Minister Dr Blade Nzimande dissolves the board with immediate effect, as students threaten national shutdown over non-payment of allowances.
The National Student Financial Aid Scheme board has been dissolved, with chairperson Ernest Khosa also tendering his resignation.
NSFAS has said the non-payment of some student allowances is the result non-compliant TVET colleges and universities, saying they submitted data after the payment file generation. “On Sunday, 14 April 2024, at 14:00, the minister will convene a special media briefing to explain the rationale for dissolving the NSFAS board and the further steps arising from this decision,” reads the brief statement.Khosa’s resignation follows his leave of absence from the entity in January, after OUTA released a report alleging he and Nzimandereceived millions in kickbacks from the fintech partners selected to disburse monthly allowances to tertiary students.
“NSFAS has commenced with the legal process which will lead to the termination of the services of these direct payment service providers. “To date, there has been no official update regarding the termination of the contract based on the findings of the Werksmans report. eZaga has not yet received the report in which the allegations were detailed and the recommendation for cancellation was made.
NSFAS Department Of Higher Education And Training Ernest Khosa Blade Nzimande Ezaga Tenet Technology Noracco Corporation Outa Direct Payment Solution Unpaid Allowances
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