Budget Speech 2015

Honourable Speaker, allocations to post-school education and training exceed R195 billion over the medium term, increasing at an annual average of 7.1 per cent.

University operating subsidies will amount to R72.4 billion. Transfers to universities for infrastructure of R10.5 billion are proposed, including R3.2 billion for the new universities of Mpumalanga and Sol Plaatje.

We are mindful of the pressures on student financing at our higher education institutions. The National Student Financial Aid Scheme is projected to spend R11.9 billion in 2017/18, up from R9.2 billion in 2014/15. This will support a further increase in university enrolments and in technical and vocational colleges.

Progress in the quality of post-school education programmes is clearly critical. Under Minister Nzimande’s direction, the 21 sect or education and training authorities and the National Skills Fund will continue to provide work placements for students and graduates.

Raising the number of trainees who qualify as artisans is a special priority. Options for improving the skills funding system will be reviewed in the period ahead.