Maties: We can't make up majority fee shortfall from reserves
The university says the institution is not in a position to make up the shortfall from reserve funding.
CAPE TOWN - Stellenbosch University said it can't make up the majority of next year's funding shortfall as it doesn't have sufficient reserves.
The university said it will be forced to cancel certain projects scheduled for 2016 if government doesn't provide it with an 80 percent contribution to cover next year's funding shortfall.
Tertiary institutions are looking at ways to cover a more than R390 million shortfall resulting from the decision to freeze tuition fee increases next year.
Government will come upwith R1.9 billion to cover part of the R2.3 billion shortfall.
Stellenbosch University's Martin Viljoen said the institution is not in a position to make up the shortfall from reserve funding.
He said government will have to cover at least 80 percent.
Viljoen said if government does not contribute a significant amount, certain projects earmarked for launch next year will have to be postponed or scrapped.
This means the university requires R113 million from government to cover the shortfall from study and accommodation fees.
He added management is pleased with the additional funds as the government subsidy has decreased steadily over the past decade.
The university hopes more funds will be made available in the coming financial years.
The university will only decide what to do with the various projects, once management is informed of how much of the R1.9 billion the institution will receive.
The University of Cape Town also has various strategies in place to cover their portion of the shortfall, including asking wealthier parents for donations.
Cape Peninsula University of Technology says it's still discussing the funding situation.