global issues, delegates developed crucial leadership skills, fostered diplomacy, and shaped the future of international relations. As delegates from prestigious universities came together, the discussions were diverse, thought-provoking, and inspiring. Undoubtedly, the KMUN Summit left a lasting impact on the delegates and contributed to developing future leaders who would make a positive difference on the global stage.

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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