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05 April 2022 | Story Lacea Loader
Qwaqwa Campus

The preliminary finding of the urgent investigation into the fire on the Qwaqwa Campus of the University of the Free State (UFS) on the evening of Monday 4 April 2022, indicates that the two buildings were intentionally set alight. This was established by the South African Police Service (SAPS) and the university’s Protection Services this morning.

Since the outbreak of the fire, one person – who is a registered student – has been arrested by SAPS, and a process is underway to identify more suspects. The UFS will institute the necessary disciplinary action against suspects who are registered students. Similarly, criminal charges will also be instituted.

The buildings, which housed the clinic and a computer laboratory, were almost completely destroyed, with damage to both buildings estimated at R35 million.

The university management condemns the destructive behaviour of the students and condemns criminal behaviour such as this in the strongest terms. “The Qwaqwa Campus, as well as the entire university community, are shocked by this devastating and irresponsible act – especially after the campus experienced violent protest action this year, which significantly affected the academic programme,” said Prof Francis Petersen, Rector and Vice-Chancellor of the UFS.

The academic programme on the Qwaqwa Campus continues, mostly online for this week, and students will be informed by their faculties about the revised schedule, as well as arrangements regarding tests and assessments scheduled for this week on the campus.

The campus remains open; the university's Protection Services is on high alert and is monitoring the situation on campus closely.

It is alleged that students were unhappy about the payment of allowances they are due to receive from the National Student Financial Aid Scheme (NSFAS) in April 2022. To alleviate this, the UFS has so far this year offered students allowances for food and books amounting to more than R71 million, while they are waiting for their NSFAS subsidies to be released. 


Released by:
Lacea Loader (Director: Communication and Marketing)
Telephone: +27 51 401 2584 | +27 83 645 2454
Email: news@ufs.ac.za | loaderl@ufs.ac.za


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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