UJ raises R100m for students
Funding to help ‘missing middle’ students who are not poor enough to qualify for financial aid scheme
SOUTH AFRIC’S University of Johannesburg (UJ) has raised R100 million under its Missing Middle Fundraising Campaign that will support 2 500 students.
The missing middle refers to students who are considered to be better off than those entitled to benefit from the National Student Financial Aid Scheme (NSFAS), but for whom university fees are still unaffordable.
UJ spokesperson, Kaamini Reddy, said in a statement: “The University secured the R100 million, to support students who are in the ‘missing middle’ and hence do not qualify for NSFAS, with a generous R10 million cash donation from FirstRand Foundation”.
The UJ fundraising campaign is one of the biggest undertaken by a South African institution of higher learning.
“The FirstRand Empowerment Fund (FREF), has a very specific mandate to contribute to a strengthened economy and a better South Africa through promoting and funding education especially among the historically disadvantaged South Africans,” said Sizwe Nxasana, chairman of FREF.
He said FREF represents a significant piece of the endowment created by the group’s successful black economic empowerment scheme.
UJ’s Vice-Chancellor and Principal, Professor Ihron Rensburg said: “It is encouraging to see the private sector investing in education. I continue to be astounded at the extraordinary goodwill that has been shown to our University and our students.
“It is important for students to acknowledge the commitment and the contribution made by the private sector towards the funding of higher education, which the foundation has demonstrated with this donation.” – ANA
ANGER: Private security staff hide behind pillars and shields as they are pelted with stones thrown by students from Wits University during ongoing protests against the cost of higher education in Johannesburg, South Africa, in October.