Lewis Monzon | March 31, 2025
The National Skills Fund, which provides billions to NSFAS, is being investigated by the SIU.
Unit-by-unit, the investigation focuses on suspicion of corruption and mismanagement in the fund, particularly in the way bids are raised.
Transactions of funds at Ekurhuleni West and other TVET colleges are included in the investigation.
The South African Special Investigation Force (SIU) says it has launched an investigation into “corruption allegations and aggravation allegations” in the development of the National Skills Fund, which is usually to fund the Skills Development Initiative in South Africa in the form of scholarships and scholarships.
A significant portion of the company's budget will be paid to the National Student Financial Aid Scheme (NSFAS), the nation's largest public scholarship scheme that funds nearly one million students through higher education.
According to statement From SIU, the National Skills Fund research will focus primarily on “procurement and contracts for the implementation of skills development programs, training projects, and the appointment of agents for implementing the following projects.”
This includes programs such as the centre for education centres. This is allocated to fruitless wasteful spending and many other spendings, such as dual system apprentice pilot projects such as Port Elizabeth Television College, Ingee Television College, and Ecleni West Television College.
“SIU investigates unauthorized, irregular, fruitless or wasted spending by the NSF or department.
Once the investigation gets caught up in suspicion of corruption and wasteful spending by taxpayer funds, the National Skills Fund will become the leading financial operator of the Higher Education and Training Bureau. Planned middle fund This is expected to be worthwhile for government investments to fund hundreds of thousands of students by 2035.
In 2025, I applied for the midterm scholarship scheme, which had a shortfall of around 17,000 people, but this is still in the early stages of implementation.
Unlike NSFA, which only caters to poor and underprivileged individuals, the lacking interim scheme aims to fund research in technically middle-class individuals that do not have the household income to study at university but are sufficient to not meet the NSFAS criteria.
Last year, the National Skills Fund said that R1 billion of taxpayers was paid to the NSFA and funded to missing middle school students. This is not the first time the NSFA has been caught in a rope in an investigation Probable corruption and inappropriate management of funds.
Apart from the fund's investigation, SIU says it will remove transactions across the Ministry of Public Works and Infrastructure.
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