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24 April 2024 | Story Anthony Mthembu | Photo Francois van Vuuren
Varsity Cup 2024
The FNB UFS Shimlas are the winners of the 2024 FNB Varsity Cup.

The FNB UFS Shimlas are the winners of the 2024 FNB Varsity Cup. This comes after a 45-42 victory over the FNB UCT Ikeys in the final, which took place on 21 April 2024 at Shimla Park. “It was one of the best matches I have been involved in as a coach; both teams played unbelievable rugby and we are just so pleased to get this great result,” said Andre Tredoux, Head Coach of the FNB UFS Shimlas.

The last time the Shimlas won the title was in 2015. As such, Tredoux indicates that the team is thankful to bring the trophy home. Prof Francis Petersen – Vice-Chancellor and Principal of the University of the Free State (UFS) – was also in attendance at the final.  In his congratulatory message, Prof Petersen described the match as a fantastic scene. “The team represented the University of the Free State; they represented one of our key values, which is excellence, but they also showed that sport – in this case rugby – has a social cohesion value,” he said.

The battle for the championship

Tredoux indicates that the match was a tough one, especially when the score stood at 14-0 and 31-19 against the Shimlas. He says the team had to dig deep to find its footing in the game again, considering that they were behind so early in the game. As such, he highlights, “It was a huge effort to get back into the game and keep playing as a team. We really focused on staying in the fight and being connected, as we knew Ikeys would tire in the later stage of the game.”

Subsequent to this monumental victory, he describes the team as having the ‘hearts of champions’ and credits their love and enthusiasm for the game as part of the reason for their success. In fact, one person who exemplifies this is the Shimla scrumhalf Jandre Nel, who was named the FNB Player that Rocks.

Furthermore, Tredoux thanks the UFS community for showing up in their numbers at the game. He also commends his team for working towards this victory, including “Inus Keyser, Mark Nichols, and Edith Maritz – our physiotherapist – for keeping the team healthy, as well as assistant coaches Melusi Mthethwa and Tiaan Liebenberg, and Jerry Laka, Director of Kovsie Sport at the UFS”.

Watch the highlights below:

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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