In his Medium Term Budget Policy Statement (MTBPS) speech to Parliament, Minister of Finance, Nhlanhla Nene, mentioned the ongoing and countrywide student protests against an increase in university fees.
“We have been reminded this past week of the challenges of financing the expansion of further education and university opportunities,” Nene said.
“It needs to be said that disruption of learning is not constructive.”
Nene added that Minister of Higher Education, Blade Nzimande, had rightly indicated the need to strengthen student financing further, and to find solutions where current arrangements are inadequate.
At a press conference before he addressed parliament, Nene told journalists: “Minister Nzimande has negotiated a settlement, [of a 6 percent cap on fees for next year].
Nene explained that this was only for the short-term “to stabilise higher education and create an environment in which we can deal with a longer-term settlement.”