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28 June 2019 | Story Xolisa Mnukwa
UFS Thought Leader series
The 2019 UFS Thought-Leader Series explores techniques of renewal and solutions for economic growth and entrepreneurship as an instrument of development for South Africa.
The University of the Free State (UFS), in cooperation with Vrye Weekblad, will present the second consecutive Thought-Leader Series as part of the Vrystaat Arts Festival on Thursday 4 July in the Economic and Management Science Auditorium (EBW Auditorium) on the UFS Bloemfontein Campus.

As a higher-education institution, the UFS deems itself responsible for contributing to local and national public discourses by assembling industry experts to deliberate on imperative topics that affect students, the broader community, and the country in one way or another. 

Topic of discussion for 2019 Thought-leader series 

In 2019, the UFS Thought-Leader series unpacks Economic Growth and Entrepreneurship for a Growing South Africa in the form of two concentrated panel discussions which will address the questions, ‘How can we fix the South African economy and create jobs?’ and ‘How can we establish a pro-youth entrepreneurship strategy for South Africa?’ respectively.

Expert panellists to discuss economic growth and entrepreneurship

Editor of the Vrye Weekblad, Max du Preez, will be facilitating discussions between panellists. The following panellists will participate in the first panel: Executive Director at the Centre for Politics and Research and political commentator, Prince Mashele; Vice-Dean (Strategic Projects) of the UFS Faculty of Economic and Management Sciences, Prof Philippe Burger; Director and Chief Economist at the Efficient Group, Dawie Roodt; and Chief Economist at Investec, Annabel Bishop.  

Chief Executive Officer at Harambee Youth Employment Accelerator, Maryana Iskander; Senior Banker at the Rand Merchant Bank, David Abbey; and Head of the UFS Department of Business Management, Prof Brownhilder Neneh, will form part of the second panel. 

Details about the event:

Date: 4 July 2019

Time: 10:00
Panel 1: How can we fix the South African economy and create jobs?’ 

Time: 12:00
How can we establish a pro-youth entrepreneurship strategy for South Africa?’ 

Venue: Economic and Management Sciences Auditorium (EMS Auditorium), UFS Bloemfontein Campus

More information: +27 51 401 3422 or news@ufs.ac.za
 

News Archive

UFS finances are fundamentally sound
2007-12-01

The finances of the University of the Free State (UFS) remain fundamentally sound and a higher than expected surplus of about R26 million was achieved in the 2007 budget.

This announcement was made last week during the last meeting of the UFS Council by Prof. Frederick Fourie, Rector and Vice-Chancellor.

“Up to now, we could finance the considerable investments in the infrastructure from discretionary funds, in spite of the fact that Council granted us permission during 2005/06 to take up a loan of R50 million for this purpose,” said Prof. Fourie.

The higher than expected surplus of about R26 million will be used among other things for the financing of infrastructure in order to further postpone the taking up of a loan.

In support of the drive to reposition the UFS nationally as a university that is successfully integrating excellence and diversity, R5 million will be made available from the surplus for this purpose.

The Council also approved the following allocations for 2008 for the key strategic pillars of a good practice budget for the university:

Information sources: R21,1 million
IT infrastructure: R3,5 million
Replacing expensive equipment: R7,05 million
Research: R18,1 million
Capital expenditure: R28,2 million
Maintenance capital assets: R18,2 million
Reserves: R6,3 million
Personal computers for the computer laboratory: R3,5 million

For the Qwaqwa Campus R2,5 million has been set aside for these issues.

In terms of strategic priorities R8 million was allocated for the academic clusters, R2 million for equitability, diversity and redress and R6 million for equity.

The projected income for 2008 will be R849 million, while the projected expenditure, excluding transfers, will be R694 million.

“Council further approved that discretionary strategic funds be largely voted to the further upgrading of the physical infrastructure, especially the Chemistry Building, the computer laboratory building, examination venues and the Joolkol,” said Prof. Fourie.

According to Prof. Fourie, funds have been reserved for the development of the academic clusters, as well as the continuation and acceleration of the transformation programme of the UFS.

“We have also managed to revise the conditions of employment of contract appointments and align it with the latest labour practices. The phasing in of the fringe benefits of this specific group of staff members will commence in 2008,” said Prof. Fourie.

Given the dependence of the income of the UFS on student numbers, a task team was formed last year to investigate the continued financial sustainability of the UFS. The core of this task team’s recommendations is:

to increase the third income stream by using the academic clusters as the main strategy; and to apply strategies such as the recruitment and extension of the postgraduate and foreign student corps, increase the income from donations and fundraising, etc.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
30 November 2007
 

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