South Africa’s President Jacob Zuma in a statement on Sunday said he has no plans to announce a programme for free higher education until he reviews the report of a commission studying the feasibility of such a programme.
The rand slipped to a one-year low on Friday amid reports Zuma was preparing to introduce free higher education, which would put added pressure on public finances.
Zuma’s office rejected a report by the newspaper Sunday Times that he had planned to announce the 40 billion-rand ($2.79 billion) education plan during his State of the Nation Address last February.
“The President waited for the Commission to conclude its business,” the presidency said in a statement. “At no stage did he plan to make any announcements that would undermine the work of the Commission?