Fort Hare gobbles up aid money
31 August 2015 - 09:33
Fort Hare is in such financial distress that it has used student funding to pay staff. The revelation is contained in a forensic report by FastTrac Freelance Business Specialists, which paints a picture of a university in financial crisis.The document says the university received aR35-million advance payment from the National Student Financial Aid Scheme in December to settle claims.Vice-chancellor Dr Mvuyo Tom admitted the university redirected student grants to pay salaries because it "had no choice".He called on students who owed money to pay what was due. "If they don't, they won't be allowed to write their exams."..
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