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Gift of the Givers’ Dr Imtiaz Sooliman inspires hope at UFS Brown Bag Lunch

26 September 2023 | Story Lunga Luthuli | Photo Supplied

The University of the Free State (UFS) Centre for Graduate Support (CGS) recently hosted Dr Imtiaz Sooliman, founder of the Gift of the Givers Foundation, at a CGS Brown Bag Lunch. The Brown Bag Lunches are a series of informal talks aimed at providing guidance and inspiration to postgraduate students.

The event served as a platform for Dr Sooliman to share his insights into how pursuing a postgraduate degree can empower individuals to bring hope and change to those around them.

He said his talk was inspired by his own journey: “After receiving a message from my spiritual leader in Istanbul, Turkey, at the age of just 30, I immediately heeded the calling and established the Gift of the Givers Foundation.”

He emphasised that success and progress are not possible without faith and spirituality, and that these were motivating factors in his work. “The foundation works to unite people with a common vision to make a real difference by serving mankind for the greater good.”

Dr Sooliman shared many of his experiences and insights with the audience. He said the foundation has provided critical aid to many disaster-stricken regions and has extended its assistance to the most vulnerable populations worldwide.

Creating hope

The Gift of the Givers Foundation also provides support to the UFS No Student Hungry Programme, which delivers food parcels to needy students on the UFS’s three campuses.

Dr Sooliman’s efforts have helped the foundation make a real and telling difference in the lives of people from all classes, political affiliations, and geographical locations

He encouraged students and academics in the audience to “view your pursuit of higher education as a means to gain knowledge, but also as a tool to cultivate empathy, resilience, and a sense of purpose”.

Event organisers said the University of the Free State continues to promote education and community engagement, and Dr Sooliman’s visit served as a beacon of inspiration for students and academics alike.

Dr Danila Wessels, Assistant Director at the Centre for Graduate Support, said, “Inviting Dr Imtiaz Sooliman to our Brown Bag Lunch event was a deliberate choice driven by our commitment to broadening the vision of UFS postgraduate students. We believe that postgraduate studies can serve as a powerful impetus for bringing hope to people, and Dr Sooliman's inspirational journey perfectly exemplifies this."

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher

2014-09-01

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail

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