Treasury reviewing Zuma's free higher education proposal

Treasury reviewing Zuma's free higher education proposal

President Jacob Zuma has announced that government will subsidise free higher education for poor and working class students.

"The proposal will also be considered by the ministers' committee on the budget (MinComBud) and the presidential fiscal committee".

♦Poor first year students at South African universities would be fully supported through government grants not loans.

Zuma made the announcement after he released the report of the Commission of Inquiry into the feasibility of making higher education and training fee-free in South Africa in November.

This comes after Zuma announced in a statement that the new definition for poor and working-class students is now a combined annual income of up to R350000.

Wits' Adam Habib said vice-chancellor met with the Department of Higher Education and training (DHET) to discuss 2018 fee increases for poor households but they did not discuss free education.


These loans would be guaranteed by the government.

♦ Households earning less than R350 000 a year will get free tertiary education.

"All poor and working class South African students enrolled at public TVET colleges will be funded through grants not loans".

"For TVET colleges‚ full cost of study will include tuition fee‚ prescribed study material‚ meals‚ accommodation‚ and/or transport".

Sizwe Nxasana, the chairman of the National Student Financial Aid Scheme (NSFAS), confirmed during a Talk Radio 702 interview this morning that his organisation does not have information on how free education will be funded.

Related News:

  • Hershey Co (HSY) Will Buy Amplify Snack Brands For About $1.6 Billion

    Hershey Co (HSY) Will Buy Amplify Snack Brands For About $1.6 Billion

    The company expects SkinnyPop, Amplify's most visible product, will prove an especially profitable piece of the acquisition. Hershey is paying $1.6 billion for Amplify, which was founded in 2014 and had revenue in 2016 of about $271 million.
    Mourinho confirms Bailly will have ankle surgery

    Mourinho confirms Bailly will have ankle surgery

    The Ivory Coast worldwide has been missing from United's starting XI since the 1-0 defeat at Chelsea and will require surgery. This would put him in contention to be fit for United's Champions League last 16 first leg against Sevilla.

    Oreilly Sells 70000 Shares of O'Reilly Automotive Inc (NASDAQ:ORLY) Stock

    Currently, 79.11 million total shares are owned by the public and among those 65.77 million shares have been available to trade. Following the transaction, the senior vice president now directly owns 4,959 shares in the company, valued at $1,179,448.56.
  • Cisco Systems, Inc. (CSCO)

    Among 38 analysts covering Viacom Inc. (NASDAQ: CSCO ) earned "Outperform" rating by Raymond James on Friday, September 23. The Capital Investment Counsel Inc holds 179,681 shares with $5.62 million value, up from 123,881 last quarter.

    Celgene (CELG) Given a $166.00 Price Target by Oppenheimer Analysts

    Also, it has an estimated price-earnings (P/E) multiple of 12.52 and a trailing 12-month price-earnings (P/E) multiple of 25.77. Celgene Corporation comprises 3.1% of Rothschild Capital Partners LLC's holdings, making the stock its 14th largest position.

    TD Ameritrade Holding Corporation (AMTD) Analysts See $0.48 EPS

    ET AL acquired a new stake in TD Ameritrade in the 3rd quarter worth approximately $203,000. (NASDAQ:AVEO) for 10,000 shares. Bridges Investment Management Inc bought 7,070 shares as the company's stock declined 2.46% while stock markets rallied.
  • Huawei Enjoy 7S With 5.65-Inch 18:9 Display Launched: Price, Specifications

    Huawei Enjoy 7S With 5.65-Inch 18:9 Display Launched: Price, Specifications

    Talking about the new smartphone Huawei Enjoy 7s adopts the full-screen design and comes with some interesting mid-range features. Connectivity options include 4G VoLTE, WiFi 802.11 b/g/n, Bluetooth 4.2, Global Positioning System and GLONASS.

    Stock Showing Surging Activity: Discovery Communications, Inc. (NASDAQ:DISCA)

    Bb&T Corp holds 0.12% of its portfolio in Discovery Communications, Inc . (NASDAQ: DISCA ). 965,000 were accumulated by Markel. When we look at the Volatility of the company, Week Volatility is at 1.32% whereas Month Volatility is at 1.83%.
    Justin Bieber Gives Selena Gomez a SURPRISE Early Christmas Present!

    Justin Bieber Gives Selena Gomez a SURPRISE Early Christmas Present!

    A source also told TMZ that Justin and Selena did not have any alcohol on their date night. "Selena and Justin are doing great". When asked at the Billboard's Women in Music event of the year about her current beau, Selena very tactfully answered, "I'm 25".
  • What Are Analysts Suggestions On Rite Aid Corporation (RAD)

    It increased, as 14 investors sold Agenus Inc. shares while 26 reduced holdings. 26 funds opened positions while 34 raised stakes. The firm owned 63,142,717 shares of the company's stock after buying an additional 785,165 shares during the period.

    Western Digital Corporation (NASDAQ:WDC) Undervalued by 29.5%

    The Profit Margin for Western Digital Corporation NASDAQ WDC is now valued at 7.40% with a weekly performance figure of 0.18%. The long term debt/equity forWestern Digital Corporation (NASDAQ:WDC) shows a value of 1.07 with a total debt/equity of 1.09.

    Elizabeth Park Capital Advisors LTD Holds Position in Huntington Bancshares INC (HBAN)

    The firm has "Buy" rating by Jefferies given on Monday, April 3. (NASDAQ:PBYI) on Wednesday, September 21 to "Buy" rating. Analysts believe that the company has the potential to earn average revenue of $1.11 Billion for the current quarter.


Most liked

Defensive Coordinator Jim Leavitt to Stay at Oregon Through 2021 Season
The Ducks were 46th nationally in yards allowed per game, with 369.2 after ranking 126th the year before (518.4 yards per game). He was an assistant under Bill Snyder at Kansas State from 1990-1995 before a 13-year stint as the head coach at South Florida.

WEATHER WARNING: Foggy conditions this morning across Co Leitrim
The organisation said a yellow warning of fog will come into effect at 8pm tonight and last until midday tomorrow. Tomorrow will be dry and tiresome with clouds clearing in the afternoon to make room for some bright spells.

Z Gives Cancer Survivor a Hug During His '4:44′ Show
Fortunately for her, Jay granted both of her wishes, pulling her in for a hug and even posing for a few flicks. Attendees took to recording and posting videos of the heartfelt moment to their social media accounts.

KeyBanc Keeps Its "Hold" Rating on Nvidia (NASDAQ:NVDA) Shares Today
HUANG JEN HSUN sold $18.27 million worth of stock or 110,000 shares. 4,902 were accumulated by Meeder Asset Mgmt. (NYSE:MED). According to their observations and findings, the stock could provide a high EPS of $1.22/share and a low EPS of $1.1/share.

Electron Capital Partners LLC Boosted Exelon Corp (EXC) Holding by $11.15 Million
Finally, BidaskClub raised Exelon from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded Exelon from a sell rating to a hold rating in a research report on Friday, October 20th.

The Ford Motor Company (NYSE:F) Stake Maintained by Pettee Investors Inc
The auto manufacturer reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.10. The institutional investor owned 68,006 shares of the auto manufacturer's stock after selling 2,854 shares during the period.

Were Analysts Bullish Colgate-Palmolive Company (NYSE:CL) This Week?
After $0.73 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 2.74% EPS growth. The stock of Sensata Technologies Holding N.V. (NYSE:ST) has "Outperform" rating given on Thursday, February 4 by Oppenheimer.

Tillerson: North Korea 'must earn its way back' to negotiations
Ambassador Ja Song Nam said his country would not pose a threat to any state, as long as its interests were not infringed upon. The White House however said there was no change in US policy and Tillerson did not repeat the offer at the council meeting.

Brokers Opinions on: Exxon Mobil Corporation (NYSE:XOM)
Wedge Capital Management L Limited Partnership Nc has invested 0.13% of its portfolio in Exxon Mobil Corporation (NYSE: XOM ). Folger Nolan Fleming Douglas Capital Management Inc sold 55,161 shares as the company's stock rose 0.21% with the market.

Apollo Global Management LLC (APO) Receives $33.25 Average PT from Brokerages
Penserra Capital Management LLC boosted its position in shares of Apollo Global Management by 10.0% during the second quarter. Beck Capital Management Llc increased Apollo Global Management Llc (APO) stake by 11.3% reported in 2017Q2 SEC filing.

Analysts Ratings on: Banco Bradesco SA (NYSE:BBD)
According to analysts Banco Bradesco Sa (NYSE: BBD)'s minimum EPS for the current quarter is at $0.21 and can go high up to $0.26. It fall, as 88 investors sold APA shares while 243 reduced holdings. 110 funds opened positions while 494 raised stakes.

First 'Ocean's 8′ Trailer Teaser Reveals a New Team of Thieves
The teaser arrived four days after Warner Bros . unveiled the movie poster with the tagline: 'Every con has its pros'. The only downside to all of this is that we still have to wait until June 8th of next year until the film premieres.

United Parcel Service, Inc. (UPS) Shares Sold by Community Bank NA
Its up 0.09, from 1.05 in 2017Q1. (UPS) has 0 billion shares outstanding now , 68.89% of which belong to institutional investors. Canada Pension Plan Investment Board's holdings in United Parcel Service were worth $9,645,000 as of its most recent SEC filing.

Google kills off 3D depth mapping project Tango
In the announcement Tweet Google noted that it will continue its augmented reality journey with its ARCore technology in future. One would have barely thought of Google's Tango Project running into a deadlock had it been a couple of years back.

JetBlue Airways (JBLU) Board Approves Stock Repurchase Plan
They expect this year's earnings to fall -20.72% year-over-year to $1.76, followed by 5.68% growth in the next year to $1.86. Folger Nolan Fleming Douglas Mngmt Inc stated it has 0.12% of its portfolio in Bank of America Corporation (NYSE:BAC).