Latest News Archive

Please select Category, Year, and then Month to display items
Years
2017 2018 2019 2020
Previous Archive
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

‘Celebrating the music of our times’
2013-07-25

 

25 July 2013

The Odeion School of Music’s (OSM) New Music Week, hosted from 17–20 July 2013, offered an experience of profundity.

This was the second week-long festival of its kind to be hosted by the OSM – last year the 90th birthday of the South African composer, Stefans Grové, was celebrated with concerts and a symposium. This year the New Music Week focused on the visit of Ensemble Trans-Z under the artistic leadership of former OSM student, Alfred Vorster, a composer living in Zürich. The Order of the Odeion School of Music was bestowed upon Vorster during the festival. The members of the ensemble are the Belgian pianist Lukas Huisman, Danré Strydom (currently an OSM doctoral student in clarinet, based in Ghent), the Argentinian violinist Juan Braceras and the Swedish cellist Karolina Öhman (both currently living in Basel, Switzerland).

The week included three lectures. Lukas Huisman elucidated his doctoral project, Alfred Vorster offered an analytical perspective on the work of Helmut Lachenmann and Hannes Taljaard (Potchefstroom) delivered a commentary on his own composition practice. In addition to presenting masters’ classes in their individual instruments, Ensemble Trans-Z also hosted two workshops – one for the Mangaung String Project and another for OSM students and staff. These workshops focused on creative improvisation practices within an avant-garde style.

The highlight of the festival was two gala concerts that were held on 19 and 20 July. The first concert was hosted by Ensemble Trans-Z themselves, with a selection of compositions in the avant-garde style. The programme included challenging listening material and was creatively presented with unconventional lighting techniques and visual material.

The concert on 20 July consisted of New Music of a more conventional nature. The Odeion String Quartet offered a varied presentation which consisted of a rich mix of talent. OSM postgraduate students Marianne Cilliers, Karol Legierski and Eljee du Plooy formed part of this spectacular performance. The OSM flute lecturer, Handri Loots and the members of Ensemble Trans-Z supplied additional depth to the concert. The experience was made extra special by the recently-formed New Music Ensemble of the School of Music at the North-West University – led by Augusto Arias. Under conductorship of Jan-Moritz Onken, the OSM Camerata completed this impressive collaboration.

The Camerata’s recital of Hendrik Hofmeyr’s Phantom Waltz, which the composer newly arranged especially for this ensemble, was but one of the artistic highlights of an inspiring presentation.

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept