R54 billion government fund in South Africa must be shut down

• The R54.3 billion National Student Financial Aid Scheme (NSFAS) in South Africa should be shut down due to ongoing funding issues and delays in resolving cases.
• The NSFAS is facing criticism for taking up to five months to complete investigations, affecting over 4,000 students who are awaiting resolution, and has been placed under administration to address the problems.
• The government plans to review the NSFAS Act through a parliamentary legislative review process, which will include a public participation process to examine the underlying issues and potential reforms to the system.