In February 2023, the UDM uncovered significant wasteful expenditure at the National Student Financial Aid Scheme (NSFAS). This revelation came at a time when students were experiencing delays in receiving their payments, and some were being denied access to much-needed funds altogether.
NSFAS had relocated to a new building using a turn-key solution, resulting in a substantial increase in rental costs. The monthly rent reportedly escalated from R500,000 to R1,968,647.05, despite many offices in the new premises remaining unused. This expenditure was deemed wasteful by the UDM.
Furthermore, NSFAS allegedly purchased new furniture for the office space, amounting to millions of rands, instead of utilising existing furniture from their former offices. In light of these findings, the UDM called upon the Hawks and the Special Investigating Unit to conduct a thorough investigation into the matter.
The troubles at NSFAS worsened with the removal of CEO Andile Nongogo in October 2023 due to investigations into alleged irregularities. Following this, in April 2024, Ernest Khosa stepped down as chair of the board amidst accusations and counter-accusations of corruption. The situation at NSFAS deteriorated further when the board was dissolved, and an administrator was appointed shortly thereafter. The blame for the mess should be laid squarely at Minister Blade Nzimande’s door.
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