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23 July 2024 | Story Teboho Mositi | Photo Yonela Vimba
Academic Advising Office 2024
Bongumusa Zwane, one of the academic advisers, giving advice to students.

The Academic Advising Office in the Centre for Teaching and Learning (CTL) on the University of the Free State (UFS) Qwaqwa Campus hosted an Academic Advising activation under the theme: Unombuzo? Tloho o tlo botsa adviser ya hao for undergraduate students on 12 July 2024 in preparation for the second semester.

The event was aimed at assisting students to reach their full potential and strive for academic success. It marked the starting point for students to prepare for the second semester of their academic year in stride.

Increase student use of academic advising services

CTL aims to advance evidence-based innovation that promotes excellence in learning and teaching for student access with success.

The objective of the activation was to increase the visibility of academic advising on the Qwaqwa Campus. The goal was also to increase students’ use of the various general academic advising services. The Advising Office noticed that not many students attended general advising sessions in the last semester, which inspired the activation as well as the introduction of the newly appointed transition advisers.

The Advising Office urges students to attend time management and study strategy sessions. The office also assists students in collaboration with the faculties, Student Counselling and Development, residences, the No Student Hungry office, Career Services, and other stakeholders at the university.

Success of the event

The event was a great success, as 120 students showed up and had the opportunity to speak face to face to the advisers. Alongside the advisers, a curriculum adviser from the Faculty of The Humanities, representatives from University Estates, the CTL office, and Transition Development and Success were in attendance.

The advising team was able to introduce advising to students, listen to their concerns, and provide short general advising opportunities. Students were treated to some goodies at the event and were given a chance to enter a competition through a survey, which will result in four lucky students winning exciting prizes.  Students had a great time, taking pictures, videos, and dancing to the music at the venue.

If students missed this opportunity, there will be more opportunities to meet the team through advising pop-ups:

• 26 July 2024 – Dining Hall
• 2 August 2024 – UFS Taxi Rank
• 16 August – Outside Fulufhelo Residence

• 13 September – Notice boards near the Intsika Building

Where to find your advisers

• Intsika Building, Ground Floor, Offices: 0030, 0043, 0044

• Email address: AdvisingQQ@ufs.ac.za

The activation’s objectives were to

• increase the visibility of academic advising on campus;
• increase student use of academic advising services;
• make students aware of the services offered by Academic Advising; and
• share different ways with students to connect with the advising team and how to set up appointments with their advisers.

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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