South Africa’s universities are owed a collective R4.1 billion in debt, according to an article published in the Sunday Times.
The paper noted that out of 26 tertiary institutions, 15 are owed millions, with Tshwane university of Technology, which has 50,000 students, owed R866.1 million.
On Friday, president Jacob Zuma announced a zero percent fees increase for 2016, translating into as much as a R3 billion shortfall for universities across the country.
The national student financial aid scheme allocates R9.5 billion to 420,000 students, while R6 billion is owed by former students. 11 out of the 26 universities fund additional students at a cost of R765 million, according the Times.
- University of Johannesburg: R635 million
- University of the Witwatersrand: R323 million
- University of Limpopo: R304 million
- North West University: R296 million
- Durban University of Technology: R296 milllion
- University of KwaZulu Natal: R200 million
- University of the Western Cape: R170 million
- Stellenbosch University: R157 Million
- Sefako Makgatho Health Sciences University: R152.7 million
This article appeared in the Sunday Times for 25 October 2015