SIU recovers over R700m from tertiary institutions as part of extensive NSFAS probe

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SIU recovers over R700m from tertiary institutions as part of extensive NSFAS probe
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The SIU on Wednesday told parliament’s Standing Committee on Public Accounts that it’s making significant progress in clawing back funds since it started investigating maladministration and corruption at the scheme.

CAPE TOWN - The Special Investigating Unit said it’s already recovered almost R700 million from tertiary institutions as part of an extensive probe into the National Student Financial Aid Scheme .

The SIU on Wednesday told Parliament’s standing committee on public accounts that it’s making significant progress in clawing back funds since it started investigating maladministration and corruption at the scheme. On Tuesday, the University of Mpumalanga paid back R33 million bringing the total amount recovered from institutions so far to R88 million.

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