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R100-million donation for Wits to advance its teaching and learning activities

[Johannesburg, 31 October 2014] - The University of the Witwatersrand announced today that it is the recipient of a R100-million donation. The individual donor, who is a long-time supporter of the university, has chosen to remain anonymous. The sum of R10million has been earmarked for the Wits Arts Museum, and the remaining R90million is to be deployed for the advancement of research and/or teaching as determined by the university.

"It is a great honour for Wits to receive funding of this magnitude from a South African who has seen it fit to invest in Wits, and in higher education, a sector that develops the future leaders of our country. We are sincerely grateful for this support, which will go a long way towards advancing the academic project and higher education in general," says Professor Adam Habib, Vice-Chancellor and Principal of Wits University. "We are still working out the specific details of how the funds will be expended, but we are always in need of funds to attract and retain talented academics and students, and to support the research and teaching activities."

Universities around the country need more funding if they are to respond to national imperatives and remain globally competitive. Universities obtain their funding via three income streams state subsidy, student fees and third-stream income. However, given the current realities, higher education institutions, and particularly research-intensive universities, are increasingly looking towards third-stream income in order to run top-notch universities.
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R100-million donation for Wits to advance its teaching and learning activities

Last updated : 31 October 2014


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