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18 July 2024 | Story VALENTINO NDABA | Photo SUPPLIED
Nelson Mandela Month 2024
Celebrating #UFSMandelaMonth2024: Building a brighter future through community and care.

Mandela Month at the University of the Free State (UFS) is a time to honour Nelson Mandela's legacy through reflection, action, and community engagement. Guided by Vision 130, UFS aims to make a profound societal impact by fostering sustainable relationships and supporting societal development.

Community Engagement Indaba

As South Africa celebrates Mandela Month, the Directorate of Community Engagement hosted the Community Engagement Indaba at the Bloemfontein Campus from 10-11 July 2024. This year's theme was “Building Self-reliance, Self-sufficiency, and Self-sustainable Livelihoods for Entrepreneurship”. 

The Indaba was a vibrant platform for staff, students, and community members to exchange knowledge and skills on how to implement the objectives of our Engaged Scholarship strategy and policy.

This was an opportunity to engage in education, training, and networking with experts from various disciplines. Topics of discussion included:

• Self-sufficiency, self-reliance, and self-sustainable living
• Contextualising curriculum to respond to societal impact
• Entrepreneurship
• Personal development and transformation
• Subsistence farming
• Growing and manufacturing of cannabis products
• Nutrition and health, food security

Helping future educators dress for success

Mandela said: “Education is the most powerful weapon you can use to change the world.” This Mandela Month, the Teaching Practice Directorate supported fourth-year and Postgraduate Certificate in Education (PGCE) students who lack professional clothes for their teaching practice, impacting their confidence and hampering their first impressions.

The Faculty of Education of the Qwaqwa Campus is conducted a donation drive for formal clothing and workwear to help our UFS-produced aspiring educators enter the world of work with enthusiasm and confidence.

Soup kitchen at HCYCC

On Mandela Day, the Faculty of Theology set up a soup kitchen at the Heidedal Children and Youth Care Centre. This event is an initiative aimed at providing nutritious meals to children and youth, fostering community engagement.

It’s in your hands: Food Environment Programme

The ongoing Food Environment Programme tackles student food insecurity, aiming to create a healthy food environment. Says Annelize Visagie from the Food Environment Office: “The Food Environment Programme is designed to address the many dimensions of the food environment; assisting students who suffer from food insecurity and hunger is part of the overall programme. The University of the Free State has previously identified student food insecurity and hunger as a significant problem, with as many as 59% of students identified as not knowing where their next meal will come from. In addition, they have recognised that food insecurity has added stress to students’ lives which has a negative impact on their studies.”

The programmme includes the following initiatives:

No Student Hungry Programme: Provides one balanced meal per day.
• Food Parcel Programme: Distributes food parcels with non-perishable items.
• Community Gardens: Enhances campus food security in collaboration with Kovsie ACT and the Centre for Sustainable Agriculture.

Eat&Succeed: Provides valuable insights, practical tips on making affordable and nutritious meals.

Click to view documentClick on the email to donate to these initiatives or call +27 51 401 3258.

Join us in making a difference and showing our commitment to care as we celebrate Mandela Month by at the UFS. Together, we can honour Nelson Mandela’s legacy of service and societal development. Every Day is Mandela Day at UFS.

News Archive

Inaugural lecture: Prof. Phillipe Burger
2007-11-26

 

Attending the lecture were, from the left: Prof. Tienie Crous (Dean of the Faculty of Economic and Management Sciences at the UFS), Prof. Phillipe Burger (Departmental Chairperson of the Department of Economics at the UFS), and Prof. Frederick Fourie (Rector and Vice-Chancellor of the UFS).
Photo: Stephen Collet

 
A summary of an inaugural lecture presented by Prof. Phillipe Burger on the topic: “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

South African business cycle shows reduction in volatility

Better monetary policy and improvements in the financial sector that place less liquidity constraints on individuals is one of the main reasons for the reduction in the volatility of the South African economy. The improvement in access to the financial sector also enables individuals to manage their debt better.

These are some of the findings in an analysis on the volatility of the South African business cycle done by Prof. Philippe Burger, Departmental Chairperson of the University of the Free State’s (UFS) Department of Economics.

Prof. Burger delivered his inaugural lecture last night (22 November 2007) on the Main Campus in Bloemfontein on the topic “The ups and downs of the South African Economy: Rough seas or smooth sailing?”

In his lecture, Prof. Burger emphasised a few key aspects of the South African business cycle and indicated how it changed during the periods 1960-1976, 1976-1994 en 1994-2006.

With the Gross Domestic Product (GDP) as an indicator of the business cycle, the analysis identified the variables that showed the highest correlation with the GDP. During the periods 1976-1994 and 1994-2006, these included durable consumption, manufacturing investment, private sector investment, as well as investment in machinery and non-residential buildings. Other variables that also show a high correlation with the GDP are imports, non-durable consumption, investment in the financial services sector, investment by general government, as well as investment in residential buildings.

Prof. Burger’s analysis also shows that changes in durable consumption, investment in the manufacturing sector, investment in the private sector, as well as investment in non-residential buildings preceded changes in the GDP. If changes in a variable such as durable consumption precede changes in the GDP, it is an indication that durable consumption is one of the drivers of the business cycle. The up or down swing of durable consumption may, in other words, just as well contribute to an up or down swing in the business cycle.

A surprising finding of the analysis is the particularly strong role durable consumption has played in the business cycle since 1994. This finding is especially surprising due to the fact that durable consumption only constitutes about 12% of the total household consumption.

A further surprising finding is the particularly small role exports have been playing since 1960 as a driver of the business cycle. In South Africa it is still generally accepted that exports are one of the most important drivers of the business cycle. It is generally accepted that, should the business cycles of South Africa’s most important trade partners show an upward phase; these partners will purchase more from South Africa. This increase in exports will contribute to the South African economy moving upward. Prof. Burger’s analyses shows, however, that exports have generally never fulfil this role.

Over and above the identification of the drivers of the South African business cycle, Prof. Burger’s analysis also investigated the volatility of the business cycle.

When the periods 1976-1994 and 1994-2006 are compared, the analysis shows that the volatility of the business cycle has reduced since 1994 with more than half. The reduction in volatility can be traced to the reduction in the volatility of household consumption (especially durables and services), as well as a reduction in the volatility of investment in machinery, non-residential buildings and transport equipment. The last three coincide with the general reduction in the volatility of investment in the manufacturing sector. Investment in sectors such as electricity and transport (not to be confused with investment in transport equipment by various sectors) which are strongly dominated by the government, did not contribute to the decrease in volatility.

In his analysis, Prof. Burger supplies reasons for the reduction in volatility. One of the explanations is the reduction in the shocks affecting the economy – especially in the South African context. Another explanation is the application of an improved monetary policy by the South African Reserve Bank since the mid 1990’s. A third explanation is the better access to liquidity and credit since the mid 1990’s, which enables the better management of household finance and the absorption of financial shocks.

A further reason which contributed to the reduction in volatility in countries such as the United States of America’s business cycle is better inventory management. While the volatility of inventory in South Africa has also reduced there is, according to Prof. Burger, little proof that better inventory management contributed to the reduction in volatility of the GDP.

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