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

Tanya takes over netball reins from big sister
2016-07-04

Description: Tanya Mostert USSA SASPA Tags: Tanya Mostert USSA

Tanya Mostert will lead the University of
the Free State Netball team at the USSA
tournament in Cape Town.

Photo: SASPA

Last year, big sister led the Kovsie team, and now it is the turn of her little sister. Tanya Mostert will be filling the shoes of her big sister, Karla Mostert, when she leads the University of the Free State (UFS) team in the USSA tournament in Cape Town from Monday 4 July 2016.

Karla now helping as defence coach

Karla was captain in Johannesburg in 2015 when the UFS lost against Tuks in the USSA final by 39-48. The star of the Proteas is too old to play for the UFS again, and is now helping out as defence coach. Karla and Lauren-Lee Christians, who won’t be playing in the USSA tournament, were included in the South African Universities Netball team that will compete in the World Student Games in Miami, America, from 13 to 17 July 2016.

The Kovsie Netball team is one of seven UFS sports teams competing in USSA tournaments. The others are hockey (men and women), rugby, badminton, basketball, squash, and volleyball.

Mostert sisters are both natural leaders

Like Karla, Tanya is a natural leader. She was captain of the Zwartkop High School team, as well as the Free State U19 and U21 teams. “It is amazing that two children from the same home are both leaders, even if there is naturally a difference in their leadership style,” says Burta de Kock, the Kovsie coach.
“For me as coach, it is also wonderful to know that they (Karla and Maryka Holtzhausen, Protea captain and Kovsie assistant coach) are prepared to plough back at this young age. They are also role models for the other players.”
According to De Kock, she has a strong USSA group and wants the UFS to perform better than in 2015.

The UFS teams taking part in the USSA tournaments from Monday 4 July 2016 are:

  • Netball (Cape Town)
  • Hockey (men and women, Johannesburg)
  • Rugby (East London)
  • Badminton (Stellenbosch)
  • Basketball (Johannesburg)
  • Squash (Stellenbosch)
  • Volleyball (Pretoria)

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