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

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