It's really unfortunate that historically significant institutions in the Eastern Cape are often overlooked and undervalued, despite having birthed some of the best South Africans.

@isoboy1000

2 ай бұрын

Well who is to blame? the professionals that these universities have produced are the ones who need to comeback and create the funds to support these institutions i mean most of them are in government, but you look at the other side about what happened in Fort Hare and realised that we black people are responsible for our downfall.

@mistrolava

2 ай бұрын

Most professional person who where to students in them institutions where not treating them well, or they didn't create a culture of community, by even involving them in the direction the institution what's to take.

"No one's gonna save us but US!" powerful statement my guy.

When WSJ did a similar video about where American higher-ed institutions get their funding from, I started to ask myself questions about how SA universities "sustain" themselves and who funds them, luckily Zimasa was there to quench my curiosity. Danko!

@mooshtaffa

2 ай бұрын

I got you 😉

@justmote

Күн бұрын

I also learnt this from an channel called Valuetainment by an American guy who revealed that schools(varsities) get government funding but the funny thing is that they're "tax exempt" meaning that don't pay tax at all. But then the most painful thing is that we as low-class workers don't afford to pay for our children's fees even when the money is actually from our pockets. It's witchcraft.

9 out of 26 universities in South Africa have endowment funds, rest a poor universities literally living hand to mouth like their students.

@thutoregoeng5516

Ай бұрын

Its representative of the larger social structure of humans

@KKOPPONG

Ай бұрын

It’s more representative of the fact that we blacks don’t put our money where our mouth is. We watch these universities get funded by their own whites and we don’t do the same. We watch them fund their organisations like Afriforum and we don’t, we watch them fund politics and we don’t. We have no one to blame but ourselves because I know for a fact there’s MANY rich black people in our provinces. We rather loot temder monies and send that to ANC cronies and not even the actual party rather than give to our universities. Blacks are wealthy. We just don’t value our future enough to back ourselves financially and do what’s right.

Fees must fall was a result of student saying enough is enough....if only the same could be done about our current government

@Southghost5997

Ай бұрын

It should absolutely go to government!

I remember our teacher telling us when she attended University, the majority of the lecture would be in Afrikaans, thought it was an English class.

The golden rule is he who controls the money makes the rules.

@nombusodlamini7298

Ай бұрын

By looking at the origins of universities, who founded and or funded them, you see why. It's about legacy and entrenching or planting an ideology in order to support certain interests, that's the primary motive!

@Southghost5997

Ай бұрын

Somewhat true, but mostly it's there to make sure the university can manage themselves when government and fees are not enough. Definitely, some funders have their own agendas, whether good or bad​@nombusodlamini7298

we need to encourage our people to watch this man

60% of first year university students in SA drop out. It is a waste of money. Spend it on primary education grade 1 to 7. If students don't pass with over 70% they can drop out and waste their lives instead of this gentlemans time.

Thousands of applicants pay an application fee and get rejected. Where does that money go?

@KKOPPONG

Ай бұрын

There’s no way you actually don’t know the answer to that question man. It goes to the exact same place the ones that get accepted go. The universities account to be used for whatever the university wishes.

@Southghost5997

Ай бұрын

You think it's free to read and process thousands of applications?

@KKOPPONG

Ай бұрын

@@Southghost5997 put aside the reading and processing. Paying bank charges for all these funds living around, The cost of printing them, distributing them all over the country, the costs of running call centres and maintaining servers to host the online operations of the applications processes, paying IT guys & faculty staff people overtime to do that at peak applications time, the correspondence between applicants and the school throughout the year receiving results to offer provisional acceptances. South Africans just think universities are simply taking money for no reason, there’s a lot of work going on🤦🏿‍♂️

Zimasa you are the force to be reckoned with... Unlike these other local content creators who are lazy to research even the most simplest topic. Personally I have know since early 2000s how super rich the institutions of higher learning are,, something that made me wonder why force the poor to pay these exuberant fees if they(institutions of higher learning) have enough money

@heinewittgenstein3994

2 ай бұрын

Great point mate. I've also been mystified by why evil corporations like Woolies and Checkers, force poor people to buy food, when they literally worth hundreds of millions.

Siyabulela 🙌🏾🙌🏾🙌🏾relevance, timing, eye opening.

So long as universities are not government-owned, they will continue to sit on these billions because they are not meant for an ordinary South African and we will continue to have protests like fees must fall. The system was not designed for us and, unfortunately, we have a syndrome "it does not affect me", yet whatever doesn't affect you has an effect somehow! Good job mfo kaVabaza! Keep it up!

@KM_Zitha

2 ай бұрын

Entitlement clouds the mind. Without these endowments, SA universities would have collapsed from underfunding. Not all money must be used up.

@stylmandurbanite5098

2 ай бұрын

@@KM_Zitha The crux here is the universities making it difficult for an ordinary South African to study yet they can accommodate anyone and everyone. I am not sure what are you referring to about the entitlement. However, everybody is entitled to education and it is one's choice to decide if they want education or not. In this country, we've so much confusion, poverty, inequality, etc. because of private funders. And that's wrong because no one funds one for free. Therefore, the question is what are they benefiting from their endowments . . .? Until you answer this question you'll then understand why it is important for the government to own our universities so that no one (individually) is entitled to call the shot whenever they feel like doing so, especially if you're not a South African!

@User47HD

2 ай бұрын

​@@stylmandurbanite5098do you honestly believe the government would do a good job at running the universities? Look at all the state owned entities and how they have collapsed, look at the poor management at UNISA. Wake up my friend

@LM-he7eb

2 ай бұрын

Who said universities aren't government owned?

@User47HD

2 ай бұрын

@@stylmandurbanite5098 my friend look at what happened to every state owned entity in SA. They all collapsed, now you want them to do the same to our universities?

This just explained so much more about the unequal playing field amongst universities and some of their weird rules. Thank you again for sharing this information.

Thanks bro! As always you make us understand that there's many moving parts that aren't accounted for when we outrage as a people! I do find it interesting that so many of our elites don't find it necessary to help Universities by funding them or help them connect to resources that could help. Too many aspects of South African society tell the disadvantaged that they simply don't matter enough. To me it seems politicking the issues, vilifying people of means for their interests and changing the names of historical buildings within the institutions matters more to our government and their mouthpieces within the Universities...

Great great great work you did here. Love the vision. I would love to mention that the music did affect my concentration. The parts where the music is louder than your voice went over my head.

Thank you for creating this video. Very informative! Much appreciated.

I went to stellies the wealthiest uni I've been to (I have been to up, stellies and now Wits). Had a friend who told me that the uni (stellies) could go 5years with any fees without any impact (she was told that by her investment lecturer)

@LM-he7eb

2 ай бұрын

I'm sorry. But, this is not a lot. If you told me I have enough savings to survive the next 5years without earning an income; I wouldn't think it was a lot of money

@thusohlahatsi

2 ай бұрын

@@LM-he7ebbut you’re not a university

@LM-he7eb

2 ай бұрын

@@thusohlahatsi So people can have 5years worth of savings. But, universities can't? Wouldn't you expect universities to have savings that last longer, than than of ordinary people?

@tpmash

2 ай бұрын

I mean ! 🤷🏽‍♀️😅 the location alone says it all

@bokangsepinare7428

Ай бұрын

UP said 20 years

I am gonna need you to do more, LOL , This was educational and enlighting

Dankie My Brother i am officially a Subscriber

More than just relevant. The issue of endowments needs to be further understood, and universities (and funders) need to apply the funds better. At present it seems like there is a competition on who will have the highest distributable reserves, instead of how much of that was applied without a significant negative impact on the university's balance sheet. We will see no improvement if we do not apply the cash SIDE NOTE: I think you should consider a video on the current "specialised" courses we have versus a more general outlook of our qualifications. Globally, you will find a person majoring in finance and having minors in History, politics, etc. This is more beneficial than building robots through a system that just focuses on one small item... that is for post-grad

This video was somewhat strange. It was clearly well informed, structured and had a very reasonable conclusion. However, the introduction and video description throws the accusation that the endowment funds are selfish and do not advantage students, which is largely refuted by the rest of the video. I don't know man. I agree with most of the video but disagree with the argument you're trying to sneak in. Endowment funds, as you mentioned, are donations. Students aren't entitled to that money😅. The universities, within reason, can do as they please with it.

@sinazobogicevic3442

2 ай бұрын

I think the title is accusatory because many people take that stance. I don't think I would have clicked on the video if it wasn't as is.

Wow keep up the good information video 👏🔥

Incredibly informative video, well researched and delivered essay🙏🏽✨

Amazing video my best friend and I were questioning this so finally having an answer and holistic understanding was wonderful

Informative and entertaining video, top research and video editing, great work from the team...

This was a very informative video. Keep up the great work

Zimasa thanks for the value that you to KZread, I really enjoy your content as a black female student in our universities ! Please keep blessing us with such great and mentally stimulating content. Please share who does your video editing !

Very informative video👌👌👌👌👌👌

its only now I fully understand feesmustfall, thank you

Lomjita ❤

The elites in these colleges are chewing the money coming from these foundations or endowments. For example in some of the universities in SA there are a lot a courses that are outdated due to the fact that these universities do not want to spent the investment on school related things, e.g purchasing advanced equipment for experiment purposes and so on. Rather, they keep these courses because they are not costly, as they spent minimum investment on them.😢

@KKOPPONG

Ай бұрын

The endowments usage are decided by those who fund them. Have you not listened to the 1st part of the video. The universities don’t get to pick and choose. I don’t believe Wits for example is ok with not being able to register students, feed or house them while they have money in their accounts but if the donor highlights the money to be for maintenance for example they can’t decide on their own to use it to fund academic activity. If they do that they’re engaging in fraud, it’s unlikely that the company overseeing the fund usage will even release that money for the university to spend and if the university does this behind their backs and it gets exposed, which it 100% will they’ll never get endowments again because they can’t be trusted to safeguard money. The government cannot take the Home Affairs budget to go assist Eskom the same way you can’t take Eben Etzebeth’s donation to go buy beds for students when he said he was donating to the rugby team🤷🏿‍♂️

@dumisamarafu8543

Ай бұрын

@@KKOPPONG Do you know corruptors? I think you don't😂😂. People are greedy in style man. I don't want to elaborate further on that regard. However, even though a donor is earger to solve a particular issue, the institution will come up with its main problems to be solved man.

@KKOPPONG

Ай бұрын

@@dumisamarafu8543 bro why would you watch an entire video giving information you clearly didn’t know before watching it just to dispute the very content of that exact video as if I’m the one laying down the facts? Vabaza clearly stated that some endowments are decided upon the donors to decide where the money goes and the universities can do nothing but comply. What’s hard to understand about that? An endowment is no different to a will. If I state in my will that my wealth will only fund the university costs for my children that won’t change. If my house burns to the ground my children can’t use that money to buy a new house. That’s basic law and that’s basic contracts my guy. I don’t know what’s hard for you to grasp about that. He mentioned Stellenbosch endowment clearly promoting Afrikaans in the university and it’s a fact that Stellies still behaves according to the instructions of the donor even after his death. You don’t want to elaborate because you don’t have any facts you can stand on. Don’t dispute me go tell Vabaza he’s lying then. It’s his video ,his content and his facts. I’m not gonna argue about what he’s saying out of his own mouth based on his own research. The university will come up with it’s own main problems to be solved with money from the state and money from fees, not endowments. Those two things aren’t the same. Universities get more money form fees and government funding than they do endowments and donations. The only reason why endowments end up becoming billions is exactly because the universities don’t have access to spend the money on whatever they want hence the money keeps growing like a savings account. They are spending less than they receive. The whole reason why it’s growing is because it’s not available to be used. What’s hard to understand here man? In endowments there’s donors, accountants, auditors, lawyers. You couldn’t steal or loot that money if you tried. You always hear of corruption with universities and nsfas etc but you’ve never heard of any corruption with endowments BECAUSE THAT DOESNT HAPPEN AMD NEVER HAS….EVER!!! Don’t fight me, fight the facts.

@KKOPPONG

Ай бұрын

@@dumisamarafu8543 bafo this isn’t the ANC here. This is white peoples money. If universities can just use the money as they please then why aren’t they subsidising the students with it? You heard Wits has 5 billion in endowments and it’s just sitting there. How are they corrupt or greedy when the money isn’t moving? Where’s the logic in that? The money is in accounts regulated by external entities. They only get the interest. What’s hard to understand here?

@dumisamarafu8543

Ай бұрын

@@KKOPPONG No hard feelings man. Otherwise I was just sharing my view. As for not knowing the information, it's a cap man. I read alot about investments either traditinal or alternative investments. I know a couple of investments including endowments, foundations, wealth sovereign, etc. I challenge to go and ready the book "The billionaires club of the Stellenbosch mafia. Then I recommend others after having done reading that book.

Well researched video, very informative.

@mooshtaffa

2 ай бұрын

Glad it was helpful!

Not only south africa schooling is big business and they learn nothing nothing more than is standing in books like the bibel they have being learning how to make money.

Good work 🤝🏾

Wow 😯

Wow great effort

Keep up the good work brother 👍nice content

You need to create yours to stand a chance to be in the table that discusses the future.

I just graduated 2 weeks ago our Vice Chancellor (UNISA) said in 2018 their reserves were at R8 billion but today they are at R23 billion , she specifically used the word reserves tho so I don’t want to confuse it with their endowment

@Nique3900

2 ай бұрын

What did you study for?

@mooshtaffa Thank you for always doing in depth research and simplifying the jargon in your delivery. Umsebenzi wakho uyancomeka bhut wam. Ukhule njalo. I'd like to help you reseach the Medical Industry should you decide to look into in the future.

Sorry. But, this is falls outside the role of the university, we should be looking to the government to level the field, not for universities to give up their security. (I get it, one could argue that it is the same thing. Since these are public universities). These endowments help university procure the necessary facilities & give them a negotiating foot stand

Nice content. I subscribed.

dope channel lot of substance

Like how that guy from KPMG killed the cow and stole its milk.

UKZN general fund pool R6,546,004,000 and endowment fund of R582,863,000

The University of Pretoria tried it in 2015 they offered hundreds of thousands of Rands and we rejected it was mainly because it wouldn't sustain low fees for long

I like the ending

Damn 🤔

The wokies misled you

This is sad😢

But a person can be a high achiever and also be underprivileged at the same time. The two are not mutually exclusive.

But you can't control what people want to do with their money, and there's alternatives to success other than going to university, whinning and complaining about what the university does with their endowment money will not solve anything.

Di nwele Halleydavison ya moya, Di bolela le maria Magdelina Modimo wa kagar'a Meetse Motion Jerusalema! ..My..My..my..my

Lol endowments are the funniest thing ever. At UP there's one that with the condition that if your surname is Malan it will pay for your registration fee. Same as Stellies to keep Afrikaans as a medium of instruction hence the fighting to keep the language. If you think university endowments are crazy, wait till you see the highschool endowments. As a black person i can't hate but respect simply because we have had enough powerful blacks from universities like fort hare but dololo endowments there

👍🏾

Go to University

Why are universities with these huge endowments still so expensive as opposed to the “non-traditional” universities?

So why don't they fund poor students? We need a new Government to re-fuck up all these comfort zones

@KAGISOMASEMOLA

2 ай бұрын

It’s not your money bruh

I hope u don't mind but wat video editing software do u use coz everything is put together so clean and beautifully

@mooshtaffa

2 ай бұрын

Adobe Premiere Pro and also check out CapCut desktop version 😉🤞🏾

Recognise Black Matter Media for some of your B-Roll clip inserts…… Black Matter Media was the first to make a short film on the Union Building/Pretoria East march.

Can you do a video about government colleges ?

If all students watch this and share this video so much that everyone sees it and calls for answers

@LM-he7eb

2 ай бұрын

Ooooor, we'll help the universities without funds get funds.

What are endowment funds used for?I doubt it is used for student fees?Is it not used for research amongst other things?I would be very afraid if it was used to pay student fees for students that will not add any value to our country,You shouldn't be funded simply because you ask,As mentioned@the funds also support deserving students.We as South Africans are too entitled...this will be the end of us.

I am doing PhD in a university and i was not given funding but i was told to work on a large project which involves a big dataset from all areas in africa lol

@Honey_the_star

2 ай бұрын

That’s a job. Did they pay you?

Chief stop right there, I've audited 3 universities in the past 5 years, all of them are not cash rich, 2 have land that simply can't sell

Fallist❤

Ahhh.... Mining again. Meaning Mr. Malema is 100% spot on with land and minerals. With acces to our own minerals we can develop as blacks. These people were only empowering themselves

5:00 from a stellies alumni, I can confirm this.

No offense to content creators but there are a lot of complexities involved in running large institutions. When it comes to massive amounts of money, there are sooo mamy intricacies involved when it comes to the terms and conditions including clauses when it comes to these contracrmtual agreements so much so that parties uninvolved n the actual admin and legal scrutiny of such dealings will NEVER truly know the purpose of such dealings apart from their reliance on statistics and official PR narratives and therefore always ultimately skimming off the top of such dealings without ever having a true in-depth understanding the reason of these large monies flowing around. Unfortunately.... And the truth is, the money might belong to the unis, but students have NO right claim to money they think deserves to them

Bonginkosi khanyile

The amount of research and production behind this!🤌🏾🤌🏾🤌🏾🤌🏾