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29 August 2024 | Story Anthony Mthembu | Photo Harmse Photography
Ross van Reenen
Ross van Reenen, CEO of the Toyota Free State Cheetahs.

The Business School at the University of the Free State (UFS) recently hosted the CEO of the Toyota Free State Cheetahs, Ross van Reenen, for a guest lecture. Van Reenen presented the guest lecture in the Business School Auditorium on the UFS Bloemfontein Campus on 21 August 2024.

Reflecting on Van Reenen’s address

In a lecture addressed to an auditorium filled with UFS staff and students, Van Reenen’s talk was divided into several sections. Firstly, he spoke about the concept of the ‘black swan’ in reference to the book written by Nassim Nicholas Taleb, titled The Black Swan: The Impact of the Highly Improbable. Referring to Taleb’s book, Van Reenen defined a ‘black swan’ as a rare event that has a severe impact, and the occurrence of which people try to explain. He used some examples to explore this concept as well as its implications, including COVID-19 and its impact on the world, and the tragic death of the people in the Titanic disaster. However, he delved deeper into 9/11 and the extent of its impact, saying that “9/11 was a major wake-up call in the world economy”. Van Reenen highlighted how some companies such as Barclays, for which he previously consulted, had to work to be up and running after the collapse of the Twin Towers in 9/11.

In addition, Van Reenen’s lecture also touched on the importance of the first ninety days of a job after an individual has been employed. “Those first ninety days are crucial, as you have to establish yourself in a company where you are paid less than you are worth,” Van Reenen said. As such, he gave the audience insight into what they could focus on in that time frame. This includes focusing on the small wins, as well as ensuring that you are working at keeping the team together, as the team is an integral part of an organisation. 

Van Reenen concluded his address by speaking about his time as the CEO of the Toyota Free State Cheetahs, including some of the decisions he took to ensure the success of the organisation.

News Archive

Medical practitioners join forces to help students studying medicine with loans
2010-02-24

Medical practitioners from the University of the Free State’s Faculty of Health Sciences have established a loan fund for enrolled students studying medicine to assist them with their studies. This loan fund has paid out a total amount of R329 106,00 over the past three years.

During 2002 the faculty’s School of Medicine identified a gap in the awarding of bursaries to enrolled students studying medicine at the UFS.

Many students who follow the course M.B.Ch.B struggle to obtain bursaries and are often forced to cease their studies due to a lack of funds.

A group of medical practitioners addressed this gap by providing funds in the form of voluntary out-of-pocket contributions towards a study loan fund to deserving students. This fund has received over R1million in contributions over the years.

Although the loans do not cover the full costs of a particular student, it brings the necessary financial relief and enables the student to focus on his/her studies and at least register. It also gives the student the time at the beginning of the year to attain more money to study.

The loan is repayable as soon as the student is employed. Repayment is calculated on the income of the individual and is administrated by an outside organisation at a minimal interest rate that only kicks in when the loan becomes repayable.

The School of Medicine encourages students who qualify for this loan to seek alternative funding. In this way, more students can be supported annually.

Currently an average of eight to twelve students per year are helped from this loan fund.

Media Release
Issued by: Lacea Loader
Director: Strategic Communication (actg)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za  
24 February 2010

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