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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

Kovsie-Alumni Trust provides financial support to gifted young persons
2009-07-08

 
Kovsie-Alumni Trust of the University of the Free State (UFS) provides financial support to gifted young persons. This year, the Trust has already granted R24 000 to students with disabilities and R28 500 to ad hoc applications for financial support. Amongst others, financial support of R224 888 was given to students from the Alumni Donation Funds. The contributions of generous donators to the Trust Fund are used to award academic, cultural and sport bursaries to deserving prospective as well as current Kovsie students. Here are, from the left: PK Nkate, a blind honours student in Business Management, who received R6 000 from the Trust, Ralph de Kramer, who received R3 500 for his ad hoc application; back: Adv Seef Hefer, Chairperson of the Trust, Ms Francis Hoexter, member of the Trust, Leendert Kramer, who received R60000 for his ad hoc application and Mr Ryno Opperman, member of the Trust. Other bursaries were awarded to Eleanor Bernard and Nandi Venter, Master’s students from the Department of Afrikaans and Dutch, French and German, who each received half of the NNP bursaries with the total value of R20 000 and Magteld Smith, a blind Ph.D. student in BA to whom the Sapcor Bursary was awarded. Carien Gordon, Geoff Bezuidenhout and Ilana van der Merwe received R6 000, R3 500 and R3 500 respectively, according to their ad hoc applications.
Photo: Dries Myburgh

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