Medium-term funding boost for post-school education

By Karen MacGregor. South Africa’s post-school education budget has been increased to R34.3 billion (US$3.8 billion) – growth of 8.6% over last year – Minister of Higher Education and Training Blade Nzimande said last week. A priority is to provide opportunities for 3.5 million youths not absorbed into employment, education or training this year. The current inflation rate is just under 6%. Medium-term funding has been increased by an average of 7.8% over the three years to 2015-16, rising to nearly R40 billion in 2015-16, Nzimande told parliament in his budget vote speech on 8 May. Read more...