[vc_row][vc_column][vc_column_text]UJ achieved positive operating results during the year under review, despite a tough economic environment. Strict budgetary controls, pressures from inadequate student funding, uncertainty around tuition fees, rising salary costs driven by scarcity and high demand for qualified academic and professional staff , rising utility costs, and the socioeconomic circumstances of the University\u2019s students were some of the factors affecting the financial results for the year.[\/vc_column_text][\/vc_column][\/vc_row][vc_row css_animation=”none” overlay_opacity=”” gradient=”” css=”.vc_custom_1566545637771{background-image: url(http:\/\/ujstakeholderreport.co.za\/ar\/wp-content\/uploads\/2019\/08\/BGG.jpg?id=4048) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column offset=”vc_col-lg-offset-0″][vc_empty_space height=”100px”][vc_row_inner][vc_column_inner offset=”vc_col-lg-offset-2 vc_col-lg-8″][cms_custom_heading heading_style=”style4″ show_icon=”” title_color=”#ffffff” tfont-weight=”800″ small=”” title=”Financial Overview” css=”.vc_custom_1564653995520{margin-top: 20px !important;}” tfont-size=”40px” tline-height=”50px”][vc_column_text color=”#ffffff” css=”.vc_custom_1566545704120{margin-top: 20px !important;}”]UJ\u2019s financial principles clearly state that the University will at all times endeavour to ensure a match between recurring expenses and recurring income, and this assisted in managing the finances during these tough times. Non-recurring income is used to nance once-o capital expenditure, to further enhance the overall sustainability of the University, and for non-recurring strategic interventions.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”100px”][vc_row_inner][vc_column_inner width=”1\/2″][cms_counter_single counter_style=”style-2″ type=”Random” digit=”391″ c_title=”million” cms_template=”cms_counter_single.php” counter_content=”Annual Operating Surplus” color_icon=”#e06733″ color_text=”#e06733″][\/vc_column_inner][vc_column_inner width=”1\/2″][cms_counter_single counter_style=”style-2″ type=”Random” digit=”197″ c_title=”million” cms_template=”cms_counter_single.php” counter_content=”Third-stream income (unencumbered)” color_icon=”#e06733″ color_text=”#e06733″][\/vc_column_inner][\/vc_row_inner][vc_row_inner][vc_column_inner width=”1\/2″][cms_counter_single counter_style=”style-2″ type=”Random” digit=”5.7″ c_title=”billion” cms_template=”cms_counter_single.php” counter_content=”Consolidated net assets” color_icon=”#e06733″ color_text=”#e06733″][\/vc_column_inner][vc_column_inner width=”1\/2″][cms_counter_single counter_style=”style-2″ type=”Random” digit=”209.31″ c_title=”million” cms_template=”cms_counter_single.php” counter_content=”Third-stream income (externally-generated research funding)” color_icon=”#e06733″ color_text=”#e06733″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][vc_column_text]UJ achieved positive operating results during the year under review, despite a tough economic environment. Strict budgetary controls, pressures from inadequate student funding, uncertainty around tuition fees, rising salary costs driven by scarcity and high demand for qualified academic and professional staff , rising utility costs, and the socioeconomic circumstances of the University\u2019s students were<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/right-sidebar.php","meta":{"footnotes":""},"class_list":["post-4070","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/pages\/4070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/comments?post=4070"}],"version-history":[{"count":12,"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/pages\/4070\/revisions"}],"predecessor-version":[{"id":4368,"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/pages\/4070\/revisions\/4368"}],"wp:attachment":[{"href":"https:\/\/ujstakeholderreport.co.za\/2018\/wp-json\/wp\/v2\/media?parent=4070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}