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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

School of Medicine boasts with a new unit
2013-02-22

 

New Clinical Skills Simulation unit is one of its kind.
Photo: Supplied
22 February 2013


The Faculty of Health Sciences at the University of the Free State (UFS) can now boasts with a new Medical Clinical Skills Simulation unit (MCSU) at the School of Medicine.

This newly established Clinical Simulation Unit is the first dedicated clinical simulation unit of its kind in South Africa. It was opened on Thursday 21 February 2013.

This facility is equipped with an operating theatre, Intensive Care Unit, two simulation and three private rooms.

In addition, the Unit has control rooms with cameras for recording purposes and debriefing facilities, the latter with video equipment for playback of recorded scenarios.

The Simulation Unit at the UFS’ School of Medicine is based on accredited units in the USA and the UK.

Dr Mathys Labuschagne, Head of the Simulation Unit, says the concept for this kind of unit is still new, but is already a very important part of clinical skills training in the health professions.

“We are the only university in South Africa with a unit dedicated to clinical skills simulation only and not a combination of clinical skills training which includes some simulation.”

The primary goal of the MCSU is to provide educational opportunities to undergraduate and postgraduate medical students, as well as opportunities for other healthcare students in the Faculty of Health Sciences, to be exposed to inter-professional skills training. The MCSU will play a role in quality assurance of training and assessment, as well as research.

The aim of the Clinical Simulation Unit is to provide a facility where medical and other healthcare students or professionals can be exposed to:

  • Training in a safe environment.
  • Training without harm to the patient.
  • Scenario-based learning.
  • Debriefing.

The facility will also be utilised for post-qualification refresher and training courses.

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