THE additional funding for the National Student Financial Aid Scheme (Nsfas) would not resolve the crisis facing many poor students, youth leaders said yesterday.
The finance minister announced yesterday the National Treasury would increase allocations made to Nsfas by R1.5 billion from R5.1bn last year to R6.6bn in 2016/17.
"We need to rethink the strategy and there should be an education tax to fund the academically needy," he said.
Makhombothi said the government should look at ways to direct business to ensure citizens benefited from the country's mineral resources, energy and financial sector.
Mkhuleko Hlengwa, IFP MP and leader of its youth brigade, called for an inquiry into Nsfas. He claimed funds were poorly spent and misappropriated.
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- What to Expect From an Amazon Smartphone
- Clinton Sought GOP Support for Health Plan
- Auto Parts Plant Opening in Pa., Jobs on Tap
- Earnings Season Starts Rough for Health Insurers
- Saucedo Mercer Running on Empty in Arizona
- Spring Salmon Return to San Joaquin
- IPO Market Shows Signs of Settling Down to Earth
- Colo. Cleantech Program Calls for Entrepreneurs
- Venture Investments in U.S. Highest Since 2001