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WSU: Our systems not to blame for erroneous transfer of R14m to student

The more than R800,000 spent by the student, Sibongile Mani, has been returned to the university by the payment provider, IntelliMali.

A receipt from a grocery store showing a balance on a Walter Sisulu University student's account of more than R13 million. Picture: Supplied.

CAPE TOWN - Walter Sisulu University says it's satisfied there have been no internal breaches in its systems after R14 million in financial aid was erroneously transferred to a student.

Vice Chancellor Rob Midgley says despite the huge reputational damage suffered by the university, no disciplinary action will be taken against the accounting student just yet.

IntelliMali which pays over financial aid to students on the university's behalf has instituted criminal proceedings against her, while forensic investigations are underway.

The university appeared before Parliament's Higher Education committee on Wednesday.

The Walter Sisulu University says it's reviewed its systems and is satisfied that it's not to blame for the erroneous transfer of millions to the student, Sibongile Mani.

The more than R800,000 spent by Mani has been returned to the university by the payment provider, IntelliMali.

Midgley says payments to students and their spending patterns are now being reviewed weekly, rather than monthly.

“We are not suspecting at any stage any rogue behaviour by any of our staff.”

He says the university won't be instituting its own forensic investigation, given that IntelliMali and the police are already probing the incident.

(Edited by Zinhle Nkosi)

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