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09 March 2018 Photo Varsity Sports
Athletes show huge promise at Varsity Athletics meeting
Hendrik Martens of the Kovsies earned a silver medal in the 200m at theVarsity Athletics meeting in Pretoria.

The University of the Free State (UFS) dominated affairs in the middle distance at the first Varsity Athletics meeting of the year where they bagged no less than three gold and two silver medals.
The meeting took place on Friday 2 March at the Tuks Athletics Stadium in Pretoria. 

Middle distances have produced Olympic athletes for Kovsies such as Johan Cronjé and Rynardt van Rensburg in the recent past. 

Kovsies produced winners
The Kovsies produced both the men’s and women’s winners in the 800m. They were Ruan Jonck (1:50.06) and Ts’epang Sello (2:07.15) respectively.

Bennie Prinsloo finished in second spot.

In the 1500m for women, two Free State students also took the first two spots. Tyler Beling, who is just18 years old, dominated and finished six seconds (04:39.47) before Lara Orrock (04:45.2) in second place.
Orrock is also a first-year. Beling and Orrock were two of eight first-year students in the team of 25 athletes.
Apart from a first place in the men’s varsity mixed medley relay that was unfortunately the only gold medals the Kovsies managed on the night. 
They ended in fourth position behind Tuks (first), NWU (second) and UJ (third).

Gold, silver and bronze medals
There were, however, several silver and bronze medals.

Hendrik Maartens (second) and Oratile Sethlabi (third) gave good performances in the 200m. 

In the long jump for women, Maryke Brits grabbed second place and Norbert Ponisammy did the same for men. Interestingly, both also compete as sprinters.
Sefako Mokhosoa was the second best triple jumper and Nadia Meiring and Juan Muller both earned third spots in the hammer throw.

The second Varsity Athletics meeting is scheduled for 23 March 2018 in Pretoria.

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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