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14 Mar 2016

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UCT needs to save R120m, cost cuts immediately

Kaveel Singh, News24

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(Picture: Supplied)

(Picture: Supplied)

Cape Town – The University of Cape Town needs to save R120m by 2018 - and will be taking strict budgetary measures to do so immediately.

Vice Chancellor Max Price made the announcement in a statement on Monday, saying "austerity measures will be implemented between now and 2018".

He said that the funding of higher education nationally had become a challenge.

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