Financial statistics of higher education institutions 2015

"Higher education institutions depend mostly on government grants and tuitions fees for income, according to data from Stats SA’s latest Financial statistics of higher education institutions report. Of the R63 billion received as income by higher education institutions in 2015, 43% was sourced from government, 34% from tuition fees, 6% from donations and the remaining 17% from other sources, such as investments." Source: How important are student fees?

According to the Statistician-General, Pali Lehohla: “We’re spending money on students that do not succeed and that’s what making the system more expensive.” "Statistician-General Pali Lehohla says South African universities service nearly one million students, which is a significant burden because the figure should be closer to about 600 000."