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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

Business breakfast nurtures key partnerships
2014-09-05

 

Dr Reuel Khoza

In growing and nurturing key projects and initiatives, the university hosted more than fifty partners and alumni at a business breakfast in Sandton, Johannesburg on 27 August 2014. The occasion was conceived by Institutional Advancement in collaboration with the Office of the Vice-Chancellor and Rector.

Discussions focused on the central role which institutional partnerships play in growing the university’s capacity to extend its reach in supporting schools and growing technologically-based educational tools for disadvantaged communities around the Free State and the country at large.

In his remarks, Prof Jansen thanked partners for their continued support and for joining hands with the university in supporting key projects and initiatives that have improved the level of education in the Free State, provided skills development and nurtured young leaders.

The guest of honour Dr Reuel Khoza, non-Executive Chairman of Nedbank and co-host Dr Marcus Ingram, Director of Institutional Advancement, discussed the role of meaningful leadership in the African context and social and political structures that are instrumental in developing future leaders. As stated simply but powerfully by Dr Khoza, “If not us, then who?”

In attendance were heads of corporations, key role players in partner organisations and NGOs, alumni and Corporate Social Investment specialists from leading financial institutions. 
 

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