IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The net change in the stock of cash from higher education institutions amounted to a cash surplus of R5 364 million for the 2019 financial year.

This statistical release provides information on the sources and uses of cash of higher education institutions for the financial years 2018 and 2019, classified economically and functionally. The net change in the stock of cash from the higher education institutions amounted to R5 364 million for the 2019 financial year.

Major influences

The revenue cash flows from operating activities amounted to R88 428 million and the expense cash flows for operating activities amounted to R72 769 million, resulting in a net cash inflow from operating activities of R15 659 million for the financial year ending 31 December 2019. The net cash outflow from transactions in non-financial assets amounted to R7 017 million for the 2019 financial year. The cash surplus for 2019 was R8 642 million. The net acquisition of financial assets other than cash amounted to a cash outflow of R2 995 million for the 2019 financial year. The net incurrence of liabilities amounted to cash outflow of R283 million, resulting in a net cash outflow of R3 278 million from financing activities for the 2019 financial year. The net change in the stock of cash for higher education institutions amounted to R5 364 million.