1. |
1 (a) (i) |
1 (a) (ii) |
1 (b) |
Shifting of earmarked funds (historic debt) |
R1.963 billion |
In the process of being written off. |
|
Disbursements with respect to NOCLAR |
R4.359 billion |
This should be closed out during the 2020/21 financial year, including recoveries. |
|
Disbursements in excess of contract amounts |
NSFAS has applied to the Credit Regulator for a waiver to this legislative requirement. |
||
Other |
R6 million |
The investigation is complete and findings indicate that no was loss incurred but it was rather a compliance matter only. |
.
(2) The key performance areas of the Administrator are:
(3) The Minister of Higher Education, Science and Innovation does not intend to extend the term of office of the Administrator unless conditions dictates otherwise. The process to finalise the appointments of vacant senior executive management posts, including the appointment of the Executive Officer is underway. The terms of reference of the Administrator states that he must ensure a smooth transition between the administration and the new executive staff. The Minister is in the process of initiating the appointment of a new Board in terms of Section 5 of the NSFAS Act 56 of 1999.