Private sector stepped up social investment: Nxasana
The private sector has stepped up its efforts in terms of serious social investing, National Student Financial Aid Scheme (NSFAS) Chairperson Sizwe Nxasana said on Monday.
Nxasana addressed the annual Serious Social Investing (SSI) Conference which has become a highlight on the business calendar.
The event aims to inspire business leaders and local companies to drive socio-economic transformation in the public and private sectors.
Nxasana said people in the banking sector have committed to improving the efficiency of the student scheme.
"People in the banking business have committed to improving the efficiency...people working for the big banks will be relocating to Cape Town to help run the student fund."
Nxasana also touched on the recent increase in students protests this year, blaming it on the political climate.
"Political parties are now seeing universities as battlegrounds now that it is election year," he said.
Nxasana said he has been working on a new model for NSFAS and he hopes it could be piloted by 2017.
Edited by Gerda de Sousa