NSFAS reports R7bn irregular expenditure for 2018
According to the National Student Financial Aid Scheme 2018/2019 annual report, the student aid scheme has R7-billion racked up in irregular expenditure, of which R1-billion is to be recovered.
NSFAS is now trying to get the money back as it needs to refund graduates who have been overcharged on their loans.
About R26-million is owed to the graduates.
NSFAS Administrator Dr. Randall Carolissen said the total irregular expenditure for the aid scheme is R7-billion, of which R35-million had been recovered from institutions.
Carolissen said, “we are contacting those students who were overpaid but there we don’t have much hope. Once the money is paid out to people who are not working it’s difficult to recover.”
He stated the system has been stabilized and the necessary financial controls have been put in place to control wasteful and irregular expenditure.
In other news – In pics – Tendai Mtawarira the Beast and his Beautiful wife
Behind every successful husband is a wife: Meet Tendai Mtawarira’s gorgeous wife. Meet Kuziva Makore-Mtawarira the woman behind the man of the moment, rugby star Tendai Mtawarira affectionately known as The Beast.
Kuziva is a Psychology student, entrepreneur, and co-owner of Cuticles Nailbar. According to Tendai, his mother spotted Kuziva Makore singing in church in January 2009, and gave her Tendai’s number. continue reading
Source: eNCA
