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23 April 2021 | Story Dikgapane Makhetha | Photo Supplied
Engaged citizenship towards enabling and training
UFS Department of Community Engagement presents three-day workshop to empower local and individual entrepreneurs in Qwaqwa.

Since the first democratic elections in 1994, South Africa has been commemorating its freedom during the month of April. This year, the theme of ‘Mobilising Society Towards Consolidating Democracy and Freedom’, encourages institutions and citizens to collaborate in creating a better life for all. Development and training are significant means of building strong and prosperous communities. Engaged Scholarship (ES) is responsible for aiding the identification of interventions in relation to the University of the Free State’s (UFS) institutional values and culture. As the integral element of ES, engaged citizenship (EC) creates an enabling approach through engagement and citizenship programmes.

To this end, a three-day (7-9 April 2021) Community Development Empowerment Training workshop was held for local and individual entrepreneurs in Qwaqwa. This was aimed at supporting endeavours to mobilise self-employment, with anticipated economic freedom. A collaboration between the UFS CE, the Qwaqwa Campus Department of Community Development, the Agape Foundation for Community Development, and Klein-Boy Trading Enterprise has identified with the Freedom Month call to encourage joint initiatives to build a strong and empowered nation.  
The first round of the three-day workshop entailed motivational and support seminars, skills empowerment sessions on writing a business plan, and training in upholstery and furniture making. On completion of the second round, about fifty attendants will be awarded certificates of attendance.

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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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