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08 May 2024
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Story Anthony Mthembu
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Photo SUPPLIED
From left to right: Prof Philippe Burger, Dean of the Faculty of Economic and Management Sciences (EMS) at the University of the Free State (UFS), presenting an award to Ntswaki Moshwaisi.
A cohort of esteemed academic and support staff from the Faculty of Economic and Management Sciences (EMS) at the University of the Free State (UFS), received well-deserved accolades at the 2024 annual EMS Awards. Notable among them were Programme Coordinator Ntswaki Moshwaisi and Associate Professor Prof Liezel Massyn from the UFS Business School.
Prof Massyn was lauded in the Teaching and Learning category, while Moshwaisi garnered recognition in the Support Staff category at the awards ceremony held on 18 April 2024, on the UFS Bloemfontein campus.
Reflecting on her achievement, Moshwaisi expressed gratitude, stating, “The award serves as motivation to myself to keep working hard and to innovate methods and approaches towards my work.’’
The significance of the awards
Prof Massyn remarked that the awards serve to spotlight the remarkable contributions of both academics and support staff within the faculty. She considers the award as a testament to her dedication, acknowledged by her esteemed colleagues. Both Prof Massyn and Moshwaisi attribute their success to the support they receive from their peers.
Moreover, they emphasise that these awards transcend mere recognition. It will serve as an impetus to the way forward. Moshwaisi envisages leveraging her award to enhance the quality and efficacy of the programmes under her stewardship. Prof Massyn, echoing this statement, asserts, ’’It will strengthen my belief in the transformative power of teaching and make me work harder to provide quality learning opportunities to students. I am a firm believer in following an evidence-based approach and will continue to research learning and teaching.’’
Valuable advice for businesses in difficult times
2013-04-15
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Prof Helena van Zyl, Director of the Business School, and Dr Reuel Khoza.
Photo: Stephen Collett
15 April 2013 |
Dr Reuel Khoza, Chairman of the Nedbank Group, shared the group’s valuable rules for managing a bank in difficult times in an MBA lecture on the Bloemfontein Campus. Dr Khoza is a visiting professor at the UFS Business School.
He focused in the lecture on the group’s business and leadership model and highlighted some do’s and don’ts:
- Do not surprise your stakeholders on the downside – communicate transparently, particularly when there is bad news.
- Retrenching staff to contain costs should be a last resort – the damage to corporate culture from retrenchments is immense. Follow and support your customers – get as close to them as possible because business changes slowly, but customer behaviour can change in an instant.
- Integrated central capital and funding management.
- Entrench well-established reporting, KPIs and measurement systems.
- Ensure strong independent risk management.
- Manage your cost base – anticipate downturns and re-base your costs to avoid crisis-cost management.
- Take advantage of opportunities – an economic downturn creates a situation where valuations fall and assets are sold off, which can be a great opportunity for acquisitions.
- Keep innovating – innovation does not have to be a costly exercise, as the right culture can promote and encourage experimentation and collaboration.
- Whatever you do – avoid a price war, as expedient pricing decisions may hurt the business in the longer term.