Post by Kiwi Frontline on Aug 24, 2018 17:24:37 GMT 12
POOR FINANCIAL HEALTH SEES GOVERNMENT STUMP UP WITH CASH FOR WHITIREIA, UNITEC
The dire state of its books has prompted the Government to dish out $15 million to Porirua-based tertiary educator Whitireia and signal it may be forced to intervene in the way the institution is run.
Education Minister Chris Hipkins announced the decision on Thursday, while also confirming Auckland's Unitec would receive a loan of $50m to help sure up its long-term financial stability....