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05 June 2018 Photo Supplied
Digging up truth South Africa was way different to what you thought
Archaeological excavations in the Wonderwerk Cave, north of Kuruman in the Northern Cape.

Research fellow Dr Lloyd Rossouw from the Department of Plant Sciences at the University of the Free State (UFS) recently published an article in the Nature Ecology and Evolution journal with Dr Michaela Ecker from the University of Toronto as lead author, and Dr James Brink, research fellow at the UFS Centre for Environmental Management. The findings described in “The palaeoecological context of the Oldowan-Acheulean in southern Africa” provides the first extensive paleoenvironmental sequence for the interior of southern Africa by applying a combination of methods for environmental reconstruction at Wonderwerk Cave, which have yielded multiple evidence of early human occupation dating back almost two million years ago.

Where water once was
The Wonderwerk Cave is found north of the Kuruman hills (situated in Northern Cape) a 140m long tube with a low ceiling. The surroundings are harsh. Semi-arid conditions allow for the survival of only hardy bushes, trees, and grasses. But during the Early Pleistocene, stepping out of the Wonderwerk Cave you would have been greeted by a completely different site, the researchers found. Using carbon and oxygen stable isotope analysis on the teeth of herbivores (Dr Ecker), fossil faunal abundance (Dr Brink), as well as the analysis of microscopic plant silica remains (phytoliths) excavated from fossil soils inside the cave (Dr Rossouw), the results show that ancient environments in the central interior of southern Africa were significantly wetter and housed a plant community unlike any other in the modern African savanna. 

What difference does it make?
While East African research shows increasing aridity and the spread of summer-rainfall grasslands more than a million years ago, the results from this study indicate an interesting twist. During the same period, shifts in rainfall seasonality allowed for alternating summer and winter-rainfall grass occurrences coupled with prolonged wetlands, that remained major components of Early Pleistocene (more or less the period between one and two million years ago) environments in the central interior of southern Africa. That means our human ancestors were also living and evolving in environments other than the generally accepted open, arid grassland model.

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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