The Department of Higher Education and Training is set on building two new universities in South Africa, with plans to get the projects underway in 2025.
The universities were first announced by president Cyril Ramaphosa in his 2020 State of the National Address, with phase 1 of the feasibility study launching soon thereafter. Phase 1 was completed in September 2022, the department said.According to the department, the exact pricing of building the universities is still to be determined, but ballpark figures given to the committee put it at “a couple of billion”.
“There is a question of infrastructure costs which are part of the second phase of the studies, which are not accounted for in the financial model,” he said. Initially planned as a higher education insitution, a decision was made to turn the project into a fully-fledged university. Financially, it is expected to trade at a deficit for “at least” the first 10 years of operation and record a cashflow shortfall for at least the first 12 years. This will require at least R400 million in ad hoc grant funding to cover.The University of Science and Innovation will be built in the City of Ekurhuleni, with a spot in Boksburg identified as the prime location.
Source: Education Headlines (educationheadlines.net)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Xenophobic Narratives Surge Ahead of South Africa's ElectionsAs South Africa's general elections on May 29th draw near, anti-immigrant rhetoric is intensifying across social media platforms, according to a new report from the Centre for Analytics and Behavioural Change (CABC).
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: Analysis Reveals Polarized Views on South Africa's Electoral ProcessA new report by the Centre for Analytics and Behavioural Change (CABC) sheds light on the polarized online conversation about South Africa's upcoming elections. The report, titled 'Bi-Weekly Social Listening Updates & Recommendations for Electoral Engagement 7,' analyzed over 350,000 mentions between April 16 and April 30, 2024.
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: Science Journalism in South Africa - Social Media Is Helping Connect With New ReadersAnalysis - Science journalism is about taking complex academic research and turning it into easy-to-read content that is still accurate. Aside from informing readers through evidence-based journalism, it aims to make the wider public curious about scientific research.
Source: allafrica - 🏆 1. / 99 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »
South Africa: Search Continues for Survivors of Building Collapse in South AfricaThe search continued Tuesday in South Africa for workers trapped in the collapse of a multi-story building under construction outside of Cape Town that left at least four people dead.
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: SABC Editor-in-Chief Called for Security Vetting and Polygraph Before South Africa ElectionThe Committee to Protect Journalists on Monday expressed alarm that South Africa's spy agency wants to subject Moshoeshoe Monare, the editor-in-chief of the South African Broadcasting Corporation (SABC), to additional security vetting and an invasive lie-detector test ahead of the country's crucial May 29 general election.
Source: allafrica - 🏆 1. / 99 Read more »