On Tuesday evening a new colleague at the Mafikeng campus delivered his inaugural lecture as full Professor in the School of Economic and Decision Sciences. Prof Hinuanye Eita is formerly from Monash South Africa. In his lecture he asked: Is SADC an optimal currency area?
Prof Blaauw and Mrs Pretorius attended the lecture and enjoyed their first visit to our sister campus. They want to give a big word of thanks to colleagues from the faculty, the School and Marketing at the Mafikeng campus for the warm welcome that they received.
Today Prof Raymond Parsons is speaking at the SA-German Chamber of Commerce and Industry on the topic:
RECESSION, RECOVERY AND REFORM IN THE SA ECONOMY
Prof Raymond Parsons
‘In the fast-growing economies, policymakers understood that successful development entails a decade-long commitment, and a fundamental bargain between the present and the future. Even at very high growth rates of 7%-10% it takes decades for a country to make the leap from low to relative high incomes….this bargain will only be accepted if the country’s policymakers communicate a credible vision of the future and a strategy for getting there. They must be trusted as stewards of the economy and their promises of the future must be believed’- The Growth Report, May 2008
May I begin by thanking you for the opportunity of addressing the Chamber today and sharing some thoughts with you on the interlinked subjects of recession, recovery and reform in the SA economy. As businesspeople interested in SA’s economic outlook it remains essential that you track and monitor the trends in the economy which influence your strategic business decisions in this country. You are an important foreign business constituency within the broader business community, and you have a significant stake in key sectors of this country’s economy.
About 600 German enterprises have started operations in SA and employ nearly 100,000 workers. You will therefore be aware of the extent to which the SA economy has been increasingly under the spotlight in recent months, against the background of both short and long term factors of significance to SA’s economic performance. Regular, even daily, assessments of economic trends in SA are available and what is important here today is to stand back and try to form a balanced perspective about the welter of data that are currently available on the economic and business outlook. More…
When last did you knit a scarf, or crochet a beautiful hat? If you have ever tried your hand at crafts such as these, you will know that (as I recently discovered after a horrifically failed attempt at crocheting) they are no mean feats.
The women of the Holding Hands project just outside of Potchefstroom perform these crafts daily, and with flair. We had the pleasure of hosting these ladies to a tea on Friday, 18 July in honour of Madiba Day.
Though we hope that the occasion provided some welcome rest to these hard-working ladies, it is the School of Economics that actually was treated. What a privilege to share a cup of tea with a group as dynamic as this. Ranging in ages from 23 to in the sixties, these women form part of the Holding Hands project which aims to develop skills in the local community so that people can find gainful employment.
For these women, their handiness with a needle and thread provides that opportunity. Sophie wore an example of such handiwork; a hat that she had knitted herself. We also got to know elegant Dorkas, who spoke with pride about her son who is currently in high school. Maria, Dora, Julie and Sara are also some of the people we got to know. It was wonderful to meet all of the ladies who attended, and we look forward to working more closely with Holding Hands in future.
If you are interested in finding out more about Holding Hands, visit this website.
The start of the new semester is approaching fast and before everyone goes back to lecture prep and setting tests and quizzes we want to post a round-up of the School’s research outputs and the first semester’s research posts. Our research posts included:
- An Evaluation of the African Union as an International Organisation, by Dr. H. Bezuidenhout & Prof. E.P.J. Kleynhans
- A comparative assessment of the economic benefits of shale gas extraction in the Karoo, South Africa, by Requier Wait and Riaan Rossouw
- Policy and casual work: insights from the men by the side of the road, by Derick Blaauw & Waldo Krugell
- Comparing the South African stock market’s response to two periods of distinct instability – the 1997-98 East Asian and Russian crisis and the recent global financial crisis, by Anmar Pretorius and Jesse de Beer
- Hedge fund performance evaluation using the Sharpe and Omega ratio’s, by Francois van Dyk, Gary van Vuuren and Andre Heymans
- Timing a hedge decision: The development of a composite technical indicator for white maize, by Susari Geldenhuys, Frans Dreyer & Chris van Heerden
- The Effect of BEE on the Profitability and Competitiveness of Firms on Micro-Level in South Africa, by Me. M. Kruger & Prof. E.P.J. Kleynhans
For a complete list of our outputs in academic journals have a look at the list: Research round up June 2014.