President Cyril Ramaphosa’s wide-ranging State of the Nation Address (SONA) agenda that confirms the tangible commitment of the Government of National Unity (GNU) to faster and higher job-rich growth is positive.

In commenting on the SONA, which was delivered on 7 February, Prof Raymond Parsons, economist of the NWU Business School, says the South African economy is indeed eventually capable of even much higher economic growth than 3% if the right choices are made.

Although it is still painful for business and consumers, the decision by the National Energy Regulator of South Africa (Nersa) to allow a much lower increase of 12,7% in Eskom tariffs, instead of the 36% previously sought by Eskom, is a significant outcome.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says Nersa has acknowledged the critical inputs it received last year from extensive public hearings on Eskom’s original massive application and its potential socio-economic impact.

The better news on the inflation front is gradually being translated into lower interest rates, thus modestly easing borrowing costs for businesses and consumers. At its latest meeting, the Monetary Policy Committee (MPC) again – by a four to two vote – cut interest rates by another 25 basis points (bps).

In commenting on the latest decision by the MPC to once more reduce the repo rate by 25 bps, Prof Raymond Parsons, economist from the NWU Business School, says it was widely expected.

He is back and South Africa’s economic welfare – like that of most other global economies – is not on his list of priorities. On Monday, 20 January, Donald Trump was inaugurated as the 47th president of the United States of America (USA) and wasted no time in making the same waves that were hallmarks of his first presidency.

He signed orders to remove the USA from the World Health Organization (WHO) and the Paris climate agreement. Trump has never shied away from his rhetoric of America first, second and third.

On Thursday, 28 November the North-West University (NWU) conferred an honorary doctorate on the renowned economist Prof Raymond Parsons.

The honorary doctorate was awarded in recognition of the exceptional contribution Prof Parsons has made to the country throughout his distinguished career as an organised business leader, academic, media personality, economic commentator and author. Among his many achievements is the groundbreaking work he has done on the development and refinement of the NWU Policy Uncertainty Index, the first of its kind in South Africa.

The first space biology article has been published in South Africa, marking an important advancement for African space science – and potentially for the world.

The article, based on a study of young earthworms exposed to various hypergravity conditions for eight days, was authored by researchers at the North-West University (NWU). For earthworms to reach space, they have to withstand hypergravity during launch and decelerations.

In the final part of our series of articles celebrating Tourism Month, we again look at the phenomenal work the North-West University’s (NWU’s) research unit Tourism Research in Economics, Environs and Society (TREES) is doing to infuse the tourism sector with its expertise, to make the sector visible and to protect our tourism heritage. This is why tourism matters.

South Africa’s place on the global tourism stage: A competitive destination

The widely expected pivot for the Monetary Policy Committee (MPC) to now commence its interest rate cutting cycle by a modest 25 basis points (bps) is good news for business and consumers.

In commenting on the decision by the South African Reserve Bank (SARB) on 19 September Prof Raymond Parsons, economist from the Business school of the North-West University (NWU), says that, although the decision remains marginal in terms of present high borrowing costs, it nonetheless represents a positive turning point in the interest rate outlook.

The principal and vice-chancellor of the North-West University (NWU) – and internationally renowned nuclear energy expert – Prof Bismark Tyobeka, has lauded the Department of Mineral Resources and Energy’s (DMRE) proposed recommendation to Cabinet that three possible ownership models to acquire and fund more nuclear projects in SA under the Nuclear New Build Programme (NNBP) be considered.

Whether they are historically true or fictional, texts are not only informative, but are drivers of ideological change for their target audience, compelling their readers to adopt new behaviours such as morals and good ethical conduct.

Shedding light on these texts at the North-West University (NWU) is Prof Risimati Hobyane, a senior lecturer in Greek and New Testament studies from the School of Ancient Languages and Text Studies at the Faculty of Theology.