Free tertiary education for all no benefit to poor people - Davis Tax Committee

FILE: #FeesMustFall demonstrators protest outside the University of Pretoria during protests over tertiary education fees in Pretoria on 10 October 2016. Picture: EWN

It would add an extra R30 billion or R35 billion in increased interest costs.

Judge Dennis Davis

That is more what I fear… If they [Government after ANC’s elective conference in December] decide to go on a spending spree when we don’t have the money to do so…

Thabi Leoka, Argon Asset Management

Government could, at most, wring R15 billion more out of taxpayers to pay for the tertiary education of promising students from the poorest families.

However, finding the extra R60 billion to R90 billion to offer everyone free education is impossible.

So said the Davis Tax Committee in its report on Monday.

The Committee suggests that, whatever extra funds are raised, should be ring-fenced for higher education and allocated in an explicitly pro-poor fashion.

It warns against a blanket “no-fee” policy which, it says, is not feasible and “cannot possibly be pro-poor in South Africa.”

The Money Show’s Bruce Whitfield interviewed Judge Dennis Davis, Chair at The Davis Tax Committee, and Argon Asset Management Senior Economist Thabi Leoka.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

This report was generated more than a year ago... it just collected dust… this Minister said it must be out in the public domain…

Judge Dennis Davis

The document still makes a significant contribution…

Judge Dennis Davis

He [Malusi Gigaba] has inherited a massive problem.

Judge Dennis Davis

I woke up very depressed, and I don’t think the day will end with many cheers from my side.

Thabi Leoka, Argon Asset Management

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

Jubilant Zimbabweans ‘crying and hugging’ as Robert Mugabe resigns

There’s an outpouring of emotion on the streets of Harare. Bruce Whitfield interviews Rashweat Mukundu.

Joburg restaurant changes racist name after outrage on social media

Joburg restaurant changes racist name after outrage on social media

Ad guru Andy Rice knocks Misohawni, but praises outdoor living retailer REI for closing all 151 of its stores on Black Friday.

How “business rescue” works to save distressed companies

How “business rescue” works to save distressed companies

The Money Show’s Bruce Whitfield interviews Werksmans Attorneys Director Dr Eric Levenstein.

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

Imagine Naspers without its 34% stake in Tencent (world’s 5th largest company)

How much would Naspers be worth without Tencent? Bruce Whitfield interviews Old Mutual Investment Investment Analyst Philip Short.

Funny man Alan Committie gets serious(ish) about money

Funny man Alan Committie gets serious(ish) about money

The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).

How to boost your reputation and change the way people see you

How to boost your reputation and change the way people see you

Ian Mann reviews “The Reputation Game: The Art of Changing How People See You” by David Waller and Rupert Younger.

Popular articles
8 things you may not know about Jacques Pauw

8 things you may not know about Jacques Pauw

We thought we'd let you in on some facts about sought after, award-winning journo Jacques Pauw, author of The President's Keepers.

UCT students invent effective shower water-capturing device

UCT students invent effective shower water-capturing device

Shower Savvy is a Jerry can look-alike that one can stand on while taking a shower which stores up to 10 litres of grey water.

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.

Falling out of love? Signs and stages of romantic disengagement

Falling out of love? Signs and stages of romantic disengagement

Can you love your partner, but no longer be in love with them? Dr Eve unravels stages of disaffection in romantic relationships.

Celibacy liberated me - Amanda Ndiki

Celibacy liberated me - Amanda Ndiki

Author Amanda Ndiki, celibate for 6 years describes her journey and how celibacy helped mend her sense of self.

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?