National Student Financial Aid Scheme Act, 1999 (Act No. 56 OF 1999)
Call for nominations for persons to serve on the National Student Financial Aid Scheme (NSFAS) board
Dr Bonginkosi Emmanuel Nzimande, MP, Minister of Higher Education, Science and Innovation by notice in Government Gazette 43525 dated 15 July 2020 hereby invite the public and interested parties to nominate persons to be considered for appointment to the NSFAS Board. The Board is being constituted in terms of section 5(3) of the NSFAS Act 56 of 1999.
In terms of Section 5 (1)(a)(b) and (c) of the National Student Financial Aid Scheme Act (Act 56 of 1999) the NSFAS Board must consist of 18 members - 13 of which must be appointed by the Minister including the Chairperson, 4 co-opted by the Board and 1, the Executive Officer of the NSFAS. Each member of the NSFAS Board holds office for a period of four years. Allowances will be in accordance with the National Treasury guidelines for remuneration.
The NSFAS is a statutory body established to allocate funds for loans and bursaries to eligible higher education students. The NSFAS develops criteria and conditions in consultation with the Minister for the granting of loans and bursaries to eligible students, raises additional funds, recovers loans, maintains and analyses database and undertakes research for the better utilisation of financial resources. The NSFAS also advises the Minister on matters relating to student financial aid and performs such other functions assigned to it by the Minister.
Please visit www.dhet.gov.za to access the published Government Gazette.
Nominations accompanied by the curriculum vitae of the nominee and a letter of consent indicating the availability of the nominee to serve on the NSFAS Board if appointed, should be forwarded to:
The Director- General: Higher Education and Training (for the attention of Dr D Parker: Deputy Director - General, University Education)
Private Bag X 174