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06 February 2018 Photo Rhona Klopper
First-years embrace UFS welcoming celebrations
Students assemble for the first-years’ welcoming ceremony.

The first-years’ welcoming ceremony at the Bloemfontein Campus of the University of the Free State (UFS) inspired hope among the crowd of students and parents that gathered in front of the Main Building for the evening.


The ceremony, which took place on Saturday 3 February 2018, began with a thrilling dance performance that enlivened the audience immediately. It was followed by eager cheers and chants by the various residences that attended the event in numbers. First-years enjoyed themselves as they got the chance to meet and engage with their peers as each residence had a stall setup in front of the main building.

“It is here where you will learn not just about your degree, but also about society,” were the words of Bloemfontein Campus SRC President, Asive Dlanjwa. Dlanjwa as the first official speaker for the night, did what he is well known for, which is to assemble, unite, and instil confidence among the students.

“Your degree is only as effective as the lives it changes,” Dlanjwa said.

The Dean of Student Affairs, Pura Mgolombane, said: “The university’s main objective is creating and humanising students.” He urged them to look around and see the beauty and diversity of Kovsies, and learn from it.

“To know the University of the Free State
is to understand the heart of its core,
and particular set of values,
where those values
inform our decisions
and govern our behaviour.”
—Prof Francis Petersen

The Rector and Vice-Chancellor, Prof Francis Petersen, concluded by urging first-year students to always ask questions, challenge themselves, argue their points of view, and wrestle with the complex issues of the day in order for them to reach new frontiers in both their academic and personal lives.

“You have the freedom to decide who exactly you want to be. Don’t lose yourself while you’re here,” Prof Petersen said, closing affirmations before the Gateway concert got under way.

News Archive

Deputy Governor of SA Reserve Bank inspires students
2016-08-19

Description: Deputy Governor of SA Reserve Bank  Tags: Deputy Governor of SA Reserve Bank

Dr Lyndon du Plessis, Head of Department of Public
Administration and Management, Francois Groepe,
Deputy Governor of the South African Reserve Bank,
Prof Philippe Burger, Head of the
Department of Economics and B.Com Hons student,
Mosoeu Mabote.

Photo: Siobhan Canavan

Students from the Faculty of Economic and Management Sciences had the opportunity to learn from the best in the field when the Deputy Governor of the South African Reserve Bank, Francois Groepe, presented a seminar on the changing roles of central banks.

According to Groepe, we are currently living in challenging times as central banks are called on to do more.

“Central banks have limits, and these limits are not always understood,” he said on 11 August 2016 in the Equitas Auditorium on the Bloemfontein Campus.

How central banks contribute to inflation

There are two main generally-expected roles from central banks: the obvious one of providing bank notes and coins, and the other, maintaining price stability.

According to Groepe, the aim of keeping prices stable is to ensure easier planning for the future, and to assist the poor.

“The poor are the ones more vulnerable to higher inflation because they hardly have enough to get by,” he said.

A negative impact on monetary policies could affect the economy negatively. This is as a result of higher inflation caused by the increase in food prices.

Furthermore, the 12% government debt renders a negative yield in the economy.

The stability of finances in South Africa


Financial stability is not an end in itself, but, like price stability, is generally regarded as an important precondition for sustainable economic growth, development, and employment creation.

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