NSFAS’ decision to cut ties with middleman welcomed

Student leader, Keamogetswe Masike, says he hopes NSFAS’ decision to cut the middleman and start paying students directly is not an electioneering ploy.

Yesterday, the financial aid scheme revealed it had started legal proceedings to cut the contracts of four irregularly appointed direct payment service providers, Ezaga Holdings, Coinvest Africa, Norraco Corporation, and Tenet Technologies.

The move comes months after NSFAS CEO, Andile Nongogo, was fired following allegations of a conflict of interest in awarding contracts to the firms.

NSFAS has assured students that they will get their allowances paid directly to them from September.

The financial aid scheme has also urged students to ensure that the banking details they’ve provided are correct.

“NSFAS is calling upon all students who have already uploaded their personal banking details and have received a notification through the myNSFAS portal indicating that the verification of their details has failed to re-submit their correct banking details on the portal, to avoid further delays in the payment of their May 2024 allowances.”

Masike, who is the current National Coordinator of the South African Students Forum, was expelled as the TUT SRC President last year while fighting against NSFAS.

He has reiterated his call for Higher Education Minister, Blade Nzimande, to resign.

The Organisation Undoing Tax Abuse (OUTA) has also welcomed NSFAS’ decision, saying students will now get their allowances with ease.

OUTA Investigations Manager, Rudie Heyneke, elaborates.

Students are urged to update their banking details and one encounters any issues or require further assistance; they’re advise to contact the NSFAS on 080 006 7327 or send an email to info@nsfas.org.za

NSFAS BENEFICIARIES AT TVETS COLLEGE ARE URGED TO UPLOAD BANKING DETAILS TO RECEIVE ALLOWANCES pic.twitter.com/3TDhhpYKmy

— NSFAS (@myNSFAS) May 27, 2024

Mr Nomvalo announces that the new method of allowance payment that will see NSFAS pay allowances to students directly into accounts with banks of their choices has commenced and students at TEVT colleges will be paid their May allowances this month.#NSFASAllowances #NSFAS2024 pic.twitter.com/8VTdpgKl2N

— NSFAS (@myNSFAS) May 27, 2024