Minister of Higher Education and Training, Naledi Pandor has appointed an administrator for the National Student Financial Aid Scheme.
Dr Randall Carollissen has been appointed as the Administrator for a period of one year to take over the governance, management and administration of the entity.
The appointment will be effective from the date of the publication of a notice in the Government Gazette, which will be done early next week.
Dr Carolissen is currently the Group Executive: Revenue Planning, Analysis and Reporting at the South African Revenue Services (SARS). He is also the Chair of the Council of the University of the Witwatersrand.
This comes a week after Pandor, met with the Board of the funding aid scheme following the resignation of its Chairperson.
Department spokesperson Lunga Ngqengelele said following the meeting, the Minister announced that she would be appointing an Administrator to take over the management, governance and administration of NSFAS.
"The Board agreed with the Minister on the need for the appointment of Administrator" Ngqengelele said.
The immediate focus for the Administrator will be to ensure the effective closeout of the 2017 and 2018 student funding decisions and disbursements, as well as to urgently finalise plans for the 2019 funding cycle.
Over the next few months the Administrator will work with universities and TVET colleges to make sure that student funding for the 2019 academic year works smoothly.