Latest News Archive

Please select Category, Year, and then Month to display items
Categories
UFS News Media Release Research
Years
2017 2018 2019 2020 2021 2022 2023 2024
Months
January February March April May June July August September October November December
Previous Archive
17 April 2018

 PHOTOS: Graduation Ceremonies

Mistakes are powerful; train yourself to embrace and learn from them in order to experience the supreme emancipation that comes with life’s downfalls and victories. This is what the 2018 April graduation ceremonies were all about. This profound thought was instilled by the likes of Dr Anthony Turton, a leader in the field of water as a business risk and opportunity. Dr Turton, an Affiliated Professor in the Centre for Environmental Management at the University of the Free State (UFS), was one of the keynote speakers at this year’s inspirational April graduation ceremonies on the Bloemfontein Campus.

A total of 4 388 qualifications in the form of Certificates and Higher Certificates, Diplomas, as well as Bachelor’s and Honours degrees, were awarded and conferred on the UFS Bloemfontein Campus from 9 to 13 April 2018. These qualifications were awarded to graduates in the Faculties of Health Sciences, Theology, Law, Education, Natural and Agricultural Sciences, Economic and Management Sciences, the Humanities, and the South Campus University Access Programme. 

Guest speakers encourage graduates
Addressing Health Sciences graduates, Anita van der Merwe, Professor and Executive Head of the Department of Nursing and Midwifery in the Faculty of Medicine and Health Sciences at Stellenbosch University, said graduates needed to have compassion for other people. “As health practitioners, we should live and work with compassion, which means truly understanding the suffering of others.”
 
Another strong message emerging from the graduation ceremonies was: “Each person will experience the journey of life differently, but when we let our light shine, we unconsciously allow others to do the same”. This message was shared by Miss Deaf SA for 2017/18, Chantelle Pretorius, in her address to graduates from the Faculty of Education.

“Graduates in the Faculty of Law should regard themselves from now on as having well-trained minds that shall be instruments of liberation and social justice,” said Projects and Campaigns Manager of Corruption Watch, Zola Valashiya.
 
Deputy President of the Association of Black Accountants in Southern Africa, David Abbey, further encouraged graduates from the Faculty of Economic and Management Sciences to focus their ideas and interests onto their goals until they are reached. He added: “In order for graduates to be successful in any endeavour, they must concentrate their attention intensely on what they want.”

Also addressing graduates from the same faculty, Brand Pretorius, former CEO of McCarthy Limited, motivated them with the following words: “The biggest danger for most of us is that we aim too low, and we achieve it. It is unacceptable to be satisfied with being ‘just okay’.” 

Tshegofatso Setilo, Assistant Director of the University Access Programme on the South Campus, motivated graduates to surround themselves with people who are smarter than them, who are humble, who are kind and hard-working.

Addressing graduates from the Faculty of the Humanities, Dr Nthabeleng Rammile, Deputy Chairperson of the UFS Council, said: “I want to challenge our graduates to go out and live their dreams. You owe it to yourselves.” 

Graduation Speeches:

Tshego Setilo 9 April Graduation Ceremony

David Abbey 12 April 2018 Graduation Ceremony

The value of listening
Dr Khotso Mokhele, UFS Chancellor, encouraged graduates to be the best that they can be – even if their roles or jobs require them to carry the casualties of someone else, “do it with your chest”, he said. He said graduates needed to master the skill of listening in order to effectively reflect and internalise the lifelong lessons that were delivered to them at the April graduation ceremonies.

Prof Francis Petersen, UFS Rector and Vice-Chancellor, said graduates had the power and responsibility to make a positive change in social society. He further added that graduates were subjected to expectations to go out and make a positive change in the world. He urged graduates to help create an environment that South Africans could all feel proud of.

Talking at the final session of the week-long graduation ceremonies, Hannes van Wyk, Kovsie alumnus and presenter of Kwêla on KykNet, said: “Don’t take everything too seriously, there is a great joy in freedom, and freedom only ever comes from letting go.”

Another highlight 
UFS Student Representative Council members, Brady MacPherson, Ntombi Nhlapo, Sonwabile Jongisizwe Dwaba, and Tammy Fray set a great example for fellow students, as they formed part of the elite group – the alumni. They, along with other 2018 graduates, had the honour of being awarded their degrees throughout the week of 9-13 April 2018.


Recorded Livestream of the Graduation Ceremonies:

Monday 9 April 2018

Description: 1. Health Sciences new Tags: Bloemfontein graduation ceremonies, Dr Khotso Mokhele, Prof Francis Petersen, Dr Anthony Turton, UFS Graduations, Hannes van Wyk, Kwela, David Abbey, Zola Valashiya, Chantelle Pretorius

Faculties of Health Sciences and Theology and Religion and South Campus: University Access Programme

 

WATCH: UFS Autumn Graduation Ceremony 9 April 2018 (morning session)
WATCH: UFS Autumn Graduation Ceremony 9 April 2018 (afternoon session)
 

“As health practitioners, we should live and work with compassion, which means truly understanding the suffering of others.” 
- Prof Anita van der Merwe

 “Surround yourself with people who are smarter than you, who are humble, who are kind and hard-working.”
- Tshegofatso Setilo

Tuesday 10 April 2018

Description: 1. Law 2018 Tags: Bloemfontein graduation ceremonies, Dr Khotso Mokhele, Prof Francis Petersen, Dr Anthony Turton, UFS Graduations, Hannes van Wyk, Kwela, David Abbey, Zola Valashiya, Chantelle Pretorius

Faculty of Law and Faculty of Education

WATCH: UFS Autumn Graduation Ceremony 10 April 2018 (morning session)
WATCH: UFS Autumn Graduation Ceremony 10 April 2018 (afternoon session)


“Law students should regard themselves from now on as having well-trained minds that shall be instruments of liberation and social justice.”
- Zola Valashiya

“Each person will experience the journey of life differently, but when we let our light shine, we unconsciously allow others to do the same.”
- Chantelle Pretorius

Wednesday 11 April 2018

Description: 1. Natwet new Tags: Bloemfontein graduation ceremonies, Dr Khotso Mokhele, Prof Francis Petersen, Dr Anthony Turton, UFS Graduations, Hannes van Wyk, Kwela, David Abbey, Zola Valashiya, Chantelle Pretorius

Faculty of Natural and Agricultural Sciences

WATCH: UFS Autumn Graduation Ceremony 11 April 2018 (morning session)
WATCH: UFS Autumn Graduation Ceremony 11 April 2018 (afternoon session)

The power of integrity – let your moral compass be your guide in times of great uncertainty.” 
- Anthony Turton

Thursday 12 April 2018

Description: 1. EMS 2018 Tags: Bloemfontein graduation ceremonies, Dr Khotso Mokhele, Prof Francis Petersen, Dr Anthony Turton, UFS Graduations, Hannes van Wyk, Kwela, David Abbey, Zola Valashiya, Chantelle Pretorius

Faculty of Economic and Management Sciences

WATCH: UFS Autumn Graduation Ceremony 12 April 2018 (morning session)WATCH: UFS Autumn Graduation Ceremony 12 April 2018 (afternoon session)

The biggest danger for most of us is that we aim too low, and we achieve it.”
- Brand Pretorius

“In order to be massively successful in any endeavour, you must concentrate your attention intensely on what you want.”
- David Abbey

 

Friday 13 April 2018

Description: 1. Humanities 2018 Tags: Bloemfontein graduation ceremonies, Dr Khotso Mokhele, Prof Francis Petersen, Dr Anthony Turton, UFS Graduations, Hannes van Wyk, Kwela, David Abbey, Zola Valashiya, Chantelle Pretorius

Faculty of the Humanities

WATCH: UFS Autumn Graduation Ceremony 13 April 2018 (morning session)
WATCH: UFS Autumn Graduation Ceremony 13 April 2018 (afternoon session)

“Today, I want to challenge our graduates to go out and live their dreams. You owe it to yourselves to live your dream.”
- Dr Nthabeleng Rammile

 

“Don’t take anything too seriously, there is a great joy in freedom, and freedom only ever comes from letting go.”
- Hannes van Wyk

News Archive

Inaugural lecture: Prof. Phillipe Burger
2007-11-26

 

Attending the lecture were, from the left: Prof. Tienie Crous (Dean of the Faculty of Economic and Management Sciences at the UFS), Prof. Phillipe Burger (Departmental Chairperson of the Department of Economics at the UFS), and Prof. Frederick Fourie (Rector and Vice-Chancellor of the UFS).
Photo: Stephen Collet

 
A summary of an inaugural lecture presented by Prof. Phillipe Burger on the topic: “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

South African business cycle shows reduction in volatility

Better monetary policy and improvements in the financial sector that place less liquidity constraints on individuals is one of the main reasons for the reduction in the volatility of the South African economy. The improvement in access to the financial sector also enables individuals to manage their debt better.

These are some of the findings in an analysis on the volatility of the South African business cycle done by Prof. Philippe Burger, Departmental Chairperson of the University of the Free State’s (UFS) Department of Economics.

Prof. Burger delivered his inaugural lecture last night (22 November 2007) on the Main Campus in Bloemfontein on the topic “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

In his lecture, Prof. Burger emphasised a few key aspects of the South African business cycle and indicated how it changed during the periods 1960-1976, 1976-1994 en 1994-2006.

With the Gross Domestic Product (GDP) as an indicator of the business cycle, the analysis identified the variables that showed the highest correlation with the GDP. During the periods 1976-1994 and 1994-2006, these included durable consumption, manufacturing investment, private sector investment, as well as investment in machinery and non-residential buildings. Other variables that also show a high correlation with the GDP are imports, non-durable consumption, investment in the financial services sector, investment by general government, as well as investment in residential buildings.

Prof. Burger’s analysis also shows that changes in durable consumption, investment in the manufacturing sector, investment in the private sector, as well as investment in non-residential buildings preceded changes in the GDP. If changes in a variable such as durable consumption precede changes in the GDP, it is an indication that durable consumption is one of the drivers of the business cycle. The up or down swing of durable consumption may, in other words, just as well contribute to an up or down swing in the business cycle.

A surprising finding of the analysis is the particularly strong role durable consumption has played in the business cycle since 1994. This finding is especially surprising due to the fact that durable consumption only constitutes about 12% of the total household consumption.

A further surprising finding is the particularly small role exports have been playing since 1960 as a driver of the business cycle. In South Africa it is still generally accepted that exports are one of the most important drivers of the business cycle. It is generally accepted that, should the business cycles of South Africa’s most important trade partners show an upward phase; these partners will purchase more from South Africa. This increase in exports will contribute to the South African economy moving upward. Prof. Burger’s analyses shows, however, that exports have generally never fulfil this role.

Over and above the identification of the drivers of the South African business cycle, Prof. Burger’s analysis also investigated the volatility of the business cycle.

When the periods 1976-1994 and 1994-2006 are compared, the analysis shows that the volatility of the business cycle has reduced since 1994 with more than half. The reduction in volatility can be traced to the reduction in the volatility of household consumption (especially durables and services), as well as a reduction in the volatility of investment in machinery, non-residential buildings and transport equipment. The last three coincide with the general reduction in the volatility of investment in the manufacturing sector. Investment in sectors such as electricity and transport (not to be confused with investment in transport equipment by various sectors) which are strongly dominated by the government, did not contribute to the decrease in volatility.

In his analysis, Prof. Burger supplies reasons for the reduction in volatility. One of the explanations is the reduction in the shocks affecting the economy – especially in the South African context. Another explanation is the application of an improved monetary policy by the South African Reserve Bank since the mid 1990’s. A third explanation is the better access to liquidity and credit since the mid 1990’s, which enables the better management of household finance and the absorption of financial shocks.

A further reason which contributed to the reduction in volatility in countries such as the United States of America’s business cycle is better inventory management. While the volatility of inventory in South Africa has also reduced there is, according to Prof. Burger, little proof that better inventory management contributed to the reduction in volatility of the GDP.

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