The stock market system, for the most disadvantaged students who wish to continue their higher education, is in turmoil. This organization notably covers the tuition fees and rents of these students, almost a million South Africans at present. But its operation is under fire from criticism.
1 min
With our correspondent in Johannesburg, Claire Bargelès
The board of directors of this stock exchange system was dissolved on Friday and the entire organization placed under government supervision. In a press conference, the Minister of Higher Education recognized the failures of the National Student Financial Support Program, known by the acronym “NSFAS”, incapable of carrying out, according to him, “ some of its most basic responsibilities. »
These failures include: failure to produce an annual report to Parliament, signing questionable contracts with subcontractors, and a lack of response to students. In recent days, several university demonstrations have taken place to denounce payment delays, putting beneficiaries in great difficulty.
Added to this are accusations of corruption, from a civil society organization, which directly affect the minister, Blade Nzimande. Opposition parties have since called for his head. “ I will not resign » he replied, while he is on the ANC lists for the general elections next month.