Latest News Archive

Please select Category, Year, and then Month to display items
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

Team UFS flexes its debating muscles
2015-08-07


Photo: Nkahiseng Ralepeli debates his way to the finals of the English as a First Language category at the UCT Open.

Team UFS flexes its debating muscles

Friday 24 July 2015 marks the day when the University of the Free State Debating Society (UFDS) outperformed the University of Cape Town (UCT) at the UCT 150th anniversary celebration of its debating union.

Representing Kovsies were Zola Valashiya, Ntsapi ‘Neko, Nkahiseng Ralepeli, Lehakoe Masedi, and Thabang Thembani, who fought bravely for a spot in the finals.

Masedi and Ralepeli broke into the semifinals after seven preliminary rounds, eventually winning the competition. The two students were up against three UCT teams, comprising the current National Champions and Pan African finalists.

This follows the debaters’ outstanding performance at the 2015 South African National University Debating Championship (SANUDC), hosted by the University of Venda. The UFDS commemorated a decade in existence by participating in its 10th national tournament.

After nine preliminary rounds, two teams broke into the grand finals of the two categories: English as a second language (ESL) and English as a first language (EFL). Devon Watson and Nkahiseng Ralepeli were the EFL team who fought their way through to the finals, beating UCT and the University of Botswana.

The inaugural Wits Women’s Debate Open (2014) title holders, Lerato Leteane and Lehakoe Masedi, represented Kovsies as the ESL finalists against the University of Nambia. The ladies rose to the occasion, but eventually emerged just one point short of the Namibian team’s four-point win.

Nonetheless, they were satisfied with their competitive skills, utilising the platform to address the lack of female debaters in the Southern African debating circuit.

 

 

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