Unisa To Disburse Nsfas Allowances

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As the academic year progresses at tertiary education institutions around the country, students funded by the National Student Financial Aid Scheme (Nsfas) will be eagerly waiting for their money to purchase essentials.


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The University of South Africa (Unisa) has announced that it will be paying allowances from Nsfas directly into the students’ bank accounts.

The announcement was made after the university's three-year agreement with Intellimali had come to an end. The service provider was previously in charge of paying allowances into students’ bank accounts at Unisa.

Unisa said, “Students are therefore requested to ensure that they have active bank accounts. Students will be directed to a platform to capture their banking details. The university is working tirelessly to ensure that allowances are released during this month of April 2022”.

Who is Intellimali?

You may recognise the name Intellimali due to their role in the Nsfas millionaire debacle. The private company erroneously deposited R14 million into a University of Walter Sisulu student's bank account.

Earlier this year, the “Nsfas Millionaire” Sibongile Mani was found guilty of theft. She had spent more than R800 000 of the R14 million deposited into her account. She was sentenced to five years behind bars.

 

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