SA slowly turning tide against rhino poaching, says Barbara Creecy
Local
Party time: University mistakenly deposits R14m into student's account
The matter came to light when the student's receipt with a multimillion rand balance was posted on social media and quickly went viral.
JOHANNESBURG - The Walter Sisulu University has confirmed that it mistakenly deposited R14 million into a student's account - from the National Student Financial Aid Scheme (Nsfas).
The matter came to light when the student's receipt with a multimillion rand balance was posted on social media and quickly went viral.
The university says the deposit was made five months ago and it's investigating why the student did not say anything. She, though says she reported the matter.
Pictures have also surfaced online showing how the woman splurged on at least one party and luxury goods, including a cellphone.
It is understood that she's already spent nearly R400,000.
University spokesperson Yonela Tukwayo says that the deposit was made in error by a company which administers Nsfas funds to student debit cards.
"We are also looking at the Nsfas rules of which the child did sign an agreement to adhere to the rules in terms of how that money should be used. So the student will be liable to repay every cent of the money spent even if it takes 20 years to do so."
LISTEN: Can WSU get back R14m mistakenly deposited into student’s account?
More in Local
-
SA slowly turning tide against rhino poaching, says Barbara Creecy
-
Rand Water working to restore water at Helen Joseph Hospital - health dept
-
Metrobus says strike over, Demawusa vows to continue bus strike
-
Nzimande: Suspended DUT security head was responsible for student safety
-
11 people killed in Limpopo head on collision
-
EC police search for parents of abandoned 3-day-old baby
Comments
EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.
comments powered by DisqusHowever, we will NOT condone the following:
- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.
We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.
We strive to make the EWN community a safe and welcoming space for all.
EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.
Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.
EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.