NSFAS latest News – The current CEO of the National Student Financial Aid Scheme (Nsfas) has shared details about how the previous administration left him with profound issues to deal with when he inherited the position.

The most prominent of these is the failure of IT systems which were used as loopholes for corruption and maladministration.

This was revealed by SIU’s spokesperson, Kaizer Kganyago. Kganyago had said that the investigation is aimed at allegations of corruption and maladministration of Nsfas, including other affairs in this bursary scheme.

Andile Nongogo, Nsfas CEO speaking in an interview said:

On many occasions when we have appeared before the oversight committees, we’ve actually indicated as part of these assessments that the IT systems were not fit for purpose.

A statement by Nongogo confirms that the bursary scheme is using R43 billion for the 2022 academic year, with the administration budget allocated at R312 million, of which 60% will go towards paying salaries. This means there is not enough money for us to improve our system.

The Namibian Student Financial Aid Scheme (Nsfas) has announced that they will be updating their application cycle. Nogongo, Head of Communications at the Namibian Student Financial Aid Scheme, said in a statement that they believe that these improvements will give rise to more students being awarded bursaries and loans thanks to Nsfas.

There has been lots of student accommodation issues around the country. Nsfas should take action on this as they have a responsibility to ensure that students get basic needs covered while they are at university which include accommodation, food and water.