The National Student Financial Aid Scheme (NSFAS) had R153.8-million more cash left than projected at the end of the 2017/18 financial year, it has emerged. Speaking to Parliament's Standing Committee on Appropriations on Tuesday, Treasury’s deputy director general Dr Mampho Modise explained that at an entity like NFSAS, excess cash was not always a good thing - and in this case, it meant there were fewer transfers to students than there should have been.
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