The University of Cape Town (UCT) has been in the news for all the wrong reasons. A suspended, now paid-off, vice-chancellor; police invited onto campus to prevent further disruption of classes by defaulting students barred from readmission; and an academic community threatening strike action.

It was the latter dispute that led me to fear for the financial state of my alma mater and investigate. The numbers show UCT’s assets amounted to an impressive R15.6bn in 2021, up from R10.1bn in 2016. Yet many of the buildings and much of the equipment will have little resale value, if they could be sold at all...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.