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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

University hosts International Feminist Journal of Politics first annual conference
2012-07-31

The university will host the first annual international conference organised by the prestigious international journal International Feminist Journal of Politics.

The conference will take place from 2 to 4 August 2012 on the Bloemfontein Campus and will coincide with national women’s month celebrations. The theme of the conference is “Leaving the Camp – Gender Analysis across Real and Perceived Divides”. Several leading scholars will participate in the proceedings.

Inderpal Grewal, Professor of Women’s, Gender and Sexuality Studies at Yale University in the United States and author of Transnational America: Feminisms, Diasporas, Neoliberalisms will deliver the keynote lecture entitled “Outsourcing Patriarchy: Media, Violence and Transnational Feminisms”.

Prof. André Keet, Director of the International Institute for Studies in Race, Reconciliation and Social Justice will deliver a keynote address at the Women’s Day Dinner on 2 August 2012. The topic will be "Clean shaven Marx [s]? Rights, Necromancy and Conceptions of Feminist Justice".

In addition, Prof. Amanda Gouws, Professor in the Department of Political Science at Stellenbosch University and also newly appointed Commissioner in the Commission for Gender Equality, will facilitate a feminist methodology workshop on “Working across Disciplinary and Professional Borders”.

The International Feminist journal of Politics offers a unique cross-cultural and international forum to foster debate and dialogue at the intersection of international relations, politics and women’s studies. Developed by a team of leading feminist scholars, this journal brings together some of the most influential figures in the field to build a global critical community of writers and readers.

The lecture by Inderpal Grewal takes place in the Business School Auditorium from 10:45-12:00 on 3 August. The lecture is open to the public, but please take note that space is limited.

For further information, please contact Prof. Heidi Hudson at hudsonh@ufs.ac.za  or visit http://ifjp.z2a.co.za.

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