Speaking at the cheque handing ceremony, Selvan Govender, the Chief Executive Officer of PURCO SA said Purco, a university owned organisation, last year managed a collaborative spend of R1.36 billion, saving universities across the country an estimated R119 million through its procurement interventions and involvement.
“PURCO SA supports the capacity development of procurement offices of all universities. We invest a lot of funding in the training and development of procurement officers and staff at our universities, as well on supplier and enterprise development,” he added.
The Chairperson of PURCO SA, Chris Liebenberg explained that PURCO SA is expanding its services with some TVET’s becoming members of PURCO SA. “We are also exploring innovative ways of bringing in 3rd stream income, with various such initiatives in progress in collaboration with the membership,” he said.
“PURCO SA remains committed to TUT and will participate in future discussions with the CFO and the Advancement and Partnerships Office to explore other mutually beneficial funding partnerships,” he added.
The Vice Chancellor and Principal, Prof Lourens van Staden, said that he has a lot of confidence in the PURCO SA concept. He thanked PURCO SA for their contribution in assisting the students and that going forward the University will remain an active contributing collaborative member of PURCO SA; whilst Mari Booysen, Director of Advancement and Partnerships Office congratulated Purco and expressed TUT’s sincere appreciation for their contribution to the Fund.
The TUT Bursary and Scholarship Fund, that was launched towards the end of November 2014, is steadily growing and to date has attracted more than 60 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.
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