The National Student Financial Aid Scheme (NSFAS) and its Chief Financial Officer (CFO), Masile Ramorwesi, have agreed to mutually terminate his employment. The official separation took effect on 11 June 2024.
NSFAS provides comprehensive financial aid to deserving students through bursaries, loans, and NSFAS allowances covering living expenses, learning materials, and accommodation. This aid is only provided to students enrolled in approved courses at public universities and Technical and Vocational Education and Training (TVET) colleges in South Africa.
Recognising Ramorwesi's valuable knowledge and contributions to NSFAS, the agreement allows him to remain available until 31 July 2024. This transition period ensures a smooth handover and continued support for NSFAS's 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.
NSFAS Administrator Freeman Nomvalo thanked Ramorwesi for his service, highlighting his significant impact on both NSFAS and the broader education sector.
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
Major Changes at NSFAS
Ramorwesi's departure marks another significant change at NSFAS. This follows the appointment of Administrator Nomvalo after the dismissal of the NSFAS board by Minister Blade Nzimande.
Just before the board's dismissal, Board Chair Ernest Khosa resigned. This happened after the Organisation Undoing Tax Abuse (OUTA) released audio recordings suggesting he, Minister Nzimande, and the South African Communist Party (SACP) received kickbacks from a contract. All parties have denied these allegations.
Minister Nzimande dismissed the recordings as gossip, calling the accusations reckless and intended to disrupt the academic year.
