Chairperson, according to note 30 of the Auditor- General's Report, NSFAS has lost R5,3 million to asset managers, who wrongfully invested and subsequently awarded tenders to disburse allowances to the VBS defunct bank. I can share the report with you Deputy Minister if you haven't seen it. It further indicated that there is a rolling irregular expenditure of R7,5 billion, with no consequences for who mismanaged that particular type of money.
Lastly, workers at the NSFAS are defrauding the system because of the poor ICT system. Based on the continuous crisis at NSFAS, would you commit to this House that NSFAS will be completely overhauled by the Ministry with specific plans of ensuring consequence management and that students receive their allowances on time in the 2020 registration period for universities and TVET colleges students moving. If not, why not? Thank you so much.