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07 May 2025 | Story Precious Shamase | Photo Supplied
Dr Regret Sunge
Dr Regret Sunge – the newly rated NRF Y2 academic.

The University of the Free State (UFS) is proud to announce that Dr Regret Sunge, Lecturer in the Department of Economics and Finance within the Faculty of Economic and Management Sciences, has been awarded a prestigious Y2 rating by the National Research Foundation (NRF). This significant achievement highlights Dr Sunge's exceptional potential as a rising leader in the field of economics and finance.

The NRF Y2-rating is bestowed upon young researchers, typically under the age of 40 and within five years of obtaining their PhD, who have demonstrated considerable potential to establish themselves as leaders in their area of expertise. Dr Sunge's inclusion among the 3,8% of newly rated researchers in South Africa highlights the quality and impact of his work.

Dr Sunge expressed his excitement, stating, "I am thrilled to have received the NRF Y2-rating for the period 1 January 2025 to 31 December 2030. Receiving such recognition through this meticulous process in the field of Economics and Finance – which has a share of only 4,9% of total rated researchers – is even more amazing." He further emphasised the rigorous nature of the NRF rating process, and the insightful feedback received.

 

Factors contributing to this recognition

Dr Sunge attributes his success to a combination of personal dedication, collaborative efforts, and institutional support. His PhD thesis provided a strong foundation, with three of the five reviewed papers originating from this work. Subsequent research collaborations with international peers fostered during his PhD journey further enriched his research by integrating the critical fields of agricultural production and environmental sustainability. The growing number of citations his work has received speaks to its increasing relevance and impact.

The academic also acknowledged the significant influence of key individuals on his research journey, including his PhD supervisor, Prof Nicholas NgepahDr Delphin Kamanda Espoir – a research partner, and his postdoctoral host, Dr Calvin Mudzingiri.

Beyond academic research, Dr Sunge's engagement in research consultation with regional and international organisations has played a vital role. In 2022, he formed a team within the United Nations Young Economists Network (UN-YEN) to study Africa's macroeconomic growth. Additionally, he contributed as a research assistant to the Organisation of Economic Cooperation and Development (OECD) and the African Union Commission (AUC) for their annual Africa Development Dynamics (AfDD) publication.

Dr Sunge also highlighted the crucial institutional support he received from the University of the Free State, specifically the Faculty of Economic and Management Sciences (EMS) on the Qwaqwa Campus, where he was a postdoctoral research fellow at the time of application.

 

Impact of the NRF rating on research standing

The Y2 rating is already proving to be a catalyst for Dr Sunge's research endeavours. "It’s a motivator, I am more confident, and it has greatly enhanced my CV," he noted. He anticipates that this recognition will unlock opportunities for further collaborations and access to competitive research grants and funding programmes, both nationally and internationally.

Furthermore, Dr Sunge's achievement while based on the Qwaqwa Campus enhances the University of the Free State's reputation for supporting young researchers and fostering excellence across all its campuses. His rating serves as a significant source of inspiration for his colleagues on the Qwaqwa Campus, particularly within EMS, where NRF-rated researchers are still few. Dr Sunge hopes that his success will encourage colleagues in the faculty to pursue similar achievements through commitment, dedication, and collaboration.

 

Research focus and its importance

Dr Sunge's research primarily focuses on the intersection of agricultural production and environmental sustainability. His work addresses the critical challenge of ensuring food security amid the growing impact of climate change in a sustainable manner. Recognising the dual challenge of increasing agricultural output to combat food insecurity while mitigating climate change, his research aims to inform environmentally sustainable agrifood systems in South Africa and beyond.

Specifically, his research holds local relevance for Phuthaditjhaba, where livestock agriculture is a significant part of the local economy, with the potential to contribute to more sustainable livelihoods. Utilising a range of econometric methodologies, his research approach is adaptable to various fields of study, facilitating collaboration with researchers from diverse backgrounds.

Acknowledging the dynamic nature of research in economics, particularly in econometrics and data analysis, Dr Sunge emphasises the importance of continuous learning through conferences and workshops. He aims to further develop his econometric and critical thinking skills, as well as sharpen his writing abilities, to elevate his research to new heights.

 

Future research trajectory

Looking ahead, Dr Sunge envisions a research trajectory that combines academic rigour with impactful societal engagement. This involves identifying research problems, providing in-depth academic analysis, and developing solutions that directly benefit communities. His future includes initiating research-based interventions and conducting impact assessments. Achieving this vision necessitates securing research grants, supervising postgraduate students, and actively engaging in community initiatives.

 Over the next five years, Dr Sunge aims to transition from a Y2 to a C-rated researcher, a goal that requires careful planning to balance his research and teaching responsibilities. While committed to advancing his research, Dr Sunge remains passionate about teaching and ensuring that his research activities enhance, rather than detract from, his classroom engagement.

 Dr Sunge’s achievement of the NRF Y2-rating is a significant milestone, both for his personal career and for the University of the Free State. His dedication, collaborative spirit, and impactful research focus serve as an inspiration to colleagues and aspiring economists alike. As Dr Sunge eloquently stated, "My word to aspiring economists, especially from marginalised circumstances, is that with the right mindset, commitment and dedication, we can be counted."

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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