Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
29 March 2019 | Story Lacea Loader
Edward Kiesswetter
Edward Kieswetter, newly appointed SARS Commissioner.

The Chairperson of the Council of the University of the Free State (UFS), Mr Willem Louw, extended a message of congratulations to Mr Edward Kieswetter on his appointment by President Cyril Ramaphosa this week as Commissioner of the South African Revenue Service (SARS).

Mr Kieswetter served as Deputy Chairperson of the UFS Council from 2008 to 2014 and was Visiting Professor at the university’s Business School until 2018.

“On behalf of the Council and the university community, I wish Mr Kieswetter well in his work as newly appointed SARS Commissioner. It is evident that the high-level selection panel made an exceptionally good choice for this crucial position. Mr Kieswetter’s vast experience as former SARS deputy commissioner, his subsequent track record of transformative leadership, and his experience in turning around a large institution will serve him well in this new role,” says Mr Louw.

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

‘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.”

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept