Govt to terminate R2m Nsfas rental agreement
Higher Education Minister Nobuhle Nkabane said government is terminating the rental agreement for the Nsfas offices in Cape Town.
The student finance scheme is paying some R2 million per month in rent.
The National Student Financial Aid Scheme has recently come under fire in Parliament for signing the lease agreement.
Nkabane said they want Nsfas offices to be de-centralised and not only be based in Cape Town.
"We visited the offices, we visited our old offices, but when we looked at the old offices, what we picked up is that it doesn't have capacity to take all our employees that we have in Cape Town in our head office.
"The plan is to decentralise. We are going to decentralise, we are going to establish regional offices in three provinces, which is the Eastern Cape, Gauteng and KwaZulu-Natal.
"Then we see how best can we then come up with satellite offices in other provinces,” the minister explained.
"We are in plans to actually terminate the contract that we have with the landlord in our Cape Town offices, because it doesn't make any business sense anyway.”
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