Johannesburg –The National Education, Health and Allied Workers’ Union (Nehawu) has welcomed the resignation of board chairman of the National Student Financial Aid Scheme (NSFAS) Sizwe Nxasana, saying it was opposed to his appointment three years ago.
Nxasana announced his resignation on Thursday, amidst increasing calls for him to step down.
Nehawu said it had been proven right in its stance against the former banking executive, accusing him of trying to increase state funding into NSFAS in order to establish an alternative student funding scheme called Ikusasa Student Funding Programme (ISFAP).
"The ISFAP is an initiative of Nxasana meant to swallow NSFAS through a partnership with South African leading banks, namely Absa and Standard Bank," it said, charging that Nxasana never had any intention of fixing the struggling NSFAS.
"He did not even fundraise a single cent but operated with the funds from the department of higher education and training," it said.