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29 January 2020 | Story Xolisa Mnukwa
Kovie Act
For more information on the 2020 Kovsie ACT programme and the upcoming events, visit the UFS Kovsie ACT website page, email: jool@ufs.ac.za or call: +27 51 401 2718 or visit Kovsie ACT on Facebook and Twitter.

The University of the Free State (UFS) is preparing for an exciting 2020 KovsieAct programme, with Amapiano superstar Kabza de Small, deep house music pioneers Black Motion, and musical sensations Spoegwolf and Early B poised to entertain students, staff, and the public at a Kovsie ACT music festival on 1 February 2020. 

Something new to the programme this year is the Kovsie ACT eco-vehicle parade through the streets of Bloemfontein. This parade replaced the old RAG float building and procession.

This is done with the intention to foster a close relationship with the broader Bloemfontein community. The parade on 1 February 2020 is also a celebration by first-year students of their entry into the UFS campus community.

The parade will be followed by an eco-vehicle race taking place on the UFS Bloemfontein Campus. Five teams will compete in categories including an Endurance race, Slalom course, Obstacle course, and Formula1-inspired race. Karen Scheepers, 
UFS Assistant Director for Student Life, says Kovsie ACT is a great opportunity for students to learn about sustainable environmental development through exciting community-building activities. “It’s an opportunity for them to learn new skills and build valuable relationships.”

“Skills developed through the programme include students learning to listen and communicate better; they also acquire time-management and relationship-building skills. Kovsie ACT also propels them to persevere and practise responsibility and pride in the activities they participate in throughout the programme, which sees them personify the term ‘only a Kovsie knows the feeling’,” Scheepers explained. 

Dr WP Wahl, Director: Student Life in the Department of Student Affairs, says the UFS has already initiated the next phase of the eco-vehicle project.  

“The Department of Student Affairs, in partnership with merSETA and the Department of Engineering Sciences (Faculty of Natural and Agricultural Sciences), is developing six skills programmes that will significantly enhance the developmental impact of this programme for participating students.  To this effect, a team of engineers and instructional designers are working with the UFS to ensure that the necessary competencies are embedded in these skills programmes, which will help graduates compete on a global scale.  Students will be able to apply to become part of this high-tech phase of the eco-vehicle project during April 2020.” 

Kovsie ACT programme

09:00 – Kovsie Act Parade departing from the UFS Furstenburg Gate. Short parade through Mangaung: Nelson Mandela Drive – Zastron Street – 2nd Avenue – Kellner Street and return via Nelson Mandela Drive to the UFS

11:00 - Parade arrives back at UFS Furstenburg Gate

11:30–14:00: Eco-vehicle race at Mokete Square (previously known as the Red Square) on the Bloemfontein Campus

 16:00–till late: Kovsie ACT Music Festival at Bloemfontein Campus Rag Farm 
For more information on the above-mentioned events, visit the UFS Kovsie ACT page, email: jool@ufs.ac.za or call: +27 51 401 2718 or visit Kovsie ACT on Facebook and Twitter.

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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