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05 October 2018
The public participation process regarding the review of the position of the MT Steyn statue in front of the Main Building on the Bloemfontein Campus is concluded and the reflective column in front of the statue has been removed. The reflective column was placed in front of the statue to elevate engagement and solicit comments from the university community regarding the position of the statue.
 
The public participation process started on 9 July and was concluded on 9 September 2018. During this process, the university community had several opportunities to submit oral and written submissions regarding the position of the statue. The oral and written submissions received during the public participation process were analysed by an independent analyst and a report was provided to the special task team. The broad themes that emerged from the public participation process included opposition to the current location; opposition to the removal; removal to alternative positions off campus; and the addition of other statues next to the statue.
 
The public participation process was by no means a vote on the matter; the aim was to obtain as many opinions and comments about the position of the statue as possible, as it forms part of a broader endeavour to review the position of the statue.   
 
The process going forward is as follows:
 
(i)            The report on the public participation process will be incorporated into the draft Heritage Impact Assessment (HIA), and the heritage consultant will submit the final report to the special task team;
(ii)           The special task team will engage with the final HIA and make recommendations to the Rector and Vice-Chancellor;
(iii)          The Rector and Vice-Chancellor will discuss the HIA assessment and the recommendations of the special task team with the university’s executive management and will subsequently make recommendations to the UFS Council for consideration during its meeting in November 2018. 


Released by:
Lacea Loader (Director: Communication and Marketing)
Telephone: +27 51 401 2584 | +27 83 645 2454
Email: news@ufs.ac.za | loaderl@ufs.ac.za
Fax: +27 51 444 6393

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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