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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

UFS cancels lease contract with House Abraham Fischer Company
2015-01-23

UFS cancels lease contract with House Abraham Fischer Company

The management of the University of the Free State (UFS) terminated the lease contract with the House Abraham Fischer company (HAF) on the Bloemfontein Campus during December 2014.

The HAF company has been managing the Abraham Fischer men’s residence as independent provider of student accommodation on the campus for a considerable time.

The decision to terminate the lease contract was taken because the company was unable to meet its financial obligations of more than R700 000 in overdue rent to the university for quite some time. Over the past few years, the management of the UFS had several discussions with the board on this matter. HAF’s inability to make payment has obliged the university to intervene in order to ensure that services to residents of the residence would be continued uninterrupted. 

The termination of the lease contract means that the Department of Housing and Residence Affairs at the UFS will be taking over the management and finances of the residence, and will also be handling the placement of students in the residence from now on. The takeover is effective as from 1 January 2015.

The UFS informed senior and first-year students of the change in management on Friday 23 January 2015.

Students’ accommodation in the residence is in no way affected by the change in management.

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