Funding Strategy Group (FSG)

At the ordinary meeting of Universities South Africa’s Board of Directors, the Chairperson of the Funding Strategy Group (FSG), Professor Bismark Tyobeka, who is also the Vice-Chancellor and Principal of the North-West University, advised the Board that the FSG wished to continue into 2024 with the priorities for 2023. He said the impending cuts to state subsidies to the sector in 2024 and the uncertainties surrounding the National Students Financial Aid Scheme (NSFAS) rendered the long-term financial sustainability of universities a priority concern. However, some of the FSG priorities, as carried over from 2023, could be lumped together under one heading.