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29 August 2024
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Story Anthony Mthembu
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Photo Harmse Photography
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.
UFS sympathises with exchange students from Virginia Tech
2007-04-18
The University of the Free State (UFS) is shocked by the news of the tragedy that happened yesterday at Virginia Tech in the United States of America (USA).
Sixteen (16) students from Virginia Tech are currently studying at the Main Campus of the UFS in Bloemfontein on an exchange programme of six months.
The students are devastated because of the loss of their friends who were killed when an armed man opened fire on a hostel and classroom on the Blacksburg Campus of Virginia Tech, killing at least 33 people.
“The exchange programme between the UFS and Virginia Tech, which was implemented in 1998, stipulates that selected students from both institutions will study at the other institution for six months on an annual basis as part of the completion of their undergraduate studies. Approximately 120 students from both institutions have taken part in the exchange programme over the past couple of years,” said Prof. Izak Groenewald, co-ordinator of the agreement and Director of the UFS Centre for Sustainable Agriculture and Rural Development.
According to Prof. Groenewald no students from the UFS are currently studying at Virginia Tech. “The students from Virginia Tech who are currently studying on the Main Campus are all in their third-year in agriculture and the biological sciences. They will be staying here until the completion of the June examinations, when they will return to Virginia Tech,” said Prof. Groenewald.
According to the Rector and Vice-Chancellor, Prof. Frederick Fourie, the UFS has already made the necessary arrangements for the students to receive pastoral and psychological counselling. “We are doing everything in our power to support them and to bring them in touch with their friends on the Blacksburg Campus,” said Prof. Fourie.
According to Prof. Groenewald the American Ambassador in South Africa, Mr Eric M. Bost, will be talking telephonically to the students this afternoon (17 April 2007).
Media release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za
17 April 2007