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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

UFS more accessible for persons with disabilities
2010-04-22

After millions of rands have already been spent on making its buildings more accessible to people with disabilities, the University of the Free State (UFS) is embarking on a new drive to make the Main Campus more user-friendly for its students and staff with disabilities.

Recently the UFS completed a report with recommendations to upgrade more of its buildings in this regard.

The university is already a leader with regard to its services to students with disabilities and is drawing students from all over the country. The Unit for Students with Disabilities (USD) at the UFS offers support to approximately 120 students.

According to Prof. Niel Viljoen, Vice-Rector: Operations, it remains an ongoing process that should constantly be reviewed. Following a prioritised strategic plan, the UFS is upgrading the bathrooms and elevators in its buildings as well as the ramps and parking spaces.

In the new drive a number of future projects have been identified to make the buildings as well as the Main Campus more accessible and user-friendly for persons with disabilities:

Ramps will be added at the entrances to four more buildings. The entrances to the Geology and Geography Buildings will also be made more accessible. An access ramp from the parking area to the pavement will also be added at the CR de Wet Building (housing the Departments of Physiotherapy and Occupational Therapy).

To make classrooms on higher levels accessible, the UFS is looking into the possibility of installing elevators in four more buildings. The university is also investigating the possibility of stair lifts in two of its buildings. Existing elevators on campus will also be upgraded.

More allocated parking spaces for persons in wheelchairs will also be provided closer to buildings.

Accessible bathrooms for persons with disabilities will be added in five more buildings on campus.

Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt@ufs.ac.za  
22 April 2010

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