STRATEGIC PARTNERSHIP WITH THE RESERVE BANK

STRATEGIC PARTNERSHIP WITH THE RESERVE BANK

Deputy Governor of the South African Reserve Bank, Mr Daniel Mminele recently visited the School of Accounting, Economics and Finance to cultivate a mutually beneficial relationship between the academic community and the Reserve Bank. The purpose of the meeting was to discuss a strategic partnership between the School and the Bank in the areas of research, free flowing access to information and to encourage responsible community engagement. Mminele said that it is important for stakeholders to understand what drives the Banks policies and for academics to be part of the forums where these policies are discussed.

‘We want to interact with the academic community in a manner that will respond to research, lectures and projects that we could look at in partnership with academia. Students need to understand that the theoretical underpinning they are getting here is their ticket into the business world which makes creating this link so important,’ he said.

Dean of Accounting, Economics and Finance, Professor Anesh Singh welcomed the Reserve Banks initiative in engaging with the school, especially since improving research is a priority for the School.  ‘Producing quality research is one of our challenges as a School therefore access to information and data is an important area for interacting with the bank.’  Singh also proposed that a strategic partnership with the Reserve Bank could assist in generating third stream revenue for the School.

Academics in the School were given a platform to share their views and ideas on how this partnership could benefit teaching and learning. These views included:

 - Members of the Bank delivering guest lectures to students so that they can make a connection between theory and practice. 
 - The School facilitating members of the Bank to engage with the community through hosting events and scheduling visits to the Durban and Pietermaritzburg campuses. 
 - Academics and practitioners working together on research that will respond to unemployment, the labour market and economic policies and sharing new ideas and policies.

Mminele welcomed these views and assured the academics that his office would ensure that this mutually beneficial partnership is a success. Partnerships that address challenges within the University and unlock students’ academic potential are applauded and supported by the College of Law and Management Studies.


author email : jumo@ukzn.ac.za