4 June, 2013
Stellenbosch University hosts third shortcourse on forest finance and economics
Foresters and financial managers
from various timber companies in South Africa, Mozambique and Zimbabwe gathered
at Stellenbosch University (SU) in May for the first of two block sessions that
are part of the Continuing Education in Forest Finance and Economics
shortcourse they are following this year.
It is the third time since 2009
that this refresher course on matters relating the economics and finances of
the forestry industry is presented by the SU Department of Forest and Wood
The 2013 class includes
representatives from Komatiland Forest (KLF), York Timber, Merensky, SAPPI,
Chekweti timber company (Mozambique), Border Timbers (Zimbabwe), and the Global
"This refresher course is ideal
for people working in the timber industry who want to be updated on the latest
relevant developments and trends in the industry," believes course organiser Mr
Cori Ham of the SU Department of Forest and Wood Science. "It also provides a
good networking opportunity within the sector."
The Continuing Education in Forest
Finance and Economics course is intended for professional foresters and land
managers who have to make decisions about timber and forest management
operations and who want to improve financial returns within their company.
Case study work, analysis and assignments also form a
strong component of the course, which is presented by Prof. Michael Jacobson from Pennsylvania State
University and an extraordinary Professor to the SU Department of Forest and
Wood Science. During the May block session he focussed on the theory and use of
discounting and financial analysis procedures, as well as decision tools for land valuation and the optimum rotation ages
for bare ground and existing stands.
The course participants will be back in Stellenbosch in October, for the second
of the two weeklong block sessions. The coursework will then focus on topics such
as the impact of globalisation within the forestry industry, the carbon and the
green economy, forestry poverty and tenure, and the handling of insurance
claims after damages caused by baboons.
Mr Cori Ham
Department of Forest and Wood Science
021 808 3297
course presenters Prof. Michael
Jacobson from Pennsylvania State University and Mr Cori Ham of the
University Department of Forest and Wood Science are course participants Johan Erwee
(Komatiland Forest), Phillip Muyambo (Tekwani Group), Simbarashe Dube (Border
Nyararai Tafangenyasha (Chikweti, Mozambique). Photo: Engela