Financial Overview

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’s students were some of the factors affecting the financial results for the year.

Financial Overview

UJ’s 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.

391

million

Annual Operating Surplus

197

million

Third-stream income (unencumbered)

5.7

billion

Consolidated net assets

209.31

million

Third-stream income (externally-generated research funding)