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29 October 2018


Prof Stef Coetzee, former Rector and Vice-Chancellor of the University of the Free State (UFS), passed away in the Mediclinic Cape Gate on Saturday 27 October 2018. 

Prof Coetzee assumed duty as the 11th Rector and Vice-Chancellor of the UFS on 1 April 1997. He will be remembered for his drive to promote transformation at the UFS. During his time as Rector and Vice-Chancellor, he initiated a revitalisation process (turnaround strategy) which was ultimately finalised by his successor, Prof Frederick Fourie.

Among others, he established a Broad Transformation Forum (BTF) and transformation office to draft a new political framework for the UFS. He strived to manage the university as a business enterprise and was focused on developing the academy in an entrepreneurial manner. His legacy includes the establishment of the BTF, the revitalisation process (turnaround strategy), academic revitalisation, growing student numbers, and increased research outputs. He stepped down as Rector at the end of 2002.

“The turnaround strategy initiated by Prof Coetzee during his term as Rector and Vice-Chancellor is still evident today in the management approach of the UFS. On behalf of the executive management and the university community, I wish his family, relatives, and former colleagues all the best during this difficult and sad time. I hope that they will find comfort in his significant contribution to various sectors in the country – especially at the UFS,” said Prof Francis Petersen, Rector and Vice-Chancellor of the UFS.

Prof Stef Coetzee obtained his MA degree in Economics at Stellenbosch University in 1973, and a DPhil in Development Economics at the University of the Free State (UFS) in 1980. He is a former Executive Officer of the Afrikaanse Handelsinstituut and was also associated with Unisa and the North-West University


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News Archive

‘Global financial crisis is far from over’
2012-09-09

At the lecture were, from the left: Dr Arno van Niekerk (Department of Economy), Dr Francois Strydom (Centre for Teaching and Learning), Dr Mallory du Plooy (UFS101), Ms Gill Marcus, Governor of the Reserve Bank, and Lauren Hing and Louise Strydom of the UFS101 office.
Photo: Leatitia Pienaar.
6 September 2012

The global financial crisis the world has been experiencing since 2008 is far from over. In fact, Gill Marcus, Governor of the South African Reserve Bank, expects it to last for the next five years. “It is the longest financial crisis in history,” she said.

Ms Marcus lectured in the new UFS101 course of the university. The course was implemented at the beginning of the year and is aimed at broadening the world for new first-year students. About 2 000 students are taking the course.

Ms Marcus brought globalisation home and explained how activities in the international area impact on the lives of South Africans. She said South Africa was not excluded from the effect of global crises. Ms Marcus also said that South Africa was one of only a few countries in the world not experiencing a banking crisis due to strict controls in place, but more could be done.

“The big question is how to make sure that the South African banking system stays sound,” she said.

On a question about the debt of South Africans, she said it was important for South Africans to live within their means. “If we want to afford our new development, we need a savings percentage of 25 percent.” South Africa needs foreign capital investment to supplement the low local savings.

“It is difficult to resist all aspects of globalisation. Some can be to our advantage, but the others pose tremendous challenges.”

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