The Parliamentary Portfolio Committee on Higher Education has stated that the Cape Peninsula University of Technology (CPUT) should bear responsibility for its financial difficulties. The committee's remarks follow a briefing on the university's financial situation.
Committee chairperson, Nompendulo Mkhatshwa, emphasized that CPUT's management must account for the decisions that led to the cash crunch. The committee expressed concern over the university's financial management and called for urgent corrective measures.
CPUT has been facing significant financial challenges, including a projected deficit and cash flow problems. The university has attributed some of its issues to historical debt and underfunding, but the committee insists that internal governance and financial controls need to be strengthened.
The committee has requested a detailed turnaround plan from CPUT to address the financial crisis and ensure long-term sustainability. The university is expected to report back to Parliament on its progress.
