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21 April 2022 | Story NONSINDISO QWABE | Photo Supplied
Lerato Mbongo and Opheleleyo
Double belted! Opheleleyo Qwabe and Lerato Mbongo revel in the moment.

Their friendship began in high school, where they were constantly told by teachers that they would not make it to university, but these best friends never gave up. On Thursday 21 April 2022, they received their honours degrees in the Faculty of Natural and Agricultural Sciences together during the afternoon ceremony of the University of the Free State’s April Graduations.

Lerato Mbongo and Opheleleyo Qwabe, who have been friends since Grade 9, said being picked on in class for not being the brightest learners brought them together and motivated them to work harder.Mbongo obtained a Bachelor of Agriculture Honours majoring in Wildlife Management, and Qwabe received a Bachelor of Agriculture Honours majoring in Agricultural Economics.

“We’ve always dreamed big, but if you had told us back then that we would one day be two-time graduates, we wouldn’t have believed it. During one of our Maths lessons back in Grade 9, our teacher went around asking the ‘smarter’ kids what they wanted to study after matric, but when he got to us, he said there was no point in asking because we wouldn’t make it that far anyway,” Qwabe said.

The friends, who both started at the university’s South Campus, said they were grateful for the UFS Preparation Programme, as it boosted both their marks and their confidence. “The programme helped us to believe in ourselves again, and also played a big role in helping us discover what we wanted to study. The courses we enrolled in really unlocked an unstoppable passion in us and helped us realise that nothing is impossible. Today, here we are celebrating 10 years of friendship, and our honours degrees. We’ve conquered once again, and we're sharing our victories together,” Mbongo said.

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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