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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. 

Governor Lesetja Kganyago, at a public lecture he presented at the UFS.
Governor Lesetja Kganyago, at a public lecture he presented at the UFS.
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Governor Lesetja Kganyago
Governor Lesetja Kganyago
Prof Phillippe Burger, Pro-Vice-Chancellor and Vice-Dean of Faculty of Economic and Management Sciences
Prof Phillippe Burger, Pro-Vice-Chancellor and Vice-Dean of Faculty of Economic and Management Sciences
Governor Lesetja Kganyago and Dr Engela van Staden, Vice-Rector:Academic
Governor Lesetja Kganyago and Dr Engela van Staden, Vice-Rector:Academic
From left;Prof Hendri Kroukamp, Dean of the Faculty of Economic and Management Sciences, Governor Lesetja Kganyago, and Prof Puleng LenkaBula, Vice-Rector: Institutional Change, Student Affairs
From left;Prof Hendri Kroukamp, Dean of the Faculty of Economic and Management Sciences, Governor Lesetja Kganyago, and Prof Puleng LenkaBula, Vice-Rector: Institutional Change, Student Affairs

News Archive

Programme: Intervarsity, Kovsies and Pukke
2008-08-01

Intervarsity on Kovsie Campus

Friday 8 August 2008:

Netball:
18:00 Soetdoring vs Dinki UFS Netball court 1
18:00 Wag-‘n-Bietjie (UFS) vs Eikenhof UFS Netball court 2
18:00 Marjolein vs Minjonet UFS Netball court 3
18:00 Vergeet-My-Nie 2 (UFS) vs Bellatrix UFS Netball court 4
19:15 Vergeet-My-Nie 1 (UFS) vs Wanda UFS Netball court 1
19:15 Roosmaryn vs Vergeet-My-Nie (PUK) UFS Netball court 2
19:15 Emily Hobhouse vs Karlien UFS Netball court 3
19:15 Soetdoring 2 vs Wag-‘n-Bietjie (PUK) UFS Netball court 4

Badminton:
18:00 UFS vs PUK ( 2 USSA teams) UFS Badminton hall

Squash:
18:00 UFS vs PUK ( 1 USSA teams) UFS Squash courts

Table Tennis:
18:00 UFS vs PUK ( 1 USSA teams) UFS Badminton hall

Hockey:
18:00 UFS Hostel 3 vs PUK Hostel 3 (Men) UFS Astro 2
18:00 Kovsies 1 vs PUK 1 (Men) UFS Astro 1
18:50 UFS Hostel 2 vs PUK Hostel 2 (Men) UFS Astro 2
19:30 UFS Hostel 1 vs PUK Hostel 1 (Men) UFS Astro 1

Soccer:
14:00 UFS 1 vs PUK 1 (Ladies) UFS field 8
16:00 UFS 2 vs PUK 2 (Men) UFS field 8
19:00 Toasts Shimla Park
19:20 UFS 1 vs PUK 1 Shimla Park

Saturday 9 August 2008:

Golf:
8:00 UFS vs PUK (8 men) Bloemfontein GC

Volleyball:
8:30 UFS men vs PUK men UFS Badminton hall

Tennis:
8:30 UFS Ladies vs PUK Ladies (10 players) UFS Tennis courts
8:30 UFS Men vs PUK Men (10 players) UFS Tennis courts

Hockey:
9:00 UFS Hostel 1 vs PUK Hostel 1 (L) UFS Astro 1
9:00 UFS Hostel 2 vs PUK Hostel 2 (L) UFS Astro 2
9:50 UFS Hostel 4 vs PUK Hostel 4 (L) UFS Astro 2
10:15 Kovsies 2 vs PUK 2 (L) UFS Astro 1
10:40 UFS Hostel 3 vs PUK Hostel 3 (L) UFS Astro 2
11:45 Kovsies 1 vs PUK 1 (L) UFS Astro 1

Rugby:
9:00 UFS u/19 vs PUK u/19 Shimla Park
9:00 UFS Agriculture vs PUK Engineers UFS field 2
9:00 Veritas (UFS) vs Overs UFS field 3
9:00 JBM vs Villagers UFS field 4
9:00 Karee vs Caput UFS field 5
10:30 UFS u/21 vs PUK u/21 Shimla Park
10:30 Vishuis vs De Wilgers UFS field 2
10:30 Armentum vs Veritas (PUK) UFS field 3
10:30 Reitz vs Patria UFS field 4
10:30 UFS Ritsims vs PUK 3 UFS field 5
12:00 Irawas vs Ibbies Shimla Park
13:30 Toasts Shimla Park
14:00 Shimlas vs PUKKE Shimla Park

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