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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

Verklaring - Afsterwe van student
2005-03-07

Afsterwe van eerstejaarstudent - Verklaring deur Die Rektor en Visekanselier van die UV, Prof Frederick Fourie

Die bestuur van die UV is diep ontsteld oor die tragiese dood van een van ons studente, Hannes van Rensburg, die afgelope naweek. Ons het reeds met die ouers geskakel en ons innige simpatie aan hulle oorgedra.

“Ek is ook erg bekommerd oor die aard van die bewerings oor drankgebruik en -misbruik, en neem elkeen van die bewerings ernstig op.” Die UV-bestuur is, net soos besture by ander universiteite, uiters bekommerd oor die drinkkultuur onder studente, veral ook die element daarvan wat met gewaande manlikheid te doen het. Ook ander elemente van koshuiskultuur en –gesagsverhoudinge hou dalk hiermee verband.

“Ek is ook ten sterkste gekant teen praktyke wat studente dwing tot sekere gedrag soos byvoorbeeld gedwonge drankgebruik”.

Iets soos ‘n “pa-seun” aand is ‘n verskynsel wat by verskeie universiteite voorkom. By die UV is dit geensins deel van die oriënteringsfase van eerstejaars nie. Dit vind juis etlike weke na die ontheffing van die eerstejaars plaas. Dit is ‘n normale funksie waarin seniors en eerstejaars saam sosiaal verkeer in die seniorbonde van koshuise.

Die UV-bestuur het streng beheermaatreëls in plek om drankgebruik te reguleer en dit binne perke te hou. Baie word gedoen om die verantwoordelike gebruik van alkohol aan te moedig. Dit is egter nie altyd moontlik om die individuele gedrag van studente te reguleer nie.

Ek kondig dus die volgende stappe aan, wat onmiddellik van krag is:

  • Die reg van alle seniorbonde op die UV kampus om alkoholiese drank te bedien word onmiddellik teruggetrek, tot verdere kennisgewing.
  • ‘n Indringende ondersoek onder leiding van dr Ezekiel Moraka, Viserektor: Studentesake, na die omstandighede rondom hierdie tragiese gebeurtenis is reeds geloods.
  • ‘n Breër ondersoek na die drinkkultuur en verwante elemente van koshuistradisies sal deel van hierdie ondersoek wees.

Dissiplinêre stappe sal geneem word teen persone wat skuldig bevind word aan wangedrag met betrekking tot hierdie tragiese voorval.


Uitgereik deur: Lacea Loader
Mediaverteenwoordiger
Tel: (051) 401-2584
Sel: 083 645 2454
E-pos: loaderl.stg@mail.uovs.ac.za
7 Maart 2005

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