Joint media statement by the National Student Financial Aid Scheme (NSFAS) and the Special Investigating Unit (SIU) on the outcome of the High Court judgment: Ezaga Holdings (Pty) Ltd vs NSFAS and others (Case Number: 9526/2024)
The National Student Financial Aid Scheme (NSFAS) and the Special Investigating Unit (SIU) welcome the decisive judgment delivered by the Western Cape High Court in the matter of eZaga Holdings (Pty) Ltd v NSFAS & Others. We fully respect the Court’s findings and reaffirm our commitment to implementing the judgment in its entirety. This judgment […]
SIU returned over R1,7 billion into NSFAS’s coffers
The Special Investigating Unit (SIU) has returned R1.7 billion to the National Student Financial Aid Scheme (NSFAS)’s purse, which will be allocated to students’ needs at institutions of higher education. This amount is part of the R2 billion that the SIU has so far received from universities, TVET Colleges and unqualified former students. The funds […]
SIU welcomes payout of over R800 million by Wits and UFS
The Special Investigating Unit (SIU) welcomes the payment of R450 million and R438 million made by the University of Witwatersrand (Wits) and the University of the Free State (UFS) respectively to the SIU emanating from the National Student Financial Aid Scheme (NSFAS) investigation. The funds paid by Wits and UFS are unallocated amounts from the […]
SIU to collect over R112 Million from unqualified NSFAS Beneficiaries
The Special Investigating Unit (SIU) has signed Acknowledgement of Debt (AoD) agreements with 421 students who did not qualify to be funded by the National Student Financial Aid Scheme (NSFAS). The total value of these AoDs amounts to R112 174 825,97. The SIU is pleased with the cooperative attitude of parents and unqualified NSFAS beneficiaries […]
Joint Statement: High Court dismisses Ezaga’s bid to stop the implementation of the Werksmans Report on the appointment of NSFAS direct payment service providers
The Western Cape Division of the High Court of South Africa in Cape Town has dismissed, with costs, an application brought by Ezaga Holdings for an interim order to interdict the National Student Financial Aid Scheme (NSFAS) in seeking to take steps in implementing the recommendations of the Werksman’s Report on the appointment of direct […]
University of Pretoria settles R400 million due to NSFAS in unallocated funds
The University of Pretoria (UP) has fully paid R 400 million that is due to the National Student Financial Aid Scheme (NSFAS) in unallocated funds. The money was paid in four instalments of R100 million into the Special Investigating Unit’s (SIU) Trust account, bringing the total number of recoveries to R 937 926 351 received […]
SIU makes further progress in NSFAS investigation with more than R737 million in recoveries
The Special Investigating Unit (SIU) has so far made a recovery totalling R737 926 351. The figure includes R688 220 611.56 in unallocated funds and signed acknowledgement of debt agreements of R49 705 739.60 as part of an investigation into the affairs of the National Student Financial Aid Scheme (NSFAS). The unallocated funds are due […]
TVET College in Free State agrees to pay back unallocated NSFAS grant funding worth R38.8 million
The Special Investigating Unit (SIU) has signed an Acknowledgement of Debt (AoD) agreement with the Motheo TVET College in the Free State relating to the SIU’s National Student Financial Aid Scheme (NSFAS) investigation. The institution has agreed to pay R38 686 477.10 back to NSFAS. The monies paid by Motheo TVET College are unallocated funds […]
SIU welcomes payment of R311 million by UJ to NSFAS
The Special Investigating Unit (SIU) welcomes the payment of R311 million made by the University of Johannesburg (UJ) to the National Student Financial Aid Scheme (NSFAS). The monies paid by UJ are unallocated funds from 2016 to 2021. The unallocated funds are monies that were for students who qualified for funding but either changed institutions […]
SIU preliminary investigations show that more than R5 billion NSFAS funds was possibly assigned to students who did not qualify for funding
The Special Investigating Unit (SIU) has found that more than R5 Billion National Student Financial Aid Scheme (NSFAS) money was possibly allocated to student who did not qualify to be funded by the institution. The SIU was presenting its findings to Parliament’s Standing Committee on Public Accounts (SCOPA) onTuesday, 18 April 2023. The SIU’s investigations […]