The Special Investigating Unit (SIU) has welcomed the R311 million return payment by the University of Johannesburg (UJ) to the National Student Financial Aid Scheme (NSFAS). The funds returned by the institution were unallocated funds from 2016 to 2021.
This comes after the SIU launched an investigation into the funds that remained in the bank accounts of the universities for a year.
SIU spokesperson Kaizer Kganyago confirmed that UJ returned the money, which brought it up to about R349.3m since the inception of the NSFAS investigation in September 2022.
He said the unallocated funds were…
South Africa Education News