Why Business Unity SA doubts free higher education
Busa tells the fees commission business cannot carry the costs alone
Business Unity SA (Busa) says free higher education is not sustainable and business cannot carry its costs alone, given the low levels of economic growth. Free higher education has been central to the debate on transforming the private sector, with many contributors pointing out that the private sector remains one of the key beneficiaries of university graduates. Busa on Thursday made a submission to the fees commission, in which it said the economy had to grow in order to provide support to the call for free higher education. The economy had recorded 0.3% growth in 2016, below the Treasury and the South African Reserve Bank’s estimates. "We need a broad social consensus that addresses the challenges in basic and higher education systemically, supports institutional structures and makes the space for the private sector to draw the skills that are needed to power the economy," Busa said in its submission. Statistics SA’s fourth quarter Quarterly Labour Force Survey 2016 showed that t...