Kresge Foundation invests R100m in higher education

The Kresge Foundation has announced the renewal of its commitment to South African higher education and expects to invest at least US$15 million (over R100 million) during the next six years.
 That includes a continuation of its partnership with Inyathelo, the South African Institute for Advancement.
Kresge, the American foundation based in Michigan, has made grants in South Africa since 1989.
Between 2005 and 2011, the foundation invested almost $19 million to support South African higher education, focusing on institutional development and advancement.