The 21st century has largely been dominated by a society that is driven by information and knowledge. Industrialisation and economic expansion of this century are causing technological transformations all over the world. Today, monodisciplinary dominance in knowledge systems is being supplanted by cross-disciplinary programmes that have broadened intellectual frameworks for the understanding of nature and society. Universities are expected to play a key role in social transformation, breaking the stranglehold of a single disciplinary and intellectual framework that has dominated since the 19th century. Education is a critical factor in the development of society, by bringing technological and economic growth. Optimal growth of society can only be achieved if the status of education in society is improved, allowing for multi-faceted development of its citizens. Higher education is critical for societal aspirations, developmental priorities and societal values, all of which must be assessed, nurtured and refined regularly.