South Africa mulls welfare cuts to fund free higher education report.
JOHANNESBURG (Reuters) – South Africa’s government is considering a range of budget cuts that could include slashing social grants for the most vulnerable in order to pay for free tertiary education, a newspaper reported on Friday.
South Africa’s rand weakened on Thursday after comments by President Jacob Zuma raised concerns about higher spending on education, which would put added strain on the country’s already stretched public finances.
The Mail & Guardian newspaper said a presidential fiscal committee had presented a document to Zuma outlining possible cuts to fund free higher education for lower-income students as well as plugging a swelling budget deficit.
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