Our latest investigation uncovers troubling questions about the Insurance Sector Student Fund, where an unprecedented budget increase coincided with reports that hundreds of bursary students went unpaid for months.

The investigation examines the dramatic growth in the fund, the appointment of a service provider after a competitive tender was reportedly cancelled, and the governance failures that appear to have left students facing eviction, food insecurity and possible academic exclusion.

At the heart of this investigation are not just financial records. They are the hundreds of students whose education was placed at risk by a system that failed them.

We believe complete transparency is needed to establish how public money was spent, whether procurement processes were followed, and whether every rand reached its intended beneficiaries.

Read the full report here and the statement here.