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Wits, SRC to raise R10 million

- Wits University

The Wits Students’ Representative Council and the University are embarking on a campaign which aims to raise R10 million for the 'missing middle'.

With a R2 million cheque from Nedbank, the Wits Students’ Representative Council has officially launched the #Access campaign which aims to raise R10 million to assist fellow students.

SRC President Nompendulo Mkhatshwa says that the campaign is aimed at covering the debt of students who form part of the ‘missing middle’.

“The ‘missing middle’ are students referred to as being ‘too poor to be rich and too rich to be poor’, she said during her address to hundreds of parents and students attending the Wits Welcome Day for new students.

The 'missing middle' are students who do not meet the criteria for National Student Financial Aid Scheme (NSFAS) funding because they are just above the NSFAS threshold but are still unable to afford university fees. Some come from households where the combined income is as little as R120 000 per annum. Contrary to popular belief, the missing middle are not part of the well-heeled middle class she said.

Wits University has joined hands with the student body on this ambitious endeavour. An estimated 8 000 students have outstanding debt. The bulk of these students are the “missing middle”.

The #Access campaign has received a major boost from one of the largest banks in South Africa. Anton de Wet: Managing Executive, Client Engagement at Nedbank says the donation is in line with the bank’s commitment to tertiary education across South Africa.

“We have been working with Wits to find a sustainable funding solution for higher education in South Africa. We are committed to continue this work with Wits and other stakeholders. We wish the SRC every success in their efforts with the #Access campaign and are delighted to donate the first R2million towards reaching this goal.”

To support this campaign please visit http://www.witsfoundation.co.za/src.asp. Donations can sent to:

Account name: Wits Foundation

Bank: Standard Bank

Branch code: 00 48 05

Account type: Business Current Account

Account no: 002 900 076

SWIFT code: SB-ZAZ-AJJ-480502

Reference: WITS SRC Access InitialSurname

(i.e. WITS SRC Access SNgcobo)

For media enquiries on the #Access campaign contact Fasiha Hassan, Wits SRC Secretary General on 084 598 2437. Alternatively you can email src.treasurer@students.wits.ac.za  src.secretarygeneral@students.wits.ac.za or src.president@students.wits.ac.za

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