Candidates aspiring for the post of vice-chancellor and principal at the troubled Mangosuthu University of Technology in Umlazi, south of Durban, have until the end of this month to apply for the job.
University caretaker administrator Mashupye Kgaphola said the new vice-chancellor and principal were expected to resume duties by early next year.
Kgaphola has been in charge of the institution after taking over from Professor Jonathan Jansen.
Jansen was appointed as administrator by former education minister Naledi Pandor to root out mismanagement.
In July Jansen handed over to Kgaphola, who continued where he left off, while Jansen went on another trouble-shooting mission at the University of the Free State, which is racked by racial divisions.
Kgaphola said that the appointment process the controversial post as vice-chancellor involved various stages eventually leading to the appointment.
"If the process goes according to plan the newly appointed vice-chancellor will take up suspended vice-chancellor Aaron Ndlovu's post by early 2010," Kgaphola said.
Ndlovu was suspended last year after allegations of fraud, corruption, poor management of funds and lax governance were levelled at him.
Ndlovu, who is considered to be the highest paid vice-chancellor in the country, has been on paid leave since.
An investigation conducted by the Vincent Mampai Commission on the allegations against Ndlovu found him guilty.
A forensic report showed that undisclosed millions of university funds could not be accounted for.
"As far as the suspended vice-chancellor is concerned I should just inform you that he is still going through a disciplinary hearing at the moment," Kgaphola said. "We anticipate that the case will be concluded by October this year."
The advertising of Ndlovu's post is a clear indication that he will not return to the university as vice-chancellor.
"The university council will make a decision as to what action to take against the suspended vice-chancellor once the presiding officer wraps up the case," Kgaphola said.