PURCO SA R4,3 million contribution to TUT financial aid

The Tshwane University of Technology (TUT) Bursary and Scholarship Fund is eagerly awaiting a massive cash injection of R4.3 million from the Purchasing Consortium of Southern Africa (PURCO SA), as their share  of the whopping R59 million total contribution from PURCO SA to Higher Education. This is a major contribution from PURCO SA to the institution’s fund, for all the work they do in the interest of their young ambitious students, contributing towards the educational future of the missing middle students getting financial assistance towards their studies.

Prof Tinyiko Maluleke, Vice Chancellor and Principal, said that “he has a lot of confidence in the PURCO SA concept and for their contribution in assisting the students. Going forward, TUT will remain an active contributing collaborative member of PURCO SA and that he was very pleased with the association and engagement with PURCO SA, having achieved huge savings and efficiencies in the SCM collaboration.”

Purchasing Consortium Southern Africa (PURCO SA) is a non-profit procurement consortium created and governed by all 26 public universities and serving the Higher Education Sector in Southern Africa.

After 44 years of serving Higher Education, in 2022, PURCO SA breached two key milestones – two R2 billion breakthroughs. Both contract spend and cumulative savings and rebates.

For decades, PURCO SA has facilitated collaboration between Southern African institutions of higher learning, negotiated contracts worth billions, encouraged knowledge sharing, and delivered significant cash and efficiency savings to the sector, all contributing to Higher Education.

Mr Selvan Govender, the Chief Executive Officer (CEO) of PURCO SA explained that one of PURCO SA’s objectives is to assist institutions across the country, to save money through its procurement interventions, collaboration, involvement and oversight.

He added that this contribution is part of PURCO SA’s commitment to assist the higher education sector to address the growing need for funding of financially needy and academically deserving students.

The relationship between PURCO SA and the Tshwane University of Technology continues to strengthen year by year. Out of the 66 members, Tshwane University of Technology is one of the biggest spend contributors and the biggest collaborator with all the work they do for their students and their institution. PURCO SA remains committed to Tshwane University of Technology and will participate, in future, exploring other mutually beneficial funding partnerships towards third steam income generation and other collaboration efforts, such as PURQ – a subsidiary of PURCO SA.

PURQ is a leading provider of qualification and enrolment data in South Africa, offering a state of the art online solution.

The TUT Fund, which was launched towards the end of November 2014, is steadily growing and to date has attracted more than 100 individual donors ranging from Council, Executive Management members and staff across the University. One of the primary goals of the fund is to assist in alleviating the annual shortfall in financial aid for students not assisted by the announcement of free education.

The Tshwane University of Technology (TUT) Bursary and Scholarship Fund is eagerly awaiting a massive cash injection of R4.3 million from the Purchasing Consortium of Southern Africa (PURCO SA), as their share  of the whopping R59 million total contribution from PURCO SA to Higher Education. This is a major contribution from PURCO SA to the institution’s fund, for all the work they do in the interest of their young ambitious students, contributing towards the educational future of the missing middle students getting financial assistance towards their studies.

Prof Tinyiko Maluleke, Vice Chancellor and Principal, said that “he has a lot of confidence in the PURCO SA concept and for their contribution in assisting the students. Going forward, TUT will remain an active contributing collaborative member of PURCO SA and that he was very pleased with the association and engagement with PURCO SA, having achieved huge savings and efficiencies in the SCM collaboration.”

Purchasing Consortium Southern Africa (PURCO SA) is a non-profit procurement consortium created and governed by all 26 public universities and serving the Higher Education Sector in Southern Africa.

After 44 years of serving Higher Education, in 2022, PURCO SA breached two key milestones – two R2 billion breakthroughs. Both contract spend and cumulative savings and rebates.

For decades, PURCO SA has facilitated collaboration between Southern African institutions of higher learning, negotiated contracts worth billions, encouraged knowledge sharing, and delivered significant cash and efficiency savings to the sector, all contributing to Higher Education.

Mr Selvan Govender, the Chief Executive Officer (CEO) of PURCO SA explained that one of PURCO SA’s objectives is to assist institutions across the country, to save money through its procurement interventions, collaboration, involvement and oversight.

He added that this contribution is part of PURCO SA’s commitment to assist the higher education sector to address the growing need for funding of financially needy and academically deserving students.

The relationship between PURCO SA and the Tshwane University of Technology continues to strengthen year by year. Out of the 66 members, Tshwane University of Technology is one of the biggest spend contributors and the biggest collaborator with all the work they do for their students and their institution. PURCO SA remains committed to Tshwane University of Technology and will participate, in future, exploring other mutually beneficial funding partnerships towards third steam income generation and other collaboration efforts, such as PURQ – a subsidiary of PURCO SA.

PURQ is a leading provider of qualification and enrolment data in South Africa, offering a state of the art online solution.

The TUT Fund, which was launched towards the end of November 2014, is steadily growing and to date has attracted more than 100 individual donors ranging from Council, Executive Management members and staff across the University. One of the primary goals of the fund is to assist in alleviating the annual shortfall in financial aid for students not assisted by the announcement of free education.