South Africa needs a long-term financing model for the higher education sector, Finance Minister Nhlanhla Nene has said.
He warned that current discussions and proposals were meant to resolve the crisis in the immediate term urging for a long-term strategic intervention.
Nene told journalists that he met with Higher Education and Training Minister Blade Nzimande earlier Wednesday to try and map a strategy to end the student strikes that have spread across the country’s top universities.
Some of the universities experiencing protests over fees increments are Stellenbosch, UCT, Rhodes and Fort Hare.
The #feemustfall protests started at the University of the Witwatersrand last week after the institution’s council proposed a 10.5 per cent fee increment for 2016.
“We need to find a solution to the immediate crisis we are faced with,” Nene told journalists ahead of his MTBPS.
“We have trebled investment in higher education but challenges still persist.”
He also added that the six per cent cap on fees offered by Nzimande was a compromise.
According to reports, university students are calling for zero per cent increment, a demand which might be unrealistic for institutions of higher learning.