NSFAS rescue plan in tatters, students left high and dry … again

• NSFAS rescue plan has been rejected by the court due to Mathebula's unsuitability for the role, as he faced disciplinary proceedings at SARS and failed to disclose his identity to the board.
• The NSFAS was placed under administration in May 2026, with a disclaimed audit opinion from the Auditor-General of SA highlighting 66 major findings and 115 overdue audit items.
• The court's ruling also overturned the dissolution of the NSFAS board, allowing it to continue functioning with its remaining seven members, who will focus on stabilisation and take 'appropriate action against any wrongdoers'.