Finally – How government plans to fund free education

A month after university registrations opened, Treasury has finally answered the big question regarding how government will fund free higher education – as expected it comes with significant cuts in government expenditure, writes Tebogo Tshwane for the Mail & Guardian.

In his maiden budget speech Finance Minister Malusi Gigaba announced that an additional ZAR57 billion (US$4.9 billion) over the next three years had been allocated to fund free higher education for students who come from poor or working-class families with a combined income of ZAR350,000 (US$30,000). This is on top of the ZAR10 billion which was provisionally allocated in the 2017 budget.

Allocations for fully subsidised higher education and training for poor and working-class students amount to ZAR12.4 billion in 2018, ZAR20.3 billion in 2019 and ZAR24.3 billion in 2020. But the policy does not come without costs. Cuts in existing government spending have been made across the board from national to local level.
Full report on the Mail & Guardian site