New twist in NSFAS, fintech provider debacle

The High Court has reinstated eZaga Holdings as
an NSFAS direct payment provider.

National Student Financial Aid Scheme (NSFAS) student allowances provider eZaga Holdings(eZaga) drew first blood in the legal quarrel with the scheme to get its contract reinstated.

This week, the Western Cape High Court threw eZaga and the other fintech partners

 a lifeline when it interdicted NSFAS from terminating their contract. NSFAS was also ordered not to allow higher learning institutions to pay allowances directly into students’ accounts.

The ruling sees eZaga’s immediate reinstatement as a direct payment provider for universities and Technical and Vocational Education and Training (TVET) institutions.

Full story at IT Web.

By Simnikiwe Mzekandaba,