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30 October 2019 | Story Ruan Bruwer | Photo Sonia Small
Springboks
Prof Francis Petersen, UFS Rector and Vice-Chancellor, paid a special visit to the Springboks in 2018 before they faced England in Bloemfontein. From the left are Jacques Nienaber (Springbok assistant coach), Oupa Mohoje (Springbok), Prof Petersen, Rassie Erasmus (Springbok head coach), and Swys de Bruin (Springbok consultant coach at the time). De Bruin, Erasmus, Nienaber, and Mohoje are all Kovsie alumni.

Like the rest of the country, we are behind our Springboks all the way. This is what Prof Francis Petersen, Rector and Vice-Chancellor of the University of the Free State (UFS), told alumnus Rassie Erasmus in a letter this week.

Prof Petersen wrote the letter to Erasmus, the head coach of the Springboks, to wish him everything of the best in the team’s preparation and for the game on Saturday (2 November 2019) at which they face England in the Rugby World Cup final in Japan.

"On behalf of the staff and students of the University of the Free State, I would like to wish you and the Springbok team all the best with your preparations this week and for the final. I know that Saturday’s match will be played with vigour and determination,” Prof Petersen wrote.

Prof Petersen said the UFS community was extremely proud of the Springboks’ achievements during the 2019 Rugby World Cup – especially with Erasmus at the helm of the team. The Boks defeated Japan in the quarter-final and Wales in the semi-final to reach their first final since 2007.

“As a former Shimla player and Kovsie Alumnus of the Year 1998, we are truly proud of what you have achieved during your career in South African rugby, and especially during the World Cup tournament. We are also proud of our other alumni – Jacques Nienaber as defence coach, and referee Jaco Peyper.”

Peyper refereed one of the quarter-finals and will be an assistant referee in the bronze medal play-off between New Zealand and Wales on 1 November 2019.

Under Erasmus the Springboks won the Rugby Championship this year, the first time since 2010. Erasmus and Nienaber have a long relationship. They met in the army in 1991. Later Nienaber served as physiotherapist with the Shimlas and Erasmus captained the team. They worked together at the Cheetahs, Cats, Stormers, Munster and now the Springboks.

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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