No fees to cost fiscus R250bn over three years

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Cape Town – South Africa’s higher education institutions received an income of over R63bn from operating activities in the financial year ended December 31 2015, Statistician General Pali Lehohla announced on Tuesday.

During a media briefing hosted at Parliament, Lehohla presented a report on the financial statistics of universities. Universities’ income was R4.9bn higher than in the previous financial year. “The increase in income was largely due to increases in 'other receipts' - including tuition fees - and grants received from the Department of Higher Education,” Lehohla said.

Income

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