Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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 hosts final ANC Centenary Seminar for 2011
2011-11-28

 

Prof. Benjamin Turok speaking about the Evolution of Economic Policy Thinking.
Photo: Henco Myburgh

The African National Congress (ANC) government is faced with the dilemma of an inherited distorted economy. Subsequently South Africa has the most unequal society in the world. That is according to Prof. Benjamin Turok, head of Political Education for the ANC in Parliament. Prof. Turok spoke at an ANC Centenary Dialogue at the Bloemfontein Campus of the University of the Free State (UFS) on 23 November 2011.

 
Delivering the last lecture of the year in a series of dialogues about the ANC, Prof. Turok said it was hard to swallow that after 100 years there is still inequality. This for a party whose essence is the notion of sharing, as set out in the Freedom Charter.  Prof. Turok told the audience in a packed Odeion Theatre that the ANC Centenary provided a moment of reflection. “If we neglect the poor and uneducated and do not interfere and direct investment, we will always have inequality.”
 
Talking about youth unemployment, Prof. Turok said that no society can live in peace if young people are not employed. He said that he welcomed the energy the ANC Youth League has put in economic policy, but would like to see a youth league economic policy that is scientific.
 
The ANC Centenary Dialogue series has been hosted by the Centre for Africa Studies and will continue on 15 February 2012.

 

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept