Home Education Freeman Nomvalo Appointed as NSFAS Administrator

Freeman Nomvalo Appointed as NSFAS Administrator

by centra
0 comment
Freeman Nomvalo Appointed as NSFAS Administrator Amid Board Dissolution

Higher Education, Science and Innovation Minister, Professor Blade Nzimande, has announced the dissolution of the National Student Financial Aid Scheme (NSFAS) Board, placing it under the administration of Freeman Nomvalo.

This development, which surfaced following a meeting between Nzimande and the NSFAS Board, appoints Nomvalo, celebrated for his commitment to good governance and former roles as SA Accountant-General and SAICA CEO, at the helm of attempting to steer the beleaguered entity in a new direction.

NSFAS
NSFAS

The decision, communicated in an evening statement on Thursday by the department, underlines the gravity of the challenges faced by NSFAS, including recurring issues over the non-payment of student allowances. The legal ramifications of this move are set to be detailed in the Government Gazette on Friday.

In an effort to shed light on the complexities that led to such drastic action, the Minister has scheduled a special media briefing for Sunday, 14 April 2024, at 2pm. The briefing aims to articulate the rationale behind the dissolution and outline subsequent measures to address the systemic problems plaguing the funding scheme.

Highlighting the urgent need for intervention, a prior statement from the department voiced Minister Nzimande’s concerns regarding the impact of NSFAS’s shortcomings on students’ well-being and the post-school education and training system’s functionality. “Given the magnitude of this problem and its negative impact on the well-being of students and the continued functioning of our post school education and training system, in the next few days, the Minister will be taking a series of additional and decisive steps, all of which are intended to have the problem of non-payment of allowances resolved as a matter of priority,” the department declared.

As part of the strategic response, a dedicated task team has been commissioned to oversee and troubleshoot NSFAS-related issues across Technical Vocational Education and Training (TVET) colleges and universities.

Despite the hurdles, the department has confirmed the successful disbursement of student allowances and tuition for the 2024 academic cycle as of 15 March 2024, with substantial funds allocated to both TVET college students and university attendees. However, the lack of compliance from some educational institutions regarding the submission of student registration data has been pinpointed as a significant factor contributing to sporadic student protests.

The Organization Undoing Tax Abuse (OUTA) has welcomed his appointment, signalling community trust in his capabilities to navigate the impending challenges.

________________________________________

Central News Weekly Edition 048: Download the latest weekly edition of Central News Print and Digital Newspaper. Article :   “Nkosindiphile Xhakaza elected as new Ekurhuleni Mayor”

Download Here: 

Read our latest publication on magzter:

https://www.magzter.com/ZA/Central-News-Pty-Ltd/Central-News/Newspaper/All-Issues

________________________

Central News also offers Sponsored Editorial Content, Podcasts , Radio / Social Media Simulcast, Video Production , Live Streaming Services, Press Conferences, and Paid Interviews (Video/Audio) etc.

We guarantee exceptional exposure, reach, and engagement, with an excellent return on investment.

Advertisement:

To place your advert on our platforms (Print Newspaper or Digital Platforms) : Please email : sales@centralnews.co.za

For Business Related:
business@centralnews.co.za

Newsroom:
Send your Stories / Media Statements To: newsroom@centralnews.co.za

General Info:
info@centralnews.co.za

Office Administrator:
admin@centralnews.co.za

Whatsapp / Call: 081 495 5487

Website: https://www.centralnews.co.za

Social Media Platforms (@centralnewsza) : Linkedin, Facebook, Tiktok, Twitter, Instagram, Youtube

#centralnewsza #gauteng #ekurhuleni 

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept