Ismail Ally News Today

The National Student Financial Aid Scheme (Nsfas) has blamed universities for a funding disaster that has left thousands of needy students across South Africa without money for food.

The controversial direct payment system has come under fire from students who have complained about excessive transaction charges

Four companies contracted by the National Student Financial Aid Scheme to pay allowances directly into students’ bank accounts are not registered financial service providers and relatively new firms with 'very little proof of experience as fintech companies'.