About us

The Department functions under the management of one director, 4 deputy directors and 10 heads of division.

Through the following divisions the Finance Department provides the full range of financial services to its clients, namely:

Asset and Insurance Management

Maintenance of an assets register, assets movement control and the alienation of redundant items.

Insurance of the fixed and movable assets of UP and concomitant risks.

Budgetary Control

Compiling operational and capital budgets of UP, administration of purchase orders and concomitant budgetary control. Also the compilation of financial statements and reports in respect of contract research projects.

Creditors’ Administration

Administration of invoices issued by suppliers and the payment of creditors.

Debtors’ Administration, Ledger Administration and Reconciliations

Issuing of invoices for services rendered and debt collection.

Debt Collection (Legal processes)

Collection of outstanding tuition fees by employing litigation processes.

Financial administration pertaining to the residences of UP.

Financial Administration of the Student Representative Council (SRC)

Financial administration pertaining to the activities of the Student Representative Council, including the annual Students’ Rag activities

Financial System Administration (Code maintenance)

Financial system management and the maintenance of a code structure in respect of a full set of accounts.

Investment Administration

Management of the investment portfolio of UP, the administration of the operating funds of the Institution and liaison with financial institutions.

Loan Administration (Student loans)

The administration of UP funded student loans.

Salary Administration (Payroll administration)

Payroll administration, including tax matters (PAYE, IRP 5 and allied tax documentation, etc).

Staff budgets

Compilation and administration of the staff budgets of the UP for budgeting purposes.

Student Accounts

Tuition fee administration, including the determination of a fee structure.

Study Finance (Financial Aid Office)

Financial aid to students, including the government sponsored NSFAS bursary/loans, as well as several other financial aid schemes.