The funds annual budget is just under R50 billion
The National Student Financial Aid Scheme was grilled in Parliament on Wednesday by the portfolio committee for higher education over its ongoing failures on the payment of student allowances.
Last month, NSFAS announced that its CEO Andile Nongogo had taken “a leave of absence” while the board investigated allegations against him related to his conduct in awarding bids at NSFAS. “We are conscious of all the challenges NSFAS is facing. We have seen the protests and read articles in the media. We have constantly received instructions from our shareholders for greater accountability.”
A further 44,561 appeals are dependent on institutions to load academic results and on applicants to upload missing information; the remaining 31,890 are “in progress”. Mandla Shikwambana said at least 1,300 students at Free State University still haven’t received their allowances since March. NSFAS acting CEO Masile Ramorwesi said the fund had received 2.1-million applications from first-time and recurring applicants. Of these 24% were rejected; 2.4% withdrawn; 62% accepted; and 11.6% pending, largely due to missing information from students, third parties, or institutions.
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