By SAPA –
Johannesburg – The cash deficit for higher education institutions was R113m for the 2013 financial year, Statistics SA said on Wednesday.
Cash receipts from operating activities amounted to R53 101m, an increase of R4 478m from 2012, according to Stats SA’s financial statistics of higher education institutions.
“This increase was mainly due to increases in other receipts and grants received from the department of higher education and training.”
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