University of Johannesburg received a R10 million donation from ABSA to support the funding of education for students at the institution.
UJ’s VC, Ihron Rensburg confirmed this saying the donation is meant to support the ‘missing middle’ students who aren’t qualified to get aid from the National Students Financial Aid Scheme (NSFAS).
“It is important for the students to acknowledge the commitment and the contribution which the private sector is already making towards the funding of higher education, which ABSA has demonstrated with this donation.
”We are deeply grateful to business and industry, and the public sector for their timely response and generous contributions that have helped UJ reach its goals for the missing middle.”
Afterwards, the VC called on establishments that are yet to provide assistance to emulated those that have.
“I want to make a further appeal to other corporations for contributions to this vital cause. By giving generously to the ‘missing middle’ campaign, we are collectively building, shaping and empowering the country’s future leaders,” he stated.
Meanwhile, Treasury announced yesterday that universities and students will receive an additional 17 billion to manage the funding crisis.
About R8 billion will be channeled towards the costs of fee increases for students from households with incomes up to R600 000. And R9 billion, towards the National Student Financial Aid Scheme.