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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

Freedom of religion, a constitutional right and area of global concern
2017-01-17

 Description: Prof Shaun de Freitas Tags: Prof Shaun de Freitas

Prof Shaun de Freitas
Photo: Mamosa Makaya





Freedom of religion is enshrined in the South African Constitution, states that everyone has the right to freedom of religion, which more specifically entails the freedom of conscience, religion, thought, belief and opinion. It makes provision for the protection of religious communities in South Africa. Consequently, the maintenance and protection of such a right is of fundamental importance.

Prof Shaun de Freitas, Associate Professor of Law at the University of the Free State (UFS) specialises in constitutional law, with a specific focus on the right to freedom of religion, and has produced several publications in the field. The latest is titled “Transcending the Private-Public School Divide in the Context of the Right to Freedom of Religion in South Africa”, Chapter 19, in Religious Freedom and Religious Pluralism in Africa – Prospects and Limitations published by Stellenbosch University in 2016.

Prejudice a challenge in all societies
There are numerous challenges faced by religious groups around the world concerning prejudice, association with terrorism and political power and influence. Therefore, research in this field becomes important in helping to uphold the rights and freedoms of religious minority groups, to be able to foster understanding between communities.

Balancing responsibility and religious rights
His current focus is on challenges that have arisen in South Africa, more specifically pertaining to the right of medical practitioners to object conscientiously towards participating in certain medical procedures, the parameters of freedom related to religious associations and the inclusion of religious expression in public schools. These matters are also relevant to many other parts of the world (including, ironically enough, those democratic societies that endeavour to make diversity flourish).

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