Historical debt settlement is a short-term solution: Sasco - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Historical debt settlement is a short-term solution: Sasco via SABCNewsOnline

) should have been spent on future funding. The Higher Education Department says the money will be used to settle the historical debt owed to universities by more than 52 000 NSFAS-funded students.

“I think this is narrow, and with great respect to the office of the ministry, to say that they are going to allocate close to a billion rand for historical debt, it adds to the problem. Going forward, five years from now or next year are they still going to add another billion rand for historical debt again? So, secondary to that, it doesn’t focus on a logical conclusion of what we’ve been calling for.

Earlier, Higher Education Minister Naledi Pandor announced that an additional sum of R967 million had been set aside to settle historical debt owed by over 52 000 NSFAS-funded continuing students.

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