Chair, our students at higher learning institutions across the country need all the help they can get to obtain their desired qualification. This requires the efficient use of education budget allocations. With allegations of political parties and its members having benefited from the looting of taxpayers' money and the investments of poor people at VBS Mutual Bank, what measures are in place to ensure that students
disbursements to financial institutions are in line with the Public Financial Management Act, PFMA, and directors from National Treasurer, to prevent any future loses to these students via the disbursements. Thank you.
The DEPUTY MINISTER OF HIGHER EDCATION, SCIENCE AND TECHNOLOGY:
Hon member, as I indicated, maybe you may have come in later than the response. It happens to all of us, the best of. Just to repeat that we haven't lost any money to VBS. No student has lost any money. The extent within which the NSFAS process is full proof is shown by the fact that we haven't. There are students - and we will talk to that later on. There are some students who have not received their allocations for instance precisely because some of them have not signed any bursary agreement with NSFAS because ultimately that is what will guarantee every student from receiving any money. But we have in place measures which will guarantee that they are no lossess. We are also taking action as you may have read else where in the media against those who were implicated in wrong doing in the past at NSFAS.
Question 272: