The cost of free education

South Africa is currently embroiled in a debate over the cost of education, with students across the country demanding free education. Earlier this week, Blade Nzimande, Minister of Higher Education and Training, announced that universities could increase fees next year, but not by more than 8%. This move was met with strong opposition, as students continued to champion the call for free education. Ronen Aires, CEO of Student Village, joined CNBC Africa to discuss the implications of this ongoing struggle. Aires, who is deeply involved in the student accommodation business, provided valuable insights into the situation. He highlighted the shifting narrative from a 0% fee increase last year to the current demand for zero fees. While acknowledging the students' fervor for free education, he also raised concerns about the sustainability of such a system. Someone will have to bear the cost of free education, and the burden may ultimately fall on various stakeholders. The ongoing protests have created a sense of instability that extends beyond the campuses. Aires pointed out that the disruptions not only impact student life but also pose challenges for businesses that target the student market. The unpredictability of the situation has left many stakeholders on edge, unsure of the long-term implications of the protests. Despite the passion driving the student protests, Aires highlighted a phenomenon he termed 'protest fatigue.' He noted that while students initially engage in active demonstrations, the intensity often wanes over time due to various factors such as impending exams and personal responsibilities. This ebb and flow of protest activity complicates the trajectory of the movement and raises questions about its sustainability. Aires emphasized the importance of exploring structural changes and engaging all relevant parties in meaningful dialogue. He noted that the current protest tactics, often characterized by shutdowns and violence, may not lead to lasting solutions. By fostering collaboration between students, government officials, and business leaders, Aires believes a more constructive path forward can be charted. The conversation also touched upon the role of corporates in addressing the education crisis. Aires mentioned that businesses are increasingly stepping up to provide support through initiatives like internships and bursaries. As the landscape of higher education continues to evolve, corporate entities have a crucial role to play in supporting students and facilitating job placement opportunities. The protests in South Africa have underscored the deep-seated frustrations and aspirations of young people in the country. The demand for free education reflects broader societal expectations and a growing desire for immediate gratification. As the debate rages on, finding a sustainable solution that balances the need for accessible education with financial feasibility remains a pressing challenge. Amidst the uncertainty and unrest, stakeholders across sectors must come together to navigate the complexities of the education landscape. The road to achieving free education in South Africa is fraught with obstacles, but proactive collaboration and strategic planning may offer a way forward.