Spending money that isn't rightfully yours could land you in court, says Pasa

The Payments Association of SA (Pasa) has warned that spending money which is not rightfully yours could lead to a law suit.

This comes after a Walter Sisulu University (WSU) apparently spent more than R400 000 of the funds, after National Student Financial Aid Scheme (Nsfas) accidentally deposited R14 million into her account.

Read: WSU makes costly mistake by depositing R14 million into a students account

It's the account-holders responsibility to return the funds, if the funds are not legally or rightfully theirs.

Walter Volker, CEO at Payments Association of SA

Pasa CEO Walter Volker explains that spending money intended for someone else raises both a legal and moral issues.

Also read: WSU blocks student account after R14m error

He says spending and withholding funds that are not yours could result in court action.

Take a listen:


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Hiding inside the 'dark web' - the horrors of child pornography

Hiding inside the 'dark web' - the horrors of child pornography

Expert says says child pornography has the effect of re-abusing the victim because it always exists online.

Thousands expected to march in support of Zuma

Thousands expected to march in support of Zuma

Supporters of the former president are expected to march to the Durban High Court on Friday.

NPA to pursue Zuma prosecution

NPA to pursue Zuma prosecution

NPA boss Shaun Abrahams announced on Friday that the state will reinstate fraud and corruption charges against Jacob Zuma.

[WATCH Bongani Bingwa] Politicians personify low standards and are nonsensical

[WATCH Bongani Bingwa] Politicians personify low standards and are nonsensical

Breakfast show host Bongani Bingwa interrogates the issue of corruption by state officials and questions their competence.

WSU blocks student account after R14m error

WSU blocks student account after R14m error

The University spokesperson says the student is aware that she has to pay the R500k back as it is a loan.

WSU makes costly mistake by depositing R14 million into a students account

WSU makes costly mistake by depositing R14 million into a students account

We understand that this is money the university will need to account for says Kagiso Mamabolo, NSFAS Spokesperson.

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

7 suspects arrested in Joburg heist

7 suspects arrested in Joburg heist

EWN Reporter Barry Batemen says eight people including two bystanders were hurt in the heist.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Blind athlete sues popular winery after guide dog barred entry

Blind athlete sues popular winery after guide dog barred entry

Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

[LISTEN] Is it Yanny or Laurel? Test your ears!

[LISTEN] Is it Yanny or Laurel? Test your ears!

What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.