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Africa Month to unpack pressing topics following elections

06 May 2019 | Story Valentino Ndaba | Photo Barend Nagel

Africa Day marks the commemoration of the establishment of the Organisation of Africa Unity (OAU), now called the African Union (AU). Every year on 25 May the continent celebrates its diverse peoples and cultures. At the University of the Free State (UFS), Africa Month is pinned on the calendar as a time for critical conversation. This year, it coincides with the general elections on 8 May 2019, when South Africans will exercise their democratic right to vote.

Opportunity versus opportunism

A series of events such as the Annual Africa Day Memorial Lecture, hosted by the Centre for Gender and Africa Studies will mark the memorable month. Prof Francis Nyamnjoh is expected delve deeper into the topic of Ubuntu-ism and Africa: Reconciling opportunity and opportunism.

Giving back to locals

The Student Representative Council is to champion a community outreach programme known as Meal In A Jar. This initiative will see learners at Joe Solomon Primary School in Heidedal receiving a hearty meal and stationery as a gesture of ubuntu and engaged scholarship.

Dialogue beyond borders

The Office for International Affairs is to host the second Annual Africa Day Reflection and Celebration event at which topical issues of continental importance will be dealt with.

Migration, segregation, and liberation

The Debate Society together with the History Student Society will unpack Africa’s role in South Africa’s liberation, the formation of Southern Africa’s borders, and free internal migration policy.

Debate on African Boarders
Tuesday 21 May 2019
15:00-17:30
Albert Wessels Auditorium, Bloemfontein Campus

Annual Africa Day Memorial Lecture
Wednesday 22 May 2019
17:30
Equitas Auditorium, Bloemfontein Campus

Meal In A Jar
Thursday 23 May 2019
14:00
Joe Solomon Primary School, Heidedal

2019 Africa Day Reflection and Celebration (Livestream)
Friday 24 May 2019
11:00-14:00
Reitz Hall, Centenary Complex, Bloemfontein Campus

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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