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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

Marieka Gryzenhout receives NRF-NSTF Award
2013-07-03

 

Dr Gryzenhout
Photo: Sonia Small
03 July 2013

“The award serves to prove that my type of research is truly relevant.” These are the words of Dr Marieka Gryzenhout of the Department of Plant Sciences at the UFS, who received the T W Kambule NRF-NSTF Award as emerging researcher in June 2013.

The award from the National Research Foundation (NRF) and the National Science and Technology Forum (NSTF) gives recognition to her outstanding contribution to science, engineering, technology and innovation (SETI) in the country.

Dr Gryzenhout is also part of the Vice-Chancellor’s Prestige Scholar Programme.

“It was an honour to be chosen as a finalist, but to even win it? Die award indicates the importance of fungi and plant pathogens, and their presence in various biological systems and that it is important to identify and categorise significant plant pathogens and fungi to enable easier access for users of these names.”

Dr Gryzenhout was in the US on the evening of the awards ceremony, attending a workshop on the identification and research of another fungus group, Fusarium. “This group is extremely important, since it includes important plant pathogens, producers of toxins in food and feed, as well as animal and human pathogens, and it also plays important ecological roles.”

She attended the Kansas State University in Kansas and paid a visit to the Bacterial Foodborne Pathogens and Mycology Unit of the US Department of Agriculture in Illinois.

Dr Gryzenhout is also a finalist in the Women in Science Awards hosted by the Department of Science and Technology. The winner will be announced in August 2013. Prof Maryke Labuschagne and Rose Lekhooa are also nominees.

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