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27 July 2018
Tennis the bright spark at USSA
The Kovsie Tennis team was crowned as USSA victors for the eighth consecutive time at the recent University Sports South Africa tournament

Even though some Kovsie sport codes came close, it was eventually only the tennis team who were able to grab hold of a gold medal at the various USSA (University Sport South Africa) tournaments taking place in numerous cities across the country during the student winter holidays.

It was the eighth consecutive USSA crown for the Kovsie tennis team. They won all their matches with ease and even the final against Tuks was a one-way affair, winning eight games to one.

The other sport that came close to winning their tournament, was the netball girls. They came unstacked in the final, losing 30-48 to Tuks. It was the first time since 1998 that Kovsies hosted the USSA netball tournament.

The Kovsie female hockey team claimed third spot and the men, playing in the B section, ended second. They only lost once (against the University of KwaZulu-Natal by a single goal), which denied them promotion to the A section.

The Shimlas nearly obtained bronze, but a penalty try for Wits in the closing minutes cost them in the play-off match for 3rd/4th position.

Both the men and women’s football teams ended sixth, but more importantly, the women qualified for the 2019 Varsity football competition. The women improved by two positions and the men by four places from the 2017 tournament.

The table tennis team didn’t have an official final position. They lost in the quarterfinals.

The basketball men ended ninth and the women tenth, improving by ten and six places respectively.

The volleyball men’s team finished in 11th position and the women took 15th spot.

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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