Zuko Komisa

Treasury to cut tertiary funding by R 13,7 billion for over 87,000 university students.
The National Treasury estimates that funding for higher education will be reduced by roughly R13.7 billion.
Last week, GroundUp revealed that the National Student Financial Aid Scheme (NSFAS) informed lawmakers that the National Treasury’s budget cuts will result in the loss of funding for over 87,000 university students.
Students who depend on government funding for their education report feeling scared, nervous, and worried that should they not be granted funding in 2024, their dreams will come to an end.
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Point of View with Phemelo Motene discusses with NSFAS Spokesperson Ishmael Mnisi how Treasury’s budget cuts will impact those who require financial assistance.
Listen to the full conversation here:
“NSFAS is this year is funding more than 1.1 million students, and in terms of our outlook, we might have to decrease the numbers, provided that we don’t find any additional income within the sector to augment the amount that would have been cut by Treasury. However, our commitment is an increase as far as the allowance is concerned.
“We fund students for their registration fees, tuition, learning material, living allowance, and accommodation. We are not going to reduce the funding for those receiving funding from us. However, we might be able to reduce numbers provided that we don’t find any other money.”
NSFAS Spokesperson Ishmael Mnisi
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