What price other NSFAS errors?
DEPOSITING R14 million into a student’s account is grossly negligent. The question is: Was this mistake highlighted because it involved such a large sum?
Could it be that smaller amounts go unnoticed? Many will question the procedures and methodology of NSFAS payment in respect of checks and balances.
If this was a technical glitch, then what measures should be taken to remedy this?
If it was human error, will the employees be given training to ensure a similar situation is not repeated?
It seems to be a case of sheer negligence on the part of the employee depositing the money.
What action is going to be instituted against the employee for such negligence? Is he/she suitably qualified and do they have the relevant accounting skills to be in this job?
The recipient of the money squandered R800 000 and has to pay back the money.
It’s a travesty when innocent people suffer because of sheer negligence and incompetence.
What is even more puzzling is that the R14m was in the student’s account for about two months before the error was detected.
Is there no reconciliation statement in terms of payments for the day? Accounting practices seem poor or non-existent for such a colossal error to go undetected for such a long period.
This system is prone to corruption and mismanagement.
With students advocating more funding, every rand needs to be channelled for its intended purpose – to assist the financially challenged.
Proper accounting methods need to be implemented to keep track of all the amounts paid.
The staff need to be properly trained and have the requisite accounting and numeracy skills so that they can execute their tasks confidently.
This must must never be allowed to happen again.