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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'.
There has also been an outcry from students over the controversial direct payment system which sparked a march to the Union Buildings
The attack follows a huge outcry from students over the controversial system
The four companies contracted by the National Student Financial Aid Scheme (NSFAS) to pay allowances directly into students’ bank accounts are set to rake in millions of rands from the deal.
The accredited programmes are the Bachelor of Commerce in Financial Accountancy and the Extended Bachelor of Commerce in Financial Accountancy.