Finance

The Finance Department  plays a critical role in ensuring the institution’s financial sustainability, regulatory compliance, and effective management of public funds. The department is led by Mr. Njabulo Mchunu, who serves as the Deputy Principal: Finance, also referred to as the Chief Financial Officer (CFO). Mr. Mchunu is responsible for the overall financial governance of the College and provides strategic leadership to ensure sound financial planning, budgeting, monitoring, and reporting in accordance with the Public Finance Management Act (PFMA), Treasury regulations, and applicable higher education financial policies.

The Finance Department is tasked with several key responsibilities that include but are not limited to: budget formulation and control, revenue management, expenditure tracking, financial reporting, internal controls, and compliance monitoring. The unit ensures that all income received, whether from government grants, tuition fees, or other sources, is accurately recorded, safeguarded, and used in a manner that supports the College’s strategic objectives. Monthly and annual financial reporting is produced in line with legislative requirements to maintain transparency and accountability.

In addition to traditional financial functions, It also oversees the Supply Chain Management (SCM) division, which reports directly to CFO. This ensures alignment between procurement planning and financial management, enhancing operational efficiency and compliance.