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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

Odeion School of Music launches new Organ Chair
2015-09-16



Liesbeth Schlumberger-Kurpershoek

The Odeion School of Music (OSM) at the University of the Free State (UFS) has become the first in the country to launch an Organ Chair, named after seasoned international organist Liesbeth Schlumberger-Kurpershoek.

Over the last two decades South African has seen a decline in organ student numbers. The School of Music has taken the initiative by deploying experts and instructors to coach and mentor OSM students, in an effort to increase their chances of excelling in the international music scene.

The Organ Chair is an entity of the International Artistic Mentorship Programme (IAMP), which aims to establish partnerships between successful international musicians and OSM students. It is within this context that the OSM decided to launch the institutionalisation of an Organ Chair in a programme scheduled to take place from 8 -13 September 2015 in the Bloemfontein Campus and in surrounding areas.

Meet the expert

Liesbeth Schlumberger-Kurpershoek is a French-South African organist and pedagogue, who is well versed in the music profession. This bodes well for our university’s music students.  Initially educated by the great Stephanus Zondagh at the University of Pretoria while still a school pupil, Liesbeth’s passion for music has soared to great height since then.

Some of her accolades include winning the prestigious SABC Music Prize in 1985, and the International Organ Competition held in Bordeaux in 1989.

Liesbeth has worked with distinguished organists at the France Conservatoire National de Ruiel-Malmaison, the Conservatoire National de Région, Conservatoire National Supérieur de Musique in Lyon, and is the organist at Reformed Church of Etoile in Paris. In 2010, she was an adjudicator at the Chartres International Organ Competition, one of the most prestigious of its kind in the organ world.

This active recitalist and masterclass pedagogue facilitated classes attended by master students from Cape Town, Stellenbosch, and Potchestroom, and workshops as part of launching the Liesbeth Schlumberger-Kurpershoek OSM Organ Chair.

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