How the WITS student voting will work

Johnatan56 said:
But with the majority of students being likely to fail, how would that system cope? Was it not a ~60 dropout or something along those lines (posted in one of these articles forum comments)?
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You will have to make the requirements for whose who get loans high. Also, you are gone if you fail one year.

Yes, it is a big problem and that is why I say we must first fix basic education.
 
SammyD said:
Using previous graduate tax calcs of 19.5 billion that covers the 17.6 billion and there's a shortfall of 5.2 billion with the 24.7 billion.

Also South Africa's contribution to higher education as a percentage of GDP (0.72% for 2015-16) is lower than the rest of Africa and the rest of the world which sit at 0.78% and 0.84% respectively.
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Not sure what you mean by graduate tax calc? Where is 19 billion coming from?

These are the numbers as it stands NOW. How many will go to varsity if it was free? 3 or 4 times as students would want to go an study if it was free. Whatever number you reach will skyrocket in a very short space of time.

As mentioned previously, the budget is under severe strain. We have zero wiggle room, and are sitting at record levels of debt and running a large twin deficit.

You are also forgetting that the glorious ANC is also planning a completely unnafordable National Health Insurance which is projected to be R250 - R350 billion over 10 years.

http://www.iol.co.za/business/news/nhi-costs-to-skyrocket-2040660

This is also excluding the nuclear deal that many are against but it seems like it will be bulldozed through and add another trillion rand or so over 20 years.

We as a country cannot afford free tertiary education. Our tax base is too small and we have too many unemployed. We want everything for free in this country, but we cannot afford it.
 
KillerX said:
Not sure what you mean by graduate tax calc? Where is 19 billion coming from?

These are the numbers as it stands NOW. How many will go to varsity if it was free? 3 or 4 times as students would want to go an study if it was free. Whatever number you reach will skyrocket in a very short space of time.

As mentioned previously, the budget is under severe strain. We have zero wiggle room, and are sitting at record levels of debt and running a large twin deficit.

You are also forgetting that the glorious ANC is also planning a completely unnafordable National Health Insurance which is projected to be R250 - R350 billion over 10 years.

http://www.iol.co.za/business/news/nhi-costs-to-skyrocket-2040660

This is also excluding the nuclear deal that many are against but it seems like it will be bulldozed through and add another trillion rand or so over 20 years.

We as a country cannot afford free tertiary education. Our tax base is too small and we have too many unemployed. We want everything for free in this country, but we cannot afford it.
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That ^

The fact that students fail to understand this also points to major secondary schooling problems.
 
KillerX said:
Not sure what you mean by graduate tax calc? Where is 19 billion coming from?

These are the numbers as it stands NOW. How many will go to varsity if it was free? 3 or 4 times as students would want to go an study if it was free. Whatever number you reach will skyrocket in a very short space of time.

As mentioned previously, the budget is under severe strain. We have zero wiggle room, and are sitting at record levels of debt and running a large twin deficit.

You are also forgetting that the glorious ANC is also planning a completely unnafordable National Health Insurance which is projected to be R250 - R350 billion over 10 years.

http://www.iol.co.za/business/news/nhi-costs-to-skyrocket-2040660

This is also excluding the nuclear deal that many are against but it seems like it will be bulldozed through and add another trillion rand or so over 20 years.

We as a country cannot afford free tertiary education. Our tax base is too small and we have too many unemployed. We want everything for free in this country, but we cannot afford it.
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The 19 billion comes from a calculation quoted earlier in the thread from a previous thread in reference to a proposed 1% graduate tax. Student numbers don't have to increase significantly. There's only so much space at institutions. The best will get in, the average will not.
The projects you're talking about are irrelevant because the money for doesn't come from the current tax revenue but additional.
Clearly as the above numbers show, the required additional capital is 17-25 billion which the 19.5 billion (if this were the model used) accounts for, more or less nullifying your affordability argument
 
BBSA said:
Eish.... when was that?
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These loans were issued until fairly recently. Certainly in the 90s, and up to around 2006. Maybe even now.

Mine was the equivalent of a few R100k today.

So please excuse me if I refuse to pay graduate tax.

No sympathy for this entitled bunch of today.

NSFAS is fine, rules should just be applied.
 
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SammyD said:
The 19 billion comes from a calculation quoted earlier in the thread from a previous thread in reference to a proposed 1% graduate tax. Student numbers don't have to increase significantly. There's only so much space at institutions. The best will get in, the average will not.
The projects you're talking about are irrelevant because the money for doesn't come from the current tax revenue but additional.
Clearly as the above numbers show, the required additional capital is 17-25 billion which the 19.5 billion (if this were the model used) accounts for, more or less nullifying your affordability argument
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You on drugs?

Your figures are mostly thumb sucks (or wishful thinking) but let's say for the sake of argument it is 17-25 billion. Well that is 17-25 billion more than what this country can afford.

What do you think a larger budget deficit would do for the country's rating? A rating downgrade would mean that this country would have to cut back on everything because a huge portion of the budget will go to increased interest payments as the cost of borrowing will increase.
 
Sammy, to introduce a new Tax on South Africans is a terrible idea. South Africa is on the brink of a recession, an additional tax will send us into a recession. A recession will cause even more unemployment, less tax and more social grants. This is the last thing we can afford!
 
SammyD said:
The best will get in, the average will not.
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Do you think for one second the average won't protest/riot?

Look at the joke of our current high school education. I was in the last year of the old curriculum and had a look through the matric handbooks of 2014,was a complete joke to me,small modules that looked like a gr9 chapter.

They should up the standard for high school,and also need to revise the level of entry into university.

You are on the deans list would you not agree this needs to be dealt with,or will you cry foul next that entry is too high when education is free?
 
Jola said:
These loans were issued until fairly recently. Certainly in the 90s. Maybe even now.

Mine was the equivalent of a few R100k today.

So please excuse me if I refuse to pay graduate tax.

No sympathy for this entitled bunch of today.
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I agree with you, but I was actually asking how universities were financed before SA was colonised.
 
Vrotappel said:
You on drugs?

Your figures are mostly thumb sucks (or wishful thinking) but let's say for the sake of argument it is 17-25 billion. Well that is 17-25 billion more than what this country can afford.

What do you think a larger budget deficit would do for the country's rating? A rating downgrade would mean that this country would have to cut back on everything because a huge portion of the budget will go to increased interest payments as the cost of borrowing will increase.
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Mind pointing out which of those are thumb sucks, bud?

BBSA said:
Sammy, to introduce a new Tax on South Africans is a terrible idea. South Africa is on the brink of a recession, an additional tax will send us into a recession. A recession will cause even more unemployment, less tax and more social grants. This is the last thing we can afford!
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You're exaggerating the effect of that 1%. The only people who'd really feel the pinch are the rich. The lower brackets will have minor amounts deducted.

Gonzo.B said:
Do you think for one second the average won't protest/riot?

Look at the joke of our current high school education. I was in the last year of the old curriculum and had a look through the matric handbooks of 2014,was a complete joke to me,small modules that looked like a gr9 chapter.

They should up the standard for high school,and also need to revise the level of entry into university.

You are on the deans list would you not agree this needs to be dealt with,or will you cry foul next that entry is too high when education is free?
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You're pulling at straws. If you get rejected at university based on performance but not being able to afford it is another thing. If increasing APS scores is needed to control numbers then so be it. Every department already has it's own entry requirements anyway.
 
SammyD said:
You're exaggerating the effect of that 1%. The only people who'd really feel the pinch are the rich. The lower brackets will have minor amounts deducted.
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Not exaggerating Sammy, an extra tax will send us into a recession. Any economist will tell you that you must reduce taxes when you are in a recession, not increase them.
 
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SammyD, this is all BS, you don't know what you are talking about.

SA can't afford this BS, largely due to ANC corruption and incompetence.

But also because the country just isn't wealthy enough.
 
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