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05 February 2019 | Story Xolisa Mnukwa | Photo Moeketsi Mokgotsi
KovsieAct Eco Cars Read More
Kovsies weld their way to a sustainable environment

The 2019 group of first-year students can look forward to a fun and adventure-filled first two weeks (28 January–9 February) of varsity life, as a number of projects and activities await them.

Kovsie ACT’s main theme for 2019 revolves around building ‘awareness’. This includes a tree-and-traffic-signs project which entails old T-shirts/material being sewn/crocheted together to make different patterns to be fitted around the trees on campus in order to create a beautiful piece of art portraying a message of ‘awareness’.

A canvas painting will also form part of the events, as first-years – with the help of their seniors – will be required to put together a painting that addresses environmental, crime, gender-based, and other societal issues that will later be placed on the wall at the Thakaneng Bridge.

On the morning of 9 February 2019, seniors will tackle the community-engagement leg of the Kovsie ACT line-up, working in their respective teams to decorate an eco-vehicle from waste materials. Each team has their own Pit stop – decorated in F1 style. This eco-vehicle race will take place on Saturday morning from 09:00 – 12:00 in Academia road (in front of Emily Hobhouse Residence).  In addition, art sculptures will be built to form part of the Eco-vehicle race. These art pieces - if approved – will after the Eco-vehicle challenge be assigned a spot on campus where it can spread the message of awareness and be appreciated by fellow students.

The abovementioned projects are expected to withstand adverse weather conditions and last for a minimum of six months.

To close off the Kovsie ACT activities, students and the public can see forward to exciting performances during the Kovsie ACT music festival on the evening of 9 February. This will include musical sensations such as the likes of Sho Madjozi, Bittereinder, Busiswa, and many more.

Tickets for the festival are available at the UFS Bloemfontein Campus Rag Farm and the Food Zone store. For more information on Kovsie ACT, visit https://www.ufs.ac.za/rag or contact Esmé Wessels at WesselsE@ufs.ac.za

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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