The net change in the stock of cash from higher education institutions amounted to a cash surplus of R441 million for the 2023 financial year.

This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2022 and 2023, classified economically and functionally. The net change in the stock of cash from the higher education institutions amounted to a cash surplus of R441 million for the 2023 financial year.

Major influences

The revenue cash flows from operating activities amounted to R107 457 million and the expense cash flows for operating activities amounted to R89 284 million, resulting in a net cash inflow from operating activities of R18 173 million for the financial year ending 31 December 2023. The net cash outflow from transactions in non-financial assets amounted to R9 172 million for the 2023 financial year. The cash surplus for 2023 was R9 001 million. The net acquisition of financial assets other than cash amounted to a cash outflow of R7 392 million for the 2023 financial year. The net incurrence of liabilities amounted to a cash outflow of R1 168 million. This resulted in a net cash outflow of R8 560 million from financing activities for the 2023 financial year. The net change in the stock of cash for higher education institutions amounted to a cash surplus R441 million (see Table A, p. 4) of the statistical release.