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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

Dean of Health Sciences receives prestigious international fellowship
2015-11-11



Dean of the Faculty of Health Science,
Prof Gert van Zyl

The Dean of our Faculty of Health Science, Prof Gert van Zyl, was admitted as an Inaugural Fellow of the Association for Medical Education in Europe (AMEE) at the annual conference in Glasgow.

This fellowship recognises members of AMEE who have demonstrated a consistent commitment to excellence in health professional education through scholarly contributions to the field over at least five years. Prof Van Zyl was honored with a Fellowship for his senior role related to education at the UFS, including his scholarly contributions. “This was an enormous privilege for me to be awarded the AMEE full Fellowship as one of only two South Africans to receive this honour from a prestigious organisation such as the AMEE. It also gives credit to the excellent work done by the team in the South African Association of Health Educationalists (SAAHE), and the Health Science Education team in the Faculty of Health Sciences at the UFS. All the leadership, hard work, and excellence over many years are acknowledged with this Fellowship. My appreciation to colleagues that motivated and inspired me during my academic journey to achieve this fellowship,” says Prof Van Zyl.

In seeking Fellowship of AMEE, applicants make a commitment to continue their leadership and the promotion of scholarship in health professional education into the future, as well as to the ongoing mentorship and development of more junior members who aspire to recognition at Associate Fellow or Fellow level. Fellows are expected to contribute actively to AMEE activities.

Prof Van Zyl was also recently appointed by the Minister of Health, Dr Aaron Motsoaledi, as Council Member representing Higher Education on the Health Professions Council of South Africa (HPCSA).

 

 

 

 

 

 

 

 

 

 

 

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