NSFAS yet to table annual report, says concerned parliamentary committee

2019-10-16 18:21
Students from various universities and TVET colleges marched to the NSFAS offices in Cape Town earlier this year. (Kamva Somdyala, News24, file)

Students from various universities and TVET colleges marched to the NSFAS offices in Cape Town earlier this year. (Kamva Somdyala, News24, file)

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

The Portfolio Committee on Higher Education, Science and Technology is concerned that the National Student Financial Aid Scheme (NSFAS) is yet to table its annual report for the 2018/19 financial year.

The deadline for each government department or entity's annual report is the end of September.

"The committee is committed to conducting robust oversight over the entity, as the entity is currently experiencing governance and management challenges as well as data related challenges that delay the disbursement of funds to eligible students," reads a statement from the committee.

"We urge both NSFAS and the Office of the Auditor-General to speed up the process of finalising the outstanding matters relating to the audit of the financial statement of the entity," said committee chairperson Philly Mapulane, according to the statement.

"We will, at our earliest convenience, schedule a meeting to consider and report on the annual report when it is tabled and referred to the committee in terms of the National Assembly Rules 339 and 340 respectively."

The committee also noted with "grave concern" the stagnant audit outcomes of the Higher Education and Training portfolio, particularly the Technical and Vocational Education and Training (TVET) Colleges, and the Sector Education and Training Authorities (SETAs).

The Auditor-General raised concerns with most financial statements that were submitted with material misstatements and also noted a lack of capacity within many of the auditees to submit statements that are free of misstatements.

Furthermore, the committee is also concerned about an increase in irregular expenditure – R1.2bn among the portfolio's entities, of which R1.1 bn was incurred by four entities, Construction SETA, Energy and Water SETA, Media, Information and Communication Technologies and the Services SETA.

"The committee will, in the near future, summon these entities to account to Parliament on irregular expenditure," the statement reads.

- Compiled by Jan Gerber. 

Read more on:    nsfas  |  education
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

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 24.com network.