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19 July 2024 | Story Lunga Luthuli | Photo Sonja Dlamini and Nokuthula Tshabalala
Kovsie Model United Nations 2024
Delegates at the 2024 Kovsies Model United Nations Summit engage in UN simulations, fostering international understanding and innovative problem-solving at the University of the Free State.

The University of the Free State (UFS) recently hosted the third annual Kovsies Model United Nations (KMUN) Summit, attracting delegates from universities and TVET colleges across South Africa.

This year's event, themed 'Building Sustainable Bridges for the World We Want', took place from 12 to 14 July 2024 and offered students the chance to engage in United Nations (UN) simulations to develop a deeper understanding of international affairs and innovative problem-solving. These UN simulations included the General Assembly, the Economic and Social Council, the Security Council, the UN Human Rights Council, and UNESCO.

Unique African solutions

The summit's keynote address was delivered by Deputy Minister of Higher Education and Training Buti Manamela. He stressed the importance of addressing global challenges in an African context, highlighting the role of youth in achieving the Sustainable Development Goals (SDGs), and why education lies at the heart of making this possible.

Manamela noted that the African Union (AU) had declared 2024 ‘The Year of Education’, emphasising the need for resilient and education systems that equip African youth with skills and knowledge for the modern world.

"Our problems in Africa are not different from the rest of the world; however, the solutions that are required must respond to the material conditions and the historical realities of our continent," he said.

Localise development goals

Dibolelo Mance, Free State MEC for Public Works and Infrastructure, also addressed the summit, urging youth to use the SDGs as an impetus to enhance their own communities and participate in global movements.

She highlighted local initiatives aimed at empowering young people to take active roles in their communities, using the SDGs as a development framework.

Policy partnership key for change

Dr Kevin Naidoo, Deputy Director-General of Policy, Governance, and Administration in the Department of Cooperative Governance and Traditional Affairs, stressed the role of youth as policy partners in implementing the UN SDGs and the AU’s Agenda 2063. He encouraged delegates to inspire change and actively participate in policymaking processes, advocating for a more inclusive and participatory approach to governance.

The KMUN Summit gave young leaders a platform to engage in meaningful discussions and develop critical skills. The event reaffirmed the importance of youth leadership in global affairs, highlighting their crucial role in shaping a better future.

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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