NSFAS Announces Major Change In Leadership



NSFAS has just confirmed another change in its leadership structure. The scheme has agreed to a "mutual termination" of its Chief Financial Officer's contract 



The National Student Financial Aid Scheme (NSFAS) confirmed mutual termination of its Chief Financial Officer, Masile Ramorwesi. The agreement was formally signed on 11 June 2024.

NSFAS plays a crucial role in providing financial aid to eligible students across South Africa, covering expenses such as tuition, accommodation, and learning materials for approved courses at public universities and Technical and Vocational Education and Training (TVET) colleges

Recognising Ramorwesi's extensive institutional knowledge and contributions, NSFAS has ensured his availability until the end of July 2024 to facilitate a smooth transition and provide ongoing support to its financial operations.

NSFAS recognizes that Mr Masile Ramorwesi possesses considerable institutional knowledge that will be required by the scheme. As the basis of this mutual agreement, Mr Ramorwesi remains available until the 31st of July 2024.

Freeman Nomvalo, the NSFAS Administrator, expressed appreciation for Ramorwesi's service and highlighted his significant impact on NSFAS and the broader Post School Education and Training Sector. Nomvalo also extended well wishes for Ramorwesi's future endeavors.

The NSFAS Administrator, Freeman Nomvalo, wishes Mr Ramorwesi well in his future endeavours and is grateful for his contribution to NSFAS and the Post School Education and Training Sector

Ramorwesi's departure marks another pivotal change at NSFAS, amidst recent shifts including the dismissal of the NSFAS board and subsequent appointment of Freeman Nomvalo as Administrator by Minister Blade Nzimande.

These changes followed the resignation of board chair Ernest Khosa, which coincided with allegations—denied by those involved—of impropriety related to a government tender.

Nzimande dismissed the recordings as gossip, calling the accusations reckless and aimed at disrupting the 2024 academic year

Khosa's decision to step down was seen by the NSFAS Board as a proactive measure to uphold corporate governance, transparency, and accountability, emphasising it was not an admission of wrongdoing.

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NSFAS paying allowances

Thousands of students rely on funding from NSFAS to cover essential costs related to their studies including rent. The financial aid scheme has confirmed the payment of allowances. 




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