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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

Over 300 diplomas in Financial Planning Law awarded
2012-06-28

 

Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law; Marilize Putter, top student in the Advanced Postgraduate Diploma in Financial Planning Law, Jenny White, top student in die Postgraduate Diploma in Financial Planning Law and Prof. Rita-Marie Jansen, Acting Dean: Faculty of Law at the UFS.
Photo: Stephen Collet
28 June 2012

The Centre for Financial Planning Law (CFPL) in the Faculty of Law at the University of the Free State (UFS) awarded 342 Postgraduate and Advanced Postgraduate Diplomas in Financial Planning at this year’s graduation ceremony. The ceremony was held at the Sandtion Conference Centre in Johannesburg on 19 June 2012.

Some of the distinguished guests who attended were Dr Khotso Mokhele, Chancellor of the UFS, Dr Derek Swemmer, Registrar of the UFS, Prof. Nicky Morgan, Vise-Rector: Operations at the UFS, Prof. Helena van Zyl, Director of the UFS’s Business School, Prof. Rita-Marie Jansen, Acting Dean of the Faculty of Law and Adv. Wessel Oosthuizen, Director of the CFPL. The Chief Executive Officer of the Financial Planning Institute of Southern Africa, Mr Godfrey Nti, and the Chairperson of the Board, Mr Solly Keetse, were also present at the graduation ceremony.

Marilize Putter was named as the top student in the Advanced Postgraduate Diploma in Financial Planning Law, with Jenny White the top student in die Postgraduate Diploma in Financial Planning Law.

The UFS remains the largest institution in this field. The UFS’s Centre for Financial Planning Law is also the only institution in South Africa that presents the Postgraduate Diploma in Financial Planning Law as a pure specialisation diploma.

Donors who made the event possible include:

  •  Craig Bentley of Alexander Forbes
  •  Dev Chetty of Liberty Life
  •  Henry van Deventer of Acsis
  •  Tessa Pappenfuss of Lexis Nexis
  •  Bertie Nel of Momentum

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