Following a multi-million rand student aid blunder at the Walter Sisulu University (WSU), the National Student Financial Aid Scheme (Nsfas) chairman Sizwe Nxasana has assured taxpayers that their money is safe.
Higher Education Minister, Blade Nzimande and Nxasana hosted a group of donors who are assisting in the country's missing middle funding crisis in Johannesburg on Friday.
It was revealed that a student at the WSU university had mistakenly received over R14 million in June from funding administrative company IntelliMali.
EWN reporter Thando Kubheka was at the press briefing. She says the pair met with the donors who play a role in contributing towards the higher education sector and raising funds to invest in education in the country.
Nxasana said the students who want to receive funds from NSFAS will continue receiving it despite the bungle.— Thando Kubheka, EWN reporter
He said the money will be recovered and people will be held responsible especially the company trusted with distributing the funds.— Thando Kubheka, EWN reporter
WSU is also expected to compile and send a report detailing who made the blunder, reports Kubheka. She adds that the Special Investigating Unit (SIU) has been brought in to investigate the matter.
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This article first appeared on 702 : NSFAS's Nxasana assures R14 million lost to student will be recovered