02/10/2026
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The financial pressures often preventing students from registering and completing their university studies could be addressed through a more preventative and sustainable approach to higher education finance, according to Walter Sisulu student Akhanya Mzazi.
Mzazi, a final-year BSc Applied Mathematics student at the Mthatha Campus, presented an innovative financial sustainability framework at the 3rd Business Incubation Web Association (BIWA) Conference, hosted by Walter Sisulu in kuGompo City.
Her research paper, titled βA Unified Ledger-Integrated Risk-Pooling Framework for Student Registration Continuity and Institutional Bad Debt Mitigation,β was presented under the theme βDigital Transformation, AI, FinTech & Digital Platforms.β
Mzazi, from Komani, said household financial shocks can have a profound impact on studentsβ ability to meet university registration requirements, potentially disrupting academic journeys despite studentsβ commitment to their studies.
Her proposed framework seeks to establish a financial mechanism that could help protect students against temporary financial shocks while simultaneously assisting universities to mitigate student-related bad debt.
Central to her argument is a shift in how universities view students within the higher education ecosystem.
βStudents are consumers, customers served by universities. To an extent, there is a sense of them getting taken advantage of. It is about time that a solution benefits not just the university, but the students as well,β she said.
Mzazi said the innovation is intended to move higher education finance away from crisis response towards prevention and protection.
βI hope my innovation shifts higher education finance from reacting after a crisis through loans, crowdfunding and written-off debt, to protecting students. Above all, I want it to prove that social impact and commercial viability can share one sustainable business, and that one bad year due to a particular factor does not have to end a degree,β she said.
She said the next phase of the research could involve collaboration with specialists in actuarial science, higher education and entrepreneurship to test and refine the framework and explore its applicability beyond South Africa.
For Mzazi, innovation begins with recognising real-world problems and developing practical responses to them.
She emphasised that sustainable innovation requires continuous learning, testing and refinement, acknowledging that ideas do not always succeed on their first attempt.
Her presentation at BIWA demonstrated how student-led research can contribute to conversations about financial sustainability, digital innovation and more inclusive approaches to higher education.
By Sisipho Qwenga