Education is one of the major linchpins of economic, social and political development of any nation. Recent evidence suggests that higher education can produce both public and private benefits. Thus, the role of the state in making education policy, and funding education is indeed critical, and cannot be left to be determined by market forces…

The current dominant account of aid to education focuses on schooling and official development assistance and talks in terms of policy work, donor harmonisation and, increasingly, budgetary support. However, this approach is limited in a number of ways. The return of international policy interest in vocational education provides an opportunity to…

A table lists institutions of higher education that have sold all or part of their holdings in companies with operations in South Africa. Most of the institutions that have partially divested use the Sullivan Principles, which set equal-employment standards for U.S. corporations, as a guideline. (MLW)

A former college president and corporate foundation president examines moral and economic issues relating to college withdrawal of investments in South Africa, using the experiences of Harvard University and Exxon stock for illustration. (MSE)

Value for money as one of the principles of quality assurance in education has often been perceived and significantly misconstrued as placing emphasis on financial efficiency. This mechanistic view of "value for money" in South Africa has been given impetus by what Melck (2001) calls managerial practices and what Cele and Menon (2006)…

This monograph contains 14 papers on the role of higher education in the developing world stimulated by discussion of that issue in "Higher Education: The Lessons of Experience" (World Bank, 1994). The first two papers offer background on the World Bank paper: "World Bank Traditions of Support to Higher Education and…

In the Schools Act No. 84 of 1996 school governing bodies are mandated to manage the funds of schools. The Act also provides guidelines for the school governing body and the principal on their roles and responsibilities in managing the finances of the school. However, some members of school governing bodies and principals either have little…