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NSFAS has provisionally funded more than 650 000 projects for 2024

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NSFAS has provisionally funded more than 650 000 projects for 2024

NSFAS has provisionally funded more than 650 000 projects for 2024.Minister of Higher Education, Blade Nzimande, announced the readiness for the 2024 academic year, highlighting significant NSFAS funding, with billions allocated to universities and TVET Colleges.

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Current Funding Status

  • 70% of university students and 90% of TVET College students are funded by NSFAS.
  • NSFAS funding increased from R21.4 million in 1991 to R48 billion in 2023.

2024 Applications and Funding

  • Applications for 2024 NSFAS bursaries are open until January 31, 2024.
  • 1.5 million applications received; 657,703 students provisionally funded.
  • Majority of funded students are Sassa recipients.

NSFAS Consent Form

  • Applicants reminded to submit a consent form for eligibility verification.
  • Sassa beneficiaries exempt from financial eligibility checks.

Outstanding 2023 NSFAS Allowances

  • Thousands of students await 2023 allowances.
  • Nzimande urges swift resolution, emphasizing institutions not to deny registration to students with outstanding payments.
  • Challenges attributed to reconciliations and registration data changes.

Recommendations for 2024

  • Nzimande emphasizes stricter management of registration adjustment process by NSFAS.
  • Institutions urged to submit accurate registration information by March 31, 2024.

Conclusion

NSFAS plays a crucial role in funding higher education, with significant provisions for 2024. Attention to outstanding allowances and improved registration processes are key priorities for the upcoming academic year.

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NSFAS News

South Africa Two New Universities | The Latest Update

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South Africa Two New Universities | The Latest Update

South Africa Two New Universities |The Latest Update. South Africa is poised to tackle its skill shortage head-on with the rapid development of two innovative universities, aiming not only to expand access to higher education but also to tailor programs to meet the demands of the local job market.

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Hammanskraal University | Targeting Crime Prevention

One of the newly proposed universities, Hammanskraal University, is set to play a pivotal role in combating the nation’s crime epidemic by specializing in Police and Crime Detection. Currently, the Department of Higher Education and Training (DHET) is conducting a thorough evaluation of existing expertise within the Hammanskraal police academy to identify areas for enhancement through new faculty appointments.

Additionally, partnerships with established universities offering advanced degrees in relevant fields are being explored to bolster the university’s academic prowess.

Ekurhuleni University of Science and Innovation| Fostering Scientific Advancement

In a bid to address the absence of a major university in Ekurhuleni, the region will soon be home to the Ekurhuleni University of Science and Innovation, dedicated to promoting Science and Innovation. As the planning enters its second phase, critical considerations such as infrastructure development, faculty recruitment, and curriculum design are at the forefront.

This includes meticulous planning for a state-of-the-art campus equipped with modern facilities and technology, as well as strategies to attract and retain top-tier faculty members.

Government Initiatives For Collaboration and Growth

Recognizing the significance of collaboration in nurturing strong academic institutions, the government has outlined several strategies to foster partnerships and streamline transitions for students. This includes collaborating with established universities to lay a solid academic foundation, bridging the gap between vocational training colleges and the new universities, and creating pathways for postgraduate studies.

The exploration of articulation pathways at the postgraduate level signifies a commitment to providing diverse opportunities for academic advancement and specialization.

Conclusion

The development of these two new universities underscores South Africa’s commitment to addressing skill shortages and driving innovation in key sectors. By prioritizing collaboration, strategic planning, and stakeholder engagement, the government aims to ensure the success and sustainability of these institutions for generations to come.

As the implementation phase gains momentum, the prospect of a brighter future for South African higher education looms ever closer.

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