SIU probes cash-strapped NSFAS
The Special Investigative Unit (SIU) is probing allegations of corruption and maladministration at the National Student Financial Aid Scheme (NSFAS).
The probe aims to recover any financial losses suffered by the government through corruption and negligence.
The scheme has been under heavy criticism over the past years for its failure to adequately support qualifying students.
The investigation will probe the management of the fund’s finances, the allocation of loans and bursaries, and any other funding payable to students.
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SIU Spokesperson Kaizer Kganyago says the investigation will cover the period 1 April 2016 to 26 August 2022.
"The SIU will also investigate related unauthorised, irregular, or fruitless, and wasteful expenditures incurred by the NSFAS or the State, including the causes of maladministration.
"The SIU will also investigate any unlawful or improper conduct by employees or officials of the NSFAS or the service providers in question, their employees, or any other person or entity."
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