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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

Nutrition congress to be held at the UFS
2012-09-21

About 1 000 experts, researchers, nutritionists and policy makers in nutrition and feeding from all over Africa and some abroad will gather at the University of the Free State for the Nutrition Congress Africa 2012.

This congress will take place at the Bloemfontein Campus from 1 to 4 October 2012 where various national and international experts will deliver presentations on the latest research and developments on nutrition and dietetics in Africa.

The Nutrition Congress Africa 2012 is a joint scientific meeting of the 24th congress of the Nutrition Society of South Africa, the 12th congress of the Association for Dietetics in South Africa and the 5th African Nutrition Epidemiology Congress .

The theme for the congress is “Transforming the Nutrition Landscape in Africa” and it motivates nutrition experts and scientists to take action and apply knowledge and skills to improve nutrition in Africa.

Plenary, as well as five parallel sessions will be presented over four days,  covering  topics which include amongst others addressing poverty and food insecurity, food regulatory and labelling issues, the food industry, HIV and nutrition, the sports nutrition industry, nutritional management of renal and GI-related diseases, food security, maternal and infant nutrition.

“We believe that working together as nutrition experts will strengthen professional networks and allow us to share expertise and exchange experiences to the benefit of all,” says Dr Ronette Lategan, chairperson of the Nutrition 2012 congress and lecturer at the UFS’ Department of Nutrition and Dietetics.

“Nutrition is a fast developing science and a wide spectrum of topics with the latest research and developments will be included in the programme.

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