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09 September 2020 | Story Lacea Loader

 


The South African Economy: 'Post-COVID-19, Post-Crisis'


As a public higher-education institution in South Africa with a responsibility to contribute to public discourse, the University of the Free State (UFS) will be presenting the 3rd UFS Thought-Leader Series as part of the Vrystaat Literature Festival’s online initiative, VrySpraak-digitaal and in collaboration with Vrye Weekblad


This year, higher-education institutions globally are situated within a challenging context of COVID-19. Aware of, and grounded in the reality that the world will not return to the normality of pre-COVID-19, our responsibility as scholars still remains to contribute to public discourse and offer innovative solutions that will impact the lives of people nationally and globally to help them understand and adapt to a new world order. 

Against this background and context, this year’s debates focus on Post-COVID-19, Post-Crisis with Health and Modelling, the Economy, Politics and Predictions for 2021 as the sub-themes. Placed within a COVID-19 context, and in lieu of the Free State Arts Festival, the series will be presented virtually, in the form of one webinar per month, from August 2020 to November 2020. 

Second webinar presented on 23 September 2020

The South African economy was already in the doldrums before the COVID-19 crisis. Recent data from the NIDS-CRAM study suggests that as many as 3 million people might have lost their jobs as a result of the lockdown. In addition, the government's debt burden has deteriorated. What are the prospects for the South African economy post-COVID-19, post-Crisis?

 
Date: 23 September 2020
Topic: The South African Economy: Post-COVID-19, Post-Crisis
Time: 11:00-12:30

RSVP: Alicia Pienaar, pienaaran1@ufs.ac.za by 18 September 2020 

Facilitator:

Editor: Vrye Weekblad 
Biography

Introduction and welcome:

Rector and Vice-Chancellor, UFS

Panellists:

Chairperson: Old Mutual Limited
Biography

Ms Ann Bernstein
Executive Director, Centre for Development and Enterprise (CDE)

Editor-in-Chief of City Press
Biography

 


News Archive

UFS awards centenary bonuses to staff
2004-11-25

The University of the Free State (UFS) will award a special Centenary bonus of R3000 (three thousand rand) to all qualifying staff in December 2004 .

As far as general salary increases for 2005 are concerned, plus an inflation- based linked salary increase adjustment of 1,4 percent and a further 4,6 percent salary increase as a final dividend from the financial turn-around strategy that began in 2000, will be instituted .

  • The final percentage salary increase is dependent on whether the expected government subsidy, of which the UFS must still receive notification from the Department of Education, is received.
  • , if the expected government subsidy realizes .
  • In addition, the salaries of service workers in low remuneration groups, as well as full professors have been adjusted retroactively to 1 January 2004. This restructuring was agreed upon to address market-related backlogs for these two groups , who display the biggest backlog relative to comparable institutions . A similar professional bench-marking exercise for support service staff has not been finalised.

This agreement was signed on Wednesday 24 November 2004 between the UFS Council and the UVPERSU-NEHAWU Joint Forum regarding salary negotiations for 2005.

“With this Centenary bonus and the significant above-inflation salary increase payment the UFS wants to pay recogni se tion to the sterling role that staff

have played in a difficult period of transition and fast growth and the contributions that they made to promote excellence at the UFS to a

university of excellence,” said Prof Frederick Fourie, Rector and Vice-

Chancellor of the UFS.

He said that the extra payment of this final 4,6 percent increase due to benefit from the financial turn-around strategy means that in real terms average salaries at the UFS had increased over the past 3 to 4 years by well over more that the 15 percent target that was set initially.

According to Prof Fourie all staff members who were in the employ of the UFS on UFS conditions of service on 15 November 2004 and who assumed duties before 1 October 2004, will qualify for the bonus. The same criteria will apply as for the 2004 bonuses.

However, there are some exceptions who do not qualify for the bonus eg learning facilitators, professors extraordinary, affiliated lecturers, departmental assistants, laboratory assistants, student help, all staff appointed for less than 20 hours per week, persons who are paid on a claims basis etc.

“Although the UFS’s actual subsidy amount is not yet known, an increase of 6,6 % in the total remuneration costs was budgeted for in the budget serving before the Executive Management and Council. It was further agreed with the UVPERSU-NEHAWU Joint Forum that the first 6 % increase will be used as general pensionable salary adjustment with implementation date 1 January 2005,” said Prof Fourie.

According to Prof Fourie the agreement also applies to all staff members of the Qwaqwa and Vista campuses whose conditions of service are already aligned with those of the main campus.

Media release
Issued by: Lacea Loader
Media Representative
Tel: (051) 401-2584
Cell: 083 645 2454
E-mail: loaderl.stg@mail.uovs.ac.za
25 November 2004

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