Logo
Carte Blanche

NSFAS: Funding fiasco

Video
10 June
๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿญ๐Ÿต ๐— ๐—ฎ๐˜† ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ. The National Student Financial Aid Scheme, better known as NSFAS, is a vital lifeline for students in need of financial assistance. It is funded by government and manages the billions of rands that are distributed to students to cover their fees, books, accommodation, and even their meals. Now itโ€™s under threat. Years of mismanagement and questionable financial decisions inside the organisation have left hundreds of thousands of students in the lurch. Many of the problems can be traced back to a new payment system that allows service providers to charge high service fees. Carte Blanche examines how proximity to high-ranking NSFAS officials has benefitted one of these service providers. Find more exclusive content on Carte Blanche: The Podcast: https://linktr.ee/carteblanchetv
Related Content
Buffalo City's pricey stoep Image : 16302
Video
Buffalo City's pricey stoep
๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿญ๐Ÿณ ๐— ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ. In the Eastern Cape, thousands suffer from severe malnutrition. Itโ€™s a condition that has led to the deaths of at least seven children in the province, and a crisis that requires significant funding and political will to resolve. But in the Buffalo City Metropolitan Municipality, home to one of the provinceโ€™s biggest cities, the priority seems to be multi-million rand vanity projects that have become a financial drain on the municipalityโ€™s coffers. Despite being cash-strapped, the municipality established a development agency tasked with boosting tourism and economic development; an agency that is now cashing in on major projects funded by the municipality and its ratepayers. In East London, what shouldโ€™ve been a world-class beachfront upgrade has disintegrated into nothing more than a glorified โ€œstoepโ€, while the bill for the Waterworld Fun Park revamp has ballooned to an eye-watering R120 million. Carte Blanche investigates why an entity with a poor track record for delivery is still in business. Find more exclusive content on Carte Blanche: The Podcast: https://linktr.ee/carteblanchetv