Lerato Mbhiza
The Congress of South African Trade Unions (COSATU) has called on the government to take urgent action to tackle the fallout from the latest National Student Financial Aid Scheme (NSFAS) controversy.
The federation has called for immediate intervention by the Department of Higher Education and Training, the National Treasury, and the Financial Sector Conduct Authority (the South African financial institutions market conduct regulator) to act against the picture of endless chaos at NSFAS.
Last month, NSFAS introduced a direct payment method which allows them to pay student allowances directly into bank accounts.
The new payment system also allows NSFAS to speed up the defunding of undeserving beneficiaries.
Many students have expressed dissatisfaction with the new payment system, with the anger leading to protests on various university campuses nationwide.
Last week, students from the University of Pretoria, the Tshwane University of Technology, and other universities marched to the Union
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