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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

Kovsie wins luxury apartment in Paarl-Franschhoek Valley
2016-11-09

Description: Win A Home    Tags: Win A Home

Palesa Moisi, winner of the Win A Home
competition on the Afternoon Express
Show on SABC 3.
Photo: Win A Home

The saying “Dreams do come true” is a perfect explanation for 25-year-old Palesa Moisi who was announced winner of the Win A Home competition.

Palesa, who is currently completing a Postgraduate Certificate in Education at the University of the Free State, is the proud owner of a beautiful apartment worth almost R3 million. The day after the announcement, she was escorted to the Val de Vie Estate to pick her dream apartment from three beautiful designer apartments.

Proud owner of apartment at Val de Vie

With Win A Home Season 3 on SABC 3’s Afternoon Express, viewers not only stood a chance to win bi-weekly prizes, but Palesa walked away with a two-bedroomed furnished apartment in the Polo Village at the prestigious Val de Vie Estate in the Paarl-Franschhoek Valley near Cape Town. The draw took place on 26 August 2016 at the Afternoon Express Studios.

Time stood still for a moment

Palesa says when she stepped towards the safe, which each contestant was assigned to, and opened it, everything just stood still. A key to the apartment was inside one of the safes. “My mind was somewhere else and when I saw the key I realised: ‘Hey I need to take it out and show it to everyone’.”

Financial constraints are a big issue for her family. Her mother is a single parent and Palesa has a younger sister who needs to be cared for. “I’m still a student and I think that if I rent out the house for now, I will be able to pay for my fees and take some pressure off of my mother,” she says.

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