This follows revelations of massive financial mismanagement in the funding body.
The Auditor-General (AG) found Nsfas has incurred nearly R60 billion in irregular expenditure between 2019/20 and 2022/23 – a staggering figure that underscores deep-rooted institutional dysfunction.
Thomas Mamogwe, the AG’s Western Cape deputy business unit leader, told the committee during the presentation of Nsfas’ annual report, most of the irregular spending was related to student disbursements and direct payment tenders.
The report was submitted a year late and it has also not submitted its 2023/24 financial statements.
Letsie pulled no punches in describing the human cost of Nsfas’ failures.
“Students’ lives were destroyed,” he emphasised.
He then starkly outlined the desperate choices students face when financial support fails:
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Denne historien er fra December 06, 2024-utgaven av The Citizen.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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City can regain focus in Italy
There's a spicy brew on the boil for TAB soccer customers with UEFA and CAF Champions League games, plus a raft of big-gun league matches included in TAB soccer pools - and TAB is pumping in over R700,000 into five bets in added-cash bonuses and a carryover.
Lui looks to close gap on leaders
Francis Lui went a long way to boosting his trainers' championship defence with a four-timer at Sha Tin on Sunday and the affable horseman takes a team of three to Happy Valley today as he aims to keep the ball rolling.
Candice, set for a double
Candice Bass-Robinson may be going into this year's Cape summer season without her star colt Charles Dickens, but the stable looks to have some very decent stock in the yard and they should be in for a bounty of winners over the next few months.
Cocomelon looks ready to notch a second win
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Hilux rejuvenated
48V: ELECTRICAL ASSISTANCE TRANSFORMS BAKKIE
Ideal Chery for every occasion
TIGGO 7 PRO: ROAD TRIP TO COAST THE ULTIMATE TEST
Jetour X70 Plus value for money
DRIVE: TRANSLATORS, ENGINEERS MUST FINE TUNE STUFF
Ford backs Dark Horse
MUSTANG: SHARPEST AND MOST AGILE PRODUCTION VERSION EVER MADE
A JACK OF ALL TRADES
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Have Blitzboks turned corner?
A strong start to the 2024-25 Sevens World Series has raised hopes that the Blitzboks have turned the corner after a difficult couple of years, but it could very well be a false dawn as has been the case in previous seasons.
