Students owe the state half a billion

2014-02-02 21:26
DUT protest (Picture: Supplied)

DUT protest (Picture: Supplied)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The National Student Financial Aid Scheme has enlisted the services of a tracing agent to try to recover the more than R570m it is owed.

Protests swept the University of Johannesburg, the Durban University of Technology, the Mangosuthu University of Technology and the Tshwane University of Technology as students demanded to know why there weren’t funds available for them to register.

This year’s budget for the fund, which expects to help more than 450 000 students in 2014, was set at R9bn, but the protests saw Higher Education and Training Minister Blaze Nzimande increase it by another R1bn on Thursday.

The aid scheme’s chief executive, Msulwa Daca, told City Press the fund had collected about R450m from its debtors last year, but more than R570m was still outstanding. He conceded that it was not easy to trace some former students.

He said they had now enlisted the services of a tracing agency.

Scores of other bad debts had been written off – though Daca was not able to provide a figure, nor to say exactly how many people owe the fund.

He said once students were employed and earning in excess of R30 000 per annum, the fund started deducting money due to it. 

The percentage deducted is based on the annual income of the debtor, it is not the same [across the board].

Nzimande has labelled the fund as one of the ANC’s best success stories of the last two decades.
Read more on:    blade nzimande  |  education

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Amazing solar inventions!

Solar power is lighting up the world, and not just on rooftops anymore.



Prince George the green prince?
One man's $1 million vision for an eco Africa
China's air pollution at doomsday levels
Keep food fresher for longer

Book flights

Compare, Book, Fly


The full moon energy can be quite intense today as your emotions fight against reason. It is important to ground your ideas more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.