Page 40 - DUT Annual Report 2023

Grants and Internal Funding 2023
TABLE 2:
Grants and internal funding 2023
Theuniversityexpressesgratitudeforthegenerousfinancialassistance,whichgreatlysupportsourstudents,providedbyourquad-helix partners.However,therehasbeenasignificant39%decreaseinfinancialbackingfromourbusinessandindustrypartners,droppingfrom R19.2 million in 2022 to R11.7 million in 2023, as depicted in Table 2.
SOURCE
2021
2022
2023
NO OF STUDENTS
AMOUNT
NO OF STUDENTS
AMOUNT
NO OF STUDENTS
AMOUNT
University’s Assistance
223 Master’s
R3,846,570
0 Master’s
-
2 Master’s
R373,650
147 Doctorate
R4,069,720
0 Doctorate
-
6 Doctorate
R148,710
Undergraduate Scholarship Award Scheme (USAS)
662
R8,086,633
891
R10,059,992
510
R6,132,952
NSFAS
23,545
R1,953,686,079
23 331
R1,960,025,933
22,672
R1,921,294,334
Business and industry
637
R24,824,771
219
R19,207,658
287
R11,727,241
SRC-administered assistance for registration
148
R610,190
74
R325,600
161
R718,060
Sector Education and Training Authorities (SETAs), third stream income and DUT bursaries
374
R15,725,077
519
R25,804,241
323
R17,667,940
NRF & South African Radio Astronomy Observatory (SARAO)
158
R16,652,981
170
R22,411,255
139
R18,917,557
SETAs for WIL and graduate stipends
456
R17,957,900
440
R22,477,500
428
R30,046,650
Although student support saw a 31% increase from 2023 (supporting 287 students) compared to the previous year (219 students), the overall trend over the three-year period is not optimistic, notably considering the support of R24.8 million in 2021, which aided 637 students. It is noteworthy that Master’s and doctoral students did not receive bursaries as of 2022, with awards granted only upon degree completion. Consequently, only two Master’s and six doctoral students received support in 2023, impacting PG enrolment over the past three years. Moreover, there was a 39% decrease in income from the Undergraduate Scholarship Award Scheme from 2022 to 2023, benefiting 891 students in 2022 and 510 students in 2023 (a 43% decrease). While an overall upward trend was evident in student support from 2021 to 2022 for SETAs, third-stream income, and DUT bursaries, with a 64% increase; however, there was a noticeable 31.5% decline in funding for 2023, leading to a subsequent 37.8% reduction in student support. Support from the NRF and SARAO also declined by 18.2% from 2022 to 2023 (from 170 to 139 students). In contrast, SETA support for work-integrated
learning (WIL) and graduate stipends increased by 33.7% from 2022 to 2023, but there was a slight overall decrease of 2.7% in student support.
Size and Composition of the Student
Body
This portion of the report presents an outline of the student body, detailing the quantity of enrolled students, their academic levels, and specific demographic traits. In 2023, DUT successfully attained its targeted enrolment of FTEN students following three consecutive years of falling short of the target (2020–2022). Despite setting the planned enrolment at 8,564 students, the actual enrolment exceeded expectations, reaching 8,636 students. The total student count, encompassing both FTEN and returning students, amounted to 32,561 in 2023, which represents a 1.47% increase compared to the previous year (2022), where the total enrolment stood at 32,089. This overall increase in enrolments was primarily driven by the attainment of the FTEN target for 2023.
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DUT ANNUAL REPORT 2023