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.
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.
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.
This year marks the 25th anniversary of the PwC Education Conference, proud testimony to our long-term investment in the sector.
The theme this year was based on the current changes in the technological environment that education institutions face and the related challenges. The current environment requires innovative changes and responses to ensure that institutions are able to operate in a digital and revolutionary landscape.
We believe that the education sector remains critical if we are to transform our economy and growth in South Africa and it is against the backdrop of significant digital disruption and a plethora of headwinds facing the sector.
The 2018 conference had an exceptional line-up of guest speakers and this year’s conference lived-up to its promise to be one of the best yet, as we commemorate its 25th anniversary.
At PwC, you can reimagine the possible in education for a revolutionary future.
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.
Welcome to our first PwC Education Sector Capability Statement – Reimagining the possible in education with you publication.
PwC reflections on some of the matters that took place around the world in 2016 and had an impact on Higher Education.
Sharing our thoughts on how to create expenditure efficiencies, generate new revenue streams and adopt a commercial mindset in the higher education sector.
The "Fees Must Fall" campaign and the announcement of a zero percent increase in student fees for 2016, heightened the risk of defaults on student debt.
With the "Rhodes Must Fall" campaign early last year and the "Fees Must Fall" campaign later in the year, 2015 has been a very eventful year.
We analyse the importance of supply chain management and responses to common challenges.
The cost of delivering university education in South Africa amounts to close to R50 billion annually.
When value-added tax (VAT) was introduced in 1991, legislation that specified the boundaries of primary, secondary & higher education was not in place yet.