27 The faculty’s total budget for 2024 was R107 322 562.16. The actual expenditure was R96 229 665.17. The significant savings of R11 092 897.00 were driven primarily by lower-than-expected personnel costs, savings in the restricted budget and operational expense reductions. These figures demonstrate the Faculty’s effective management of its financial resources, with substantial savings across various categories. The insights gained from this year’s financial activities will inform future budgeting and financial planning to support the Faculty’s ongoing success and development. Fundraising Initiatives In 2024, the faculty secured a total of R7 390 126.30 in funding. Of this, R4 058 391.30 was allocated to research, with the majority (R3 6 million) sourced nationally from NRF, DHET, and others. An additional R392 224.00 came from international sources, including in-kind support from international partners for travel and other initiatives. Arts & Culture secured R3 260 200.00, including R2 755 200.00 from the Culture, Arts, Tourism, Hospitality, and Sport SETA for internship support and student bursaries. The Dean’s Concert raised R71 535.00 to provide ad hoc financial support to students in good academic standing who are in financial need.
RkJQdWJsaXNoZXIy MjU1NDYx