Ever Wondered Why University V-Chancellor Earn Millions.
Many v-chancellor in South Africa’s universities are reportedly earning in excess of millions per annum while students protest to see fees scrapped.
The Sunday Times, over the weekend, published a breakdown of what university bosses earn a year.
CEO of Universities SA Professor Ahmed Bawa says there is a huge turnover of v-chancellor currently. Some 13 v-chancellor voluntarily resigned between January 2017; and June 2018 due to the pressures that come with the job.
Bawa says chancellors are running very large sector and complex sectors which are; the size of the of the mining sector in South Africa, in terms of how they contribute to the economy of the country.
He adds that universities in South Africa are; under constant financial pressure while on the other hand have to compete globally to remain on top; therefore, they require individuals with good skills at the healm.