At PwC we are passionate about education and as a result we have invested significantly in the education industry.
We have the most distinguished higher education practice in South Africa. We are external auditors / advisors to all 26 public universities in South Africa. We are also external auditors / advisors to the majority of the 50 Technical and Vocational Education and Training Colleges (TVET) in South Africa. We provide external audit, advisory as well as taxation services to this industry.
Internationally, PwC renders professional services to a significant portfolio of leading universities around the world. We are external auditors of 9 of the top 10 universities in the world, as measured by the Times Higher Education World Rankings of 2016-2017.
Since 1993, we have hosted a Higher Education Conference where strategic and technical role players in the sector share thoughts and debate matters of importance to the education industry. Vice-chancellors, representatives of the Department of Higher Education and Training, the Auditor-General, international education experts and various other stakeholders have participated in the conference over the last 23 years. This remains a valuable forum for chief financial officers of tertiary institutions and we view it as an important part of our ongoing support to the sector.
As a result of our significant footprint in the industry, we have formed a Education Industry Group that consists of almost 100 partners and managers. Roshan Ramdhany, our Education Leader, ensures the group meets on a quarterly basis to discuss topical matters and industry best practice for universities and TVET colleges and broader education. This industry group has produced material to support tertiary institutions on corporate governance, the Higher Education Act and the framework for cost and income allocation in higher education institutions. This group has also been successful in obtaining binding class rulings on the tax treatment of Post-Doctoral Fellowships and subsistence allowances in respect of overseas sabbaticals. In addition, the group worked closely with the Department of Higher Education and Training to update the Reporting Regulations for Annual Reporting by Public Higher Institutions.
We have an unsurpassed footprint in the education industry in South Africa. Our annual conference connects role players and our thought leadership elicit debate in the industry.
Partner, PwC South Africa
Tel: +27 (0) 11 797 4144