NSFAS UNDER FIRE: OUTA REVEALS LAVISH SPENDING ON OFFICES WHILE STUDENT ACCOMMODATION SUBSIDIES SLASHED
Taxpayers, university students and parents of affected students, you don't want to miss this OUTA investigation! Student protests have erupted across the country in response to NSFAS's announcement of a massive R15 000 cut per student per year to subsidies for student accommodation. This leaves students with only R45 000 per student per year. But what's more concerning is what OUTA uncovered in their investigation - NSFAS is leasing a lavish office building in Cape Town's prestigious Foreshore area, at a staggering cost of R74 000 per employee per year. And that's not all! Three tenders that OUTA identified as potentially irregular have also been brought to the attention of the SIU, who has been investigating NSFAS since August 2022. As a taxpayer, you deserve to know where your hard-earned funds are going, so be sure to check out the full story here.