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03 January 2023 | Story Charlene Stanley | Photo Supplied
Vuyelwa Vumendlini
Vuyelwa Vumendlini, Alternate Executive Director at the International Monetary Fund in Washington DC.

High-profile positions at National Treasury, the World Bank and now also the International Monetary Fund in Washington, mark an illustrious career for UFS Economics alumna, Vuyelwa Vumendlini.

“Go in full force, hands and feet, and accept this opportunity of a lifetime. You won’t regret it.” These words of Dr Minette Smit, her thesis supervisor, proved to be pivotal advice to a young Vuyelwa Vumendlini. At the time, she was doing her BCom Honours in Economics (1996-1999) and was presented with a scholarship opportunity to complete her master’s degree in the USA.

“I was afraid to leave my home and my comfort zone,” she explains. “But looking back, I’m extremely grateful to have taken that step.”

Her studies culminated in an appointment as Senior Adviser to the Executive Director at the World Bank, then Deputy Director-General: International and Regional Economic Policy at the National Treasury, and now as Alternate Executive Director at the International Monetary Fund (IMF) in Washington DC. As an IMF executive board member, Vumendlini represents 23 English-speaking African countries that are members of a constituency. The Executive Board of the IMF has 24 chairs, representing 24 constituencies from its 189 countries’ membership. Among her duties are considering policy issues and surveillance reports, as well as approving and monitoring IMF programmes involving lending and/or technical assistance.

Since this is the second stint in Washington for her and her children, Simphiwe, Enhle, and Anele, settling down was much easier. “Because of the COVID-19 isolation, we were kind of used to being alone at home, so we didn’t find the solitude that bad while we were still making new friends.”

She misses South African food the most – things like biltong and boerewors – and the proximity of favourite restaurants like Ocean Basket and Mugg & Bean. She has fond memories of her study years, working as an assistant in the Department of Economics, hanging out at Mooimeisiesfontein on Saturdays, and building rag floats for Vergeet-My-Nie and Kestell residences. Plans for the future include tackling her PhD in Economics.

Her advice to UFS students: “Be up to date with what is happening around you. Do not be afraid to do things differently. Be agile in your approach to achieving your career aspirations and be ready to take on those opportunities when they present themselves.”

News Archive

UFS salary model makes salary adjustment of 16,13% possible
2008-12-11

Staff from the University of the Free State (UFS) will receive a salary adjustment of 16,13% for 2009. This adjustment is 2,78% higher than the 13,35% that was agreed by the management and unions last month.

The UFS has received the actual state subsidy for 2009 from the Department of Education. The amount is significantly higher than previously calculated as a result of a once-off inflationary adjustment that was made.

“The good news is that, as a result of the application of our Multi-Year, Income-Related Remuneration Improvement Model, this increased subsidy can be passed on to staff members in full,” said Mr Lourens Geyer, Director of Human Resources at the UFS.

“We are grateful that we can pass on this favourable salary adjustment to UFS staff members. This adjustment makes our remuneration packages more competitive with those of other universities, and also facilitates the retention of skilled personnel. We have experienced an exceptionally challenging and difficult 2008. For this reason, we are grateful that we are able to compensate staff members for their hard work and loyal support in a special way by granting this excellent salary adjustment,” said Prof. Teuns Verschoor, Acting Rector of the UFS.

The implementation date for the salary adjustment is 1 January 2009. The adjustment will be calculated on the total remuneration package.
 

Media Release
Issued by: Lacea Loader
                Assistant Director: Media Liaison
                Tel: 051 401 2584 
                Cell: 083 645 2454 
                E-mail: loaderl.stg@ufs.ac.za

11 December 2008

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