“Its senior managers lacked formal qualifications, engaged in unscrupulous procurement and lacked internal audit independence.” That statement could sum up any ANC-run government department. But while students countrywide rise up as they struggle financially to get through university, that statement applies to the organisation which is supposed to be helping them, the National Student Financial Aid Scheme (Nsfas). According to acting public protector Kholeka Gcaleka, her office is investigating R7 billion in “irregular expenditure” by Nsfas. The investigation had revealed Nsfas allegedly lacked the ability to raise funds and recover loans, lacked the ability to disburse correct amounts and delayed…

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