• About
  • Advertise
  • Privacy & Policy
  • Contact
Our Latest E-Edition
Globe Post
  • News
    • Local
    • National
    • World
  • Crime
  • Entertainment
  • Business
  • Sport
  • Politics
  • Health
Tuesday, May 26, 2026
No Result
View All Result
  • News
    • Local
    • National
    • World
  • Crime
  • Entertainment
  • Business
  • Sport
  • Politics
  • Health
No Result
View All Result
Globe Post
No Result
View All Result
Home National

NSFAS placed under administration in bid to restore “stability”

by Viki Stuurman
May 6, 2026
in National
0
NSFAS placed under administration in bid to restore “stability”
544
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter

The Minister of Higher Education and Training, Buti Manamela, has placed the National Student Financial Aid Scheme (NSFAS) under administration, citing serious governance, financial, and operational challenges affecting the institution.

Announcing the decision during a media briefing on Monday, 4 May, Manamela said the intervention was necessary to restore stability and safeguard both students and public funds.

“NSFAS is one of the most important public institutions in our democratic project. For many families, NSFAS is not an abstract institution – it is the difference between exclusion and opportunity, between hope and despair,” he said.

The Minister confirmed that Professor Hlengani Mathebula has been appointed as administrator, tasked with leading the institution through a period of recovery and reform.

“After careful consideration of the legal, governance, financial and operational circumstances affecting NSFAS, and acting in terms of sections 17A to 17D of the National Student Financial Aid Scheme Act, 1999, I have taken the decision to place NSFAS under administration and appoint an administrator. This decision was not taken lightly. It follows a long process of engagement, legal assessment, governance intervention, and consideration of alternatives,” Manamela said.

The administrator’s mandate will focus on restoring governance, strengthening financial controls, addressing audit findings, and stabilising student funding operations. Despite the intervention, Manamela assured students and institutions that services will continue without disruption.

“Student funding will continue. Allowances will continue. Appeals processes will continue. The purpose of this intervention is precisely to protect continuity and restore confidence,” he said.

He further stressed that the decision was not politically motivated, but aimed at safeguarding a critical public institution.

“This intervention is not about personalities. It is not about factions. It is about protecting students, stabilising a critical public institution, restoring accountability, and ensuring that NSFAS performs its mandate effectively and lawfully,” Manamela said.

Tags: Buti ManamelaNSFASUnder administration
Share218Tweet136
Viki Stuurman

Viki Stuurman

Viki Stuurman is a two-time Journalism and Media Studies graduate with an Honours degree in Journalism and Media Studies. With over two years of experience working as a field journalist, I have developed strong skills in reporting, storytelling, and wonderful interviewing tactics. My passion lies in producing accurate, impactful, and insightful news stories that informs, educates and empowers the public.

  • Trending
  • Comments
  • Latest
City shuts down illegal funeral undertaker in Ennerdale

City shuts down illegal funeral undertaker in Ennerdale

May 15, 2026
Heavy rains affect graves at Joburg cemeteries

Heavy rains affect graves at Joburg cemeteries

May 8, 2026
City raids Maharaj Centre in Lenasia South over illegal basement businesses

City raids Maharaj Centre in Lenasia South over illegal basement businesses

May 15, 2026
SASSA disability grant applicants urged to use clinics for medical forms

SASSA disability grant applicants urged to use clinics for medical forms

0
How one bag of glass can change your day

How one bag of glass can change your day

0
Joburg CBD lockdown during Marble Towers operation

Joburg CBD lockdown during Marble Towers operation

0
SASSA disability grant applicants urged to use clinics for medical forms

SASSA disability grant applicants urged to use clinics for medical forms

May 21, 2026
How one bag of glass can change your day

How one bag of glass can change your day

May 19, 2026
Joburg CBD lockdown during Marble Towers operation

Joburg CBD lockdown during Marble Towers operation

May 19, 2026
May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Apr    

Categories

  • Business
  • Crime
  • Current Issues
  • Entertainment
  • Environment
  • Health
  • Local
  • National
  • Opinion
  • Politics
  • Sport
  • Uncategorized
  • World

We tell honest grassroot stories that
heal & uplift the lives of 3M+ people in our communies

128 Starling Rd, Lenasia South, Johannesburg, 1829

+27 11 850 1160

+27 10 230 0038

Pages

  • About Us
  • Crime and Safety
  • Entertainment
  • Sports
  • Politics

Advertising

  • Advertise on our platforms
  • Privacy Policies
  • Classifieds
  • FAQ

Newsletter

Subscribe to our Newsletter to be updated. We promise not to spam.

Subscribe

Copyright © 1992 Globe Post. All Rights Reserved

No Result
View All Result
  • News
    • Local
    • National
    • World
  • Crime
  • Entertainment
  • Business
  • Sport
  • Politics
  • Health

Copyright © 2017 JNews.