Stats SA has shared the data on where institutions of higher learning source their revenue, with government contributing 48 percent overall across the institutions nationwide.
Statistics South Africa (Stats SA) took to Twitter on Wednesday, 28 October 2020, to share an infographic on where higher education institutions source their revenue. The infographic revealed three sources of income, namely, government, tuition fees and other.
The data revealed that overall, government contributes an estimated 48 percent, however, the percentage differs for each institution. For instance, the institution revealed as the one to receive the most from the government is the University of Mpumalanga (UMP), which is said to obtain 87 percent of its revenue from the state. The University of Cape Town (UCT) receives the least revenue from the government at 34 percent.
This is expected to change in the coming academic year, considering the suggestion that higher learning budgets are set to be cut to raise funds for the bailout of South African Airways (SAA).
See the post below.
— Stats SA (@StatsSA) October 28, 2020