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06 March 2020 | Story Valentino Ndaba | Photo Stephen Collett
Lesetja Kganyago, Governor of the South African Reserve Bank
Reserve Bank Governor, Lesetja Kganyago, presented a public lecture at the UFS on 4 March 2020.

With a 7% fiscal deficit on the Gross Domestic Product (GDP) projected by the National Treasury for the 2020/21 financial year, it would not take long to arrive at a dangerous level of debt at the rate that South Africa is borrowing. Although the South African Reserve Bank Governor, Lesetja Kganyago, does not consider a debt to GDP rate of 60% a disaster, he did express his concern regarding the country’s fiscal deficits being over 6% of the GDP.

Governor Kganyago presented a public lecture at the University of the Free State (UFS) on 4 March 2020, focusing on how we should use macro-economic policy and its role in our economic growth problem.

Unsustainable policies 
South Africa’s fiscal situation is not about tight monetary policy. According to the Governor: “Weak growth is endogenous in our fiscal problems. We cannot keep doing what we are doing and hope that growth will recover and save us. Growth is low, in large part, because of unsustainable policy.”

Avoiding an impending crisis
To address the problem, as a policymaker with more than 20 years’ experience, the Governor suggested that the recommendations made by Minister Tito Mboweni be taken into consideration. “The Minister of Finance, Tito Mboweni, is a man who says things that are true even when they are unpopular. His message is that we have to reduce spending and he is right to put this at the centre of our macro-economic debate,” said Governor Kganyago.

The state needs a radical economic turnaround strategy which is able to diminish the risk of losing market access and being forced to ask the International Monetary Fund for help. Governor Kganyago is positive that such a reformative tactic would go beyond monetary policy and ensure that the interest bill ceases to claim more of South Africa’s scarce resources. 

News Archive

UN-SPIDER expert appointed at UFS Risk Management Centre
2017-06-02

Description: Dr Joerg Szarzynski Tags: Dr Joerg Szarzynski

Dr Joerg Szarzynski, head of the EduSphere section
and Education Programme Director at the
United Nations University, Institute for Environment
and Human Security.
Photo: Supplied

“This new development will strengthen the long-lasting collaboration between DiMTEC and the United Nations University, Institute for Environment and Human Security (UNU-EHS) in Bonn in Germany. This [collaboration] goes back for almost a decade of joint training courses and increasingly also includes collaboration in the frame of scientific projects, especially in Africa.”

These were the words of Dr Joerg Szarzynski after his appointment as Affiliated Associate Professor to the Disaster Management Training and Education Centre for Africa (DiMTEC) at the University of the Free State (UFS). Dr Szarzynski will assume his new position with immediate effect.
 
The United Nations University (UNU) is a global thinktank and postgraduate teaching organisation headquartered in Japan.

Dr Szarzynski, head of the EduSphere section and Education Programme Director at UNU-EHS, brings with him a wealth of experience, including serving as senior expert to the United Nations Platform for Space-based Information for Disaster Management and Emergency Response (UN-SPIDER). Within the team, he was principal desk officer for Africa responsible for relief activities after natural disasters, technical consultation, information management, collaborative network development and the cluster on health and climate change adaptation. He also has broad expertise in climatology and remote sensing, global environmental change research, capacity-building and web-based data and information management.

“Dr Szarzynski’s appointment brings
new research opportunities.”

Lecture focus on vulnerability and disaster risk reduction
As part of his new academic responsibilities, Dr Szarzynski will conduct face-to-face lectures during a course on vulnerability and disaster risk-reduction. With this course the centre aims to increase awareness of the complexity and importance of vulnerability and resilience in the field of disaster risk management. Dr Szarzynski’s teachings will focus on Early Warning Systems and Geospatial Technologies in Support of Disaster Risk Reduction (DRR) and Emergency Response Preparedness. He will also lead courses on Assessment and Coordination in International Disaster Management and Humanitarian Response and Information Technology in Disaster Risk Reduction and Disaster Management.

Furthermore he will give lectures via distance learning for the wider curriculum at DiMTEC.

Collaboration between DiMTEC and UNU
Dr Andries Jordaan, Director of DiMTEC at the UFS said: “His appointment opens new networks within the United Nations system, which brings new research opportunities. Furthermore, his expertise is important to us. He has already provided input and delivered lectures through Skype in the course of Information Technology and Communication.”

Dr Szarzynski has been lecturing for the past 10 years in the UFS’ international PhD curriculum.

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