Student fund in financial chaos

Die Vryburger

Student fund in financial chaos
Student fund in financial chaos. Photo: Die Vryburger

It is not only Jacob Zuma who can not count, because the National Student Financial Assistance Scheme has wrongly paid more than R500 million to students.

This means students received more money than they should have received.

In addition, approximately R303 million of unauthorized expenses were incurred. The body has now issued loans to the value of R10,3 billion to students who are refundable once studies have been completed or if the student fails to pass.

The auditor general, Kimi Makwetu further found that control measures are not sufficient at the institution.

Read the original article in Afrikaans on Die Vryburger

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