The Special Investigating Unit (SIU) is expected to launch an investigation into allegations of corruption and maladministration at the National Student Financial Aid Scheme (NSFAS).
This follows President Cyril Ramaphosa’s signed proclamation giving the SIU authority to probe NSFAS.
The investigation is expected to cover the period between April 2016 and August this year but may also include any period relevant to the investigation.
SIU spokesperson, Kaizer Kganyago, said the investigation will look into two functions of the organisation.
“The first part will look into the management of NSFAS finances. The second part will investigate the allocation of loans, bursaries and any other funding payable to students in terms of the provisions of the National Student Financial Aid Scheme Act, 1999, Act No. 56 of 1999.
“Furthermore, the SIU will also investigate related unauthorized, irregular or fruitless and wasteful expenditure incurred by the NSFAS or the State, including the causes of maladministration,” he said.
Kganyago added that the SIU will also investigate any unlawful or improper conduct by employees or officials of the NSFAS or the service providers in question, their employees or any other person or entity.
The main aim of this probe is to recover monies that may have been lost by the State as a result of any wrongful or fraudulent actions at NSFAS.