With this study we explored financial risk management practices in public schools in selected quintile (1, 2 & 3) township schools in the Tshwane South district in Gauteng. The schools involved were previously disadvantaged schools and learners were from the same area as the schools. We adopted a qualitative research approach and thematic…

The Amended National Norms and Standards for School Funding (ANNSSF) policy of 2006 introduced a funding model to address equity in public schooling. Schools are ranked into one of five quintiles of which quintile 1 represents the poorest schools and quintile 5 the most affluent. The ANNSSF policy proposes that the state provide more funding for…

Efficient and equitable use of financial resources has been one of the education policy objectives to achieve quality in education. Subsequently, the achievement of efficient and equitable use of financial resources in schools depends on the principals' understanding of their role in managing financial resources. However, evidence spanning…

The South African Schools Act 84 of 1996 requires school governing bodies (SGBs) to take responsibility for the management of school finances. However, research in this field of study revealed that many SGB members lack the necessary knowledge and financial skills to effectively and efficiently manage schools' finances. This has resulted in more…

This paper investigates the underlying causes of financial mismanagement in public schools and focuses on the perceptions of various role players in the Limpopo Province of South Africa. The various Departments of Basic Education in South Africa allocate funds to schools each year, and expect school principals and school governing bodies to manage…