HIGHER EDUCATION PARTNERSHIP
Accountants help colleges repair financial systems
The Department of Higher Education has partnered with the South African Institute of Chartered Accountants (SAICA) to bolster the financial management of the country’s 50 technical and vocational education and training (TVET) colleges. Over the past week, TVET colleges have been plagued by protests, with students demanding better governance practices and sound financial management in the institutions. Unqualified lecturers, poor infrastructure, late certificates, mismanagement and wastage were also cited in the protests. Higher Education and Training Minister Blade Nzimande has instructed his department to convene a forum to create a channel of communication between student representatives‚ college administrators and senior officials. In the 2015-16 financial year, four TVET colleges had outstanding audits with one lacking systems and documents. Another of the four had suspended its chief financial officer. Deputy director-general of TVET colleges Firoz Patel told Business Day that ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.