Page 36 - DUT Annual Report 2024

SENATE
REPORT TO COUNCIL: 2024
GRANTS AND INTERNAL FUNDING
Table 1: Grants and Internal funding
SOURCE
2022
2023
2024
No. of Students
Amount
No. of Students
Amount
No. of Students
Amount
University’s assistance
0 Master’s
-
2 Master’s
373,650.00
52 Master’s
901,670.00
0 Doctorate
-
6 Doctorates
148,710.00
31 Doctorates
869,222.00
Undergraduate Scholarship Award Scheme (USAS)
891
10,059,992.75
510
6,132,952.57
506
6,085,727.60
NSFAS
23,331
1,960,025,933.00
22,672
1,921,294,334.00
24,005
2,249,678,170.00
Business and industry
219
19,207,658.70
287
11,727,241.27
206
8,465,127.64
SRC-administered assistance for registration
74
325,600.00
161
718,060.00
167
805,942.00
Sector Education and Training Authorities (SETAs), third-stream income and DUT bursaries
519
25,804,241.82
323
17,667,940.22
800
38,737,539.39
NRF and South African Radio Astronomy Observatory (SARAO)
170
22,411,255.00
139
18,917,557.36
177
27,726,662.00
SETAs for WIL and graduate stipends
440
22,477,500.00
428
30,046,650.00
947
50,425,450.00
In 2024 student support from Business and industry dropped by 27.8% compared to 2023, aiding 206 students versus 287 the previous year. Despite R19.2 million supporting 219 students in 2022, the three-year trend remains concerning. Since 2022, Master’s and doctoral students received bursaries only upon degree completion, resulting in just two Master’s and six doctoral students supported in 2023, affecting postgraduate enrolment. However, a R1.77 million injection in 2024 boosted support for 52 Master’s and 31 doctoral students. Undergraduate Scholarship Award Scheme income slightly decreased by ~1% from 2023 to 2024, supporting 510 students in 2023 and 506 in 2024. Conversely, overall student support from SETAs, third-stream income, and DUT bursaries surged by 54.39% in 2024, aiding 800 students compared to 323 in 2023 – a 59.6% increase in students supported. NRF and SARAO support grew by 31.8%, benefiting 177 students in 2024 versus 139 in 2023. Additionally, SETA support for work-integrated learning and graduate stipends rose by 59.5%, assisting 947 students in 2024 compared to 428 in 2023.
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DUT ANNUAL REPORT 2024