NSFAS CEO handpicked companies to disburse funds to students, report finds

  • 📰 News24
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

NSFAS CEO handpicked companies to disburse funds to students, report finds

The report found there was a conflict of interest in the appointment of the companies to disburse R47 billion to NSFAS beneficiaries.

However, Nongogo, who has been suspended, has until Monday to give the NSFAS board reasons why his contract should not be terminated for facilitating the maladministration, which led to more than 80 000 students not receiving their allowances on time. Khosa said it was found the four firms were irregularly appointed - and Nongogo played an active role in the flawed process.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines