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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 Sasol Library will reopen tomorrow
2007-10-17
The University of the Free State’s (UFS) UFS Sasol Library will reopen again tomorrow (Thursday, 18 October 2007) after a limited fire broke out earlier this morning.
The fire broke out at 05:00 on a work site of a contractor that is carrying out maintenance on the library’s air conditioning system in the machinery room underneath the library.
Employees of the subcontractor were busy replacing the isolation of the air-conditioning when the fire broke out. An employee of the contractor died and one was seriously injured.
The contractor is working on the system at night in order to minimise disruption to library users. The building and books were not damaged.
“The UFS and the contractor exercised strict safety measures before the maintenance project commenced and regular safety training sessions are still presented to employees of the contractor working on the site. The latest training session was done on Monday, 15 October 2007,” said Ms Edma Pelzer, Director of Physical Resources at the UFS.
As a precautionary measure, the library will be closed for the rest of today because of the possible presence of fumes in the building as a result of the fire. A decision was taken to be cautious and to make sure that the air is clean before people are allowed in the library.
The Reitz Dining Hall of the Centenary Complex is available as a temporary study facility for students until 18:00 today. The library will be open again tomorrow (Thursday, 18 October 2007) during normal hours.
Ms Pelzer conveyed her sympathy to the next of kin of the person who died during the fire.
Media Release
Issued by: Lacea Loader
Media Representative
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
17 October 2007