1 min readBy Partner
Built to Be Handed Over: Inside Profecia’s Plan to Give NSFAS a Fully Functioning National Housing Platform
When the National Student Financial Aid Scheme (NSFAS) told Parliament in 2022 that it had spent roughly R12 billion on student accommodation without a central system to grade properties, verify occupancy or track spending, it exposed a problem that had been building for years: a public entity funding a national accommodation programme it could not fully see.
By PartnerSouth Africa
When the National Student Financial Aid Scheme (NSFAS) told Parliament in 2022 that it had spent roughly R12 billion on student accommodation without a central system to grade properties, verify occupancy or track spending, it exposed a problem that had been building for years: a public entity funding a national accommodation programme it could not fully see.
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About this article
- Length
- 57 words · 1 min read
- Published
- October 14, 2026
- Byline
- Partner
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- MyBroadband