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09 October 2020 | Story Dr Nitha Ramnath
EMS graduation
Jan Johannes van Niekerk and Pierré Ludwig Koekemoer

This year, two proud recipients of the Dean’s Medal were honoured during the 2020 UFS Virtual Graduation Ceremony. Jan Johannes van Niekerk received the award for the best results in respect of a Bachelor’s Degree in the Faculty of Economic and Management Sciences (Bachelor of Accounting), and Pierré Ludwig Koekemoer was awarded the medal for the student who achieved the best results in respect of a Bachelor Honours Degree in the Faculty of Economic and Management Sciences (Bachelor of Commerce Honours with specialisation in Marketing).

Jan Johannes van Niekerk

Prior to commencing his studies at the UFS, Van Niekerk attended Fichardt Park High School in Bloemfontein.  Van Niekerk describes his time thus far as a student in the School of Accountancy as “nothing less than special”.  He adds that “… the support from the lecturers is really great … every lecturer has always tried to help me to the best of their ability!”

His favourite subject is Financial Accounting, and his Financial Accounting lecturers inspired him to follow in their footsteps; accordingly, he became a Financial Accounting tutor in his second and third years of study.  “As academic staff, we have come to know Johan as a pleasant and well-mannered, diligent, and hardworking student who pays attention to detail,” says Prof Frans Prinsloo, Director: School of Accountancy.

Johan is completing his BAcc Honours studies this year and will commence his training contract with Enslins Auditors in 2021 to qualify as a chartered accountant (SA).

Pierré Ludwig Koekemoer
“Pierré Koekemoer is one of the most decent young men I’ve met in years.  Hardworking, diligent, and one of the most respectful and responsible people I know,” says Prof Brownhilder Neneh, Associate Professor in the Department of Business Management.

Pierre Koekemoer was identified as the Best Honours Student for 2019 in the School of Accountancy, as well as the student with the best Honours script.  Koekemoer excelled during his Honours year, and successfully managed his responsibilities as student assistant/marker; he was also part of the City Lodge Marketing project that took place during the second semester.  

The General Manager of the Fairview Hotel in Nairobi, Kenia, offered Koekemoer a short internship at the beginning of 2020, as he was impressed with his performance.  Koekemoer could not accept the job, as he had obtained permanent employment and did not want to lose the position. “This also speaks of his integrity, as he had already committed to the company,” comments Prof Neneh.


News Archive

Deputy Governor of SA Reserve Bank inspires students
2016-08-19

Description: Deputy Governor of SA Reserve Bank  Tags: Deputy Governor of SA Reserve Bank

Dr Lyndon du Plessis, Head of Department of Public
Administration and Management, Francois Groepe,
Deputy Governor of the South African Reserve Bank,
Prof Philippe Burger, Head of the
Department of Economics and B.Com Hons student,
Mosoeu Mabote.

Photo: Siobhan Canavan

Students from the Faculty of Economic and Management Sciences had the opportunity to learn from the best in the field when the Deputy Governor of the South African Reserve Bank, Francois Groepe, presented a seminar on the changing roles of central banks.

According to Groepe, we are currently living in challenging times as central banks are called on to do more.

“Central banks have limits, and these limits are not always understood,” he said on 11 August 2016 in the Equitas Auditorium on the Bloemfontein Campus.

How central banks contribute to inflation

There are two main generally-expected roles from central banks: the obvious one of providing bank notes and coins, and the other, maintaining price stability.

According to Groepe, the aim of keeping prices stable is to ensure easier planning for the future, and to assist the poor.

“The poor are the ones more vulnerable to higher inflation because they hardly have enough to get by,” he said.

A negative impact on monetary policies could affect the economy negatively. This is as a result of higher inflation caused by the increase in food prices.

Furthermore, the 12% government debt renders a negative yield in the economy.

The stability of finances in South Africa


Financial stability is not an end in itself, but, like price stability, is generally regarded as an important precondition for sustainable economic growth, development, and employment creation.

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