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22 July 2021 | Story Ruan Bruwer | Photo Roger Sedres
Can Wayde van Niekerk repeat his amazing feat from the 2016 Olympics – now five years later – at the next Games?

It is a year later, but the Tokyo 2020 Olympics finally started on Friday, 23 July 2021. In team South Africa, a couple of the athletes and management, many of them medal contenders, call themselves Kovsies.

From 1 August, the progress of the country’s golden boy, Wayde van Niekerk, will be closely followed when he tries to hold on to the title as Olympic 400 m champion – he is still the world record holder (set at the 2016 Games). The final of the 400 m is scheduled for 5 August.

One of only five female athletes in the South African team, Gerda Steyn will compete in the marathon on 7 August. This is her first time at the Olympics. 

She is in red-hot form. In April, she broke a 25-year record in Italy when she ran the fastest-ever marathon by a South African woman, finishing in 2:25:28. She is the defending Comrades and Two Oceans champ.

Protea hockey player, Nicole Erasmus, will become a fourth-generation Olympic contender in her family. Her mother, Lynne Walraven (née Tasker) was a Zimbabwean swimmer, her great-uncle, Anthony Tasker, was a member of the South African rowing team, and her great-great-uncle, Frank Rushton, was a South African hurdles athlete. 

From 26 to 28 July, the South African sevens rugby team, with former Shimlas Chris Dry as a team member and Neil Powell as head coach, will aim to improve on their bronze medal achieved in 2016. Powell was also the head coach at the time, and another former Kovsie, Philip Snyman, captained the Blitzboks.

Kate Murray (formerly Roberts), head coach and high-performance manager of Triathlon South Africa, will act as the SA triathlon coach. She is a double Olympic participant, having raced for South Africa at the 2008 and 2012 Olympic Games.

 


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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