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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.”

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UFS's CFPL talks about investments at convention
2009-09-29

 

At the convention were, from the left: Mr Percy Manduzi, legal advisor at Old Mutual and committee member of FPI Free State, Mr Swanepoel, Mr Botha, Mr Jonker, and Ms Shirly Hyland from the Department of Mercantile Law at the UFS and FPI Free State Committee Member.

The Centre for Financial Planning Law (CFPL) at the University of the Free State (UFS) recently hosted a mini-convention in association with the Financial Planning Institute of Southern Africa under the chairmanship of Mr Wimpie Jonker. Mr Jonker is also an independent financial advisor for Sanlam.

The convention commenced with a presentation by the well-known radio personality from Radio Sonder Grense (RSG), Mr Theo Vorster. He spoke about investments in the current economic situation. A highlight on Day Two of the convention was a motivational talk by Mr Anton Swanepoel from Amnity Wealth on compliance and ethics. Mr Swanepoel is a renowned author in the financial services industry.

Mr Marius Botha, also a renowned author and independent trainer, brought the audience up to date on all the amendments to the taxation of retirement lump sum benefits. The convention was attended by more than 40 delegates from as far as Upington.

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