Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
20 September 2024 | Story Precious Shamase | Photo Ian Van Straaten
Vincent Mahapa 2024
The Campus Principal, Prof Prince Ngobeni and the Dux award Winner Vincent Mahapa.

The University of the Free State Qwaqwa Campus recently celebrated academic and holistic excellence at its annual Student Excellence Awards. The event honoured high-achieving students from various disciplines, as well as those who have made significant contributions to the campus community.

The air was electric with anticipation as the campus community gathered to honour its brightest stars. The annual Student Excellence Awards showcased the exceptional talents and achievements of students across academic and extracurricular realms. This event took place in the iconic Mandela Hall.

Vincent Mahapa, a dedicated 21-year-old from Bronkhorstspruit east of Pretoria, was recognised for his exceptional academic achievements by being awarded the prestigious Dux prize at the event.

Mahapa is on the verge of completing his Bachelor of Administration and Management degree in the Faculty of Economic and Management Sciences (EMS) and has consistently demonstrated academic excellence. In his second year, he achieved an impressive average of 82%, securing a remarkable seven distinctions in 2023. These outstanding results were further acknowledged through his induction into the prestigious Golden Key International Honour Society, Class of 2023.

Driven by a passion for public administration and management, Mahapa has a strong interest in black empowerment, organisational leadership, and community development. He aspires to leverage his skills and knowledge to drive positive change within these fields.

Overcoming challenges, achieving success

Mahapa's journey to academic excellence was not without its hurdles. He openly acknowledges the challenges he has faced in effectively managing time, balancing academic and personal life, staying motivated, and overcoming social anxiety. However, his determination to succeed shone through as he strategically tackled these obstacles.

Commenting on this laudable recognition, he said, “By creating a well-balanced schedule, setting realistic goals, and seeking support from peers and lecturers, I developed effective coping mechanisms.” He emphasised the importance of creating a study plan and adhering to it, along with techniques such as breaking down complex topics into manageable sections and employing the Pomodoro technique to optimise study sessions.

Words of wisdom for fellow students

As a Dux awardee, Mahapa offered valuable advice to his fellow students who aspire for academic excellence. He encourages them to:

  • seek help and support when needed;
  • remain consistent and persistent in their efforts;
  • set clear goals and work diligently towards achieving them;
  • develop strong organisational skills and manage time effectively; and
  • surround themselves with positive influences that will motivate and support their endeavours.
  • Finding balance for academic and personal well-being

Being an introverted individual, Mahapa acknowledges the importance of striking a healthy balance between academic commitments and personal life.  He achieves this by meticulously planning his schedule, allocating specific time slots for studying, relaxation, and personal activities. Setting realistic goals and further prioritising tasks allows him to manage his time effectively.

Additionally, he stresses the importance of creating a designated study space that is comfortable, organised, and minimises distractions, thus boosting productivity. Distinguishing the importance of self-care, Mahapa highlights activities that bring him joy and relaxation. He does not hesitate to seek support from loved ones and lecturers when needed, and regularly reviews and adjusts his approach to ensure a healthy balance that meets his individual needs.

The university congratulates him on this well-deserved achievement and commends him for his commitment to using his knowledge and skills to make a positive impact on society.

And a big congratulations to all the winners. Indeed, we are inspiring excellence!

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


We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept