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31 August 2020 | Story Xolisa Mnukwa
SRC election term extended

SRC elections 2020/21 were due to take place before the end of August 2020 as prescribed by the ISRC constitution. However, owing to the COVID-19 pandemic, and the consequent lockdown regulations and extension of the UFS 2020 academic year, the current SRC term will be extended until March 2021.

The decision to extend the term of the SRC was taken by the Rectorate following a recommendation made by the Division of Student Affairs (DSA), after consultation with
the ISRC. 

The consultation process with the ISRC produced three options:
  • Proceed with SRC elections in August 2020;
  • Extend the current SRC term to align with the extended 2020 academic year; or
  • Elect a Transitional Student Council (TSC) from September 2020 to March 2021.
In view of the above, and considering current conditions amid the coronavirus pandemic,
online SRC elections are scheduled for March 2021. 

This extension implies that the terms of all the sub-structures of the ISRC will be extended accordingly.

This communication serves as official notice to the Student Body about the extension of the
2019/2020 ISRC term and all its sub-structures as per the prescripts of the ISRC Constitution.

The DSA, with particular reference to the Student Governance Office (SGO), remains
committed to engaging with all parties of legitimate interest about matters arising from,
related to, and/or about SRC elections in all its permutations. 

Should you have any questions or comments, please feel free to contact the SGO:
Coordinator: Kamogelo Dithebe (DithebeKS@ufs.ac.za)
Faculty Coordinator: (MunzheleleD@ufs.ac.za)
Administrator: Rethabile Motseki (MotsekiR@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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