01/10/2026
CUT’s partnership with BANKSETA unlocks opportunities for 253 graduates
CUT has welcomed R13.9 million in historical debt funding from The Banking Sector Education and Training Authority (BANKSETA), supporting 253 graduates whose qualifications had remained out of reach due to outstanding historical debt. The funding supported graduates in Information Technology, Accounting, Internal Auditing and the Advanced Diploma in Applied Management, enabling them to access their qualifications and pursue employment and professional opportunities.
Acting Vice-Chancellor and Principal, Prof. Samson Mashele, described the funding as an investment in the graduates, their families and their future contribution to the economy. “Behind every outstanding balance is a student who has worked hard to complete their studies. There is a family that has made sacrifices. There is a young professional ready to enter the world of work,” said Prof. Mashele. He expressed the university’s gratitude to BANKSETA for the intervention, which has opened a new chapter for graduates who had fulfilled all their academic requirements but were unable to progress due to outstanding financial obligations. “The funding will provide our graduates with an opportunity to move forward, enter the workforce and begin contributing to their families, communities and the broader economy,” he added.
Dr Lefaso Motsoeneng, Senior Manager: Human Resources at BANKSETA, underscored the importance of removing financial barriers that can prevent students from completing their academic journeys. “Historical debt funding provides critical financial support, ensuring that financial barriers do not stand in the way of deserving students. Through strategic partnerships, we can tackle these challenges, expand access and help shape a more inclusive future,” he said.
Dr Motsoeneng reaffirmed BANKSETA’s commitment to supporting deserving young people by creating opportunities that enable them to overcome financial obstacles, step confidently into the professional life and build a brighter future.
Through strategic partnerships such as this, CUT continues to work with key stakeholders to remove financial barriers that stand between graduates and their futures, turning academic achievement into meaningful opportunities and empowering them to build sustainable careers.