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26 October 2018 Photo Stephen Collett
Parks Tau at JN Boshoff lecture, believes that the state should assume role as leader
Parks Tau, who delivered this year’s JN Boshoff lecture, believes that the state should assume its rightful role as leader of all citizens.

The state entered into a covenant with society. The state is therefore obliged to provide essential services to the people. Holding into account the public sector is the White Paper on Local Government which was implemented at the birth of democracy. Now that the post-apartheid period has matured, leaders are unpacking the loaded subject of public service.

In his capacity as the South African Local Government Association president, Parks Tau delivered the 2018 JN Boshoff Memorial Lecture. He shared his views on: ‘What is the significance of the Public Service in nation-building within a democracy?’ 

The lecture was hosted by the Department of Public Administration and Management, at the University of the Free State’s Bloemfontein Campus on Wednesday 17 October 2018. Tau reiterated that the founding principles of social development and economic growth, integration, empowerment, and learning should be treated as a commitment by the government to the citizens of South Africa.

Constitutional rights reserved

In addition to communities being entitled to basic services such as the provision of water, sanitation, and safety, it is necessary to “move beyond merely stating the principle of Batho Pele. It requires of us to appreciate the role of the state in promoting equity and development in all communities”, Tau said.

Rights coupled with responsibilities 

Citizens and communities are responsible for safeguarding public property and making certain public officials are held accountable. “This covenant therefore goes both ways. It is about a relationship of mutual interest and benefit, and one that promotes both community and nationhood,” said the former Executive Mayor of the city of Johannesburg.

Tau stated that much work needed to be done through effective policies, legislation and investments to return the country to the levels of investor confidence that our national economy enjoyed during its highest rating from Moody’s in the 2008/9 financial year. This would ensure that the state assumed its rightful role as leader and organiser of different stakeholders and “takes its rightful place as a sovereign state in the family of nations”, as enshrined in the constitution.

News Archive

Academic addresses financial planning leaders at world summit
2010-05-04

Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), addressing financial leaders at the World Financial Planning Summit.


Adv. Wessel Oosthuizen, Director of the Centre for Financial Planning Law at the University of the Free State (UFS), is chair to four Financial Planning Standards Board (FPSB) expert panels that guide the global Certified Financial Planning (CFP) certification programme. At the recent World Financial Planning Summit, held in Taipei in China, he challenged a group of global financial planning leaders to support the formation of a global financial planning body of knowledge with sustainable career-path development opportunities.

He said: “For financial planning to be recognised as a distinct professional practice and a global profession, the financial planning community must establish a universal body of knowledge that is supported by applicable in-depth research.

“We need to establish how professional bodies should collaborate with academia to integrate a more competency-based education and training environment that combines theory with practice. Fostering and promoting comprehensive research in financial planning topics is another key challenge that must be addressed in order to develop a tertiary knowledge framework for the financial planning profession.”

Adv. Oosthuizen, who is playing a big role in providing consistent and rigorous education and assessment tools for financial planning in 2010, said that a bachelor’s degree should be a compulsory minimum requirement for practising financial planners.

About the learning curve between the academic and work environments in the financial planning profession, Adv. Oosthuizen said: “Implementing a career-path model that supports a more structured approach to apprenticeships and supervised practice would complement a specialised financial planning body of knowledge and provide entrants to the profession with the necessary theoretical knowledge and practical experience to offer competent and ethical financial planning.”

The World Financial Planning Summit engaged global leaders of more than 17 financial planning standards-setting bodies, as well as regulators, financial planning educators and other invited guests in a dialogue about the steps needed to gain recognition for financial planning as a distinct, global profession.
 

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