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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. 

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UFS hosts the nation's senior professionals in Student Affairs
2011-12-05

 

Some of the Senior Student Affairs Professionals present at the meeting were back row from left: Dr Llewellyn MacMaster, Dean of Student Affairs: Stellenbosch University; Profs. Bobby Mandew, Dean of Student Affairs: University of Johannesburg; McGlory Speckman, Dean of Student Affairs: University of Pretoria; and Ms Babalwa Ntabeni-Matutu, Department of Higher Education and Training. Front from left are: Dr Choice Makhetha and Ms Khanyisile Nyembenzi, SAASSAP Project Officer from the University of KwaZulu-Natal.
Photo: Stephen Collett

The Deans of Students of thirteen of the country’s universities recently gathered at the University of the Free State's (UFS) Bloemfontein Campus to attend the Deans’ Forum of the South African Association of Senior Student Affairs Professionals (SAASSAP).  

The heads of Students Affairs from universities such as Stellenbosch, Johannesburg and Pretoria discussed challenges facing higher education institutions and shared campus experiences during their meeting.
 
Dr Choice Makhetha, Acting Vice-Rector: External Relations at the UFS and President of SAASSAP, says the issues that were addressed included registrations and poverty on campuses. Dr Makhetha, who is serving a second term as president of the organisation, says they came up with strategies on how to support campuses in partnership with the Department of Higher Education and Training.
 
SAASSAP will host its 14th national conference next year from 24 - 26 October in Bloemfontein. The UFS and the Central University of Technology will host the conference together and it is expected that all twenty three member institutions as well as Student Affairs Associations from abroad will attend.

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