BOOKMARKS
FINANCIAL INFORMATION*
SOCIAL SERVICES
West and Free State), Mr D Maleka (Acting Director: Financial Planning and Reporting), Ms S Mangubewa (Director: Skills Development Regional Monitoring – Limpopo and Mpumalanga), Ms W Mkhize (Director: Supply Chain Management), Ms L Okuofu (Director: Skills Development Regional Monitoring – Eastern Cape and KwaZulu-Natal), Adv A Sidimela (Director: Legal, Governance, Risk and Compliance), Ms C Smit (Director: Internal Audit), Mr F Strydom (Director: Skills Development Programme Monitoring), Mr A Yam (Acting Director: Fund Management) Communications Officers: Ms K Ngewu (Director: Public Relations and Communication)
FINANCIAL INFORMATION* AUDIT OUTCOME FINANCIAL POSITION Current Assets Non-Current Assets Total Assets Current Liabilities
Total Net Assets
2018/19
2017/18
4 260 760
4 009 554
3 755 753
600 420
505 359
551 016
3 660 340
3 504 195
3 204 737
Total Expenditure
(2 723 188)
(2 615 481)
(7 195 724)
Employee Costs
(81 825)
(70 474)
(59 688)
Total Revenue Exchange Transactions Non-Exchange Transactions
Surplus/(Deficit) for Year
1 537 579
139 039 (3 439 990)
CASH FLOW
2019/20
2018/19
2017/18
Disclaimer
Qualified
Financially Unqualified
R’000
R’000
R’000
9 471 231
8 414 042
7 768 791
1 066 292
863 712
538 319
10 537 523
9 277 754
8 307 110
743 872
1 021 682
1 488 495
Non-Current Liabilities Total Liabilities
2019/20
FINANCIAL PERFORMANCE
-
-
-
743 872
1 021 682
1 488 495
9 793 651
8 256 072
6 818 615
Operating Activities
1 165 380
1 400 543
(3 086 745)
Investing Activities
(1 611 476)
(668 888)
2 486 159
295 163
741 259
9 604
29 541
4 601
27 641
Cash & Equivalents – Year End
UIFW EXPENDITURE** HUMAN RESOURCES
2019/20
2018/19
2017/18
Posts Approved
155
155
129
Posts Filled
117
92
90
FINANCIAL INFORMATION*
2019/20
2018/19
2017/18
AUDIT OUTCOME
Qualified
Qualified
Qualified
NATIONAL STUDENT FINANCIAL AID SCHEME (NSFAS) CONTACT DETAILS PHYSICAL: 2nd Floor, House Vincent, 10 Brodie Road, Wynberg, Cape Town, 7700
POSTAL: Private Bag X1, Plumstead, 7801 TEL: 021 763 3200 / 08000 67327 WEB: www.nsfas.org.za EMAIL: media@nsfas.org.za
OVERVIEW The mission of the National Student Financial Aid Scheme (NSFAS) is to transform NSFAS into an efficient and effective provider of financial aid to students from poor and working class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals. The mission statement is made up of three distinct elements which describe why NSFAS exists, what it does, and the impact on its constituency: NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities; NSFAS identifies eligible students, provides bursaries, and collects student loan repayments to replenish the funds available for future generations of students; and NSFAS supports access to, and success in, higher education and training for students from poor and working class families who would otherwise not be able to afford to study.
FINANCIAL POSITION Current Assets Non-Current Assets
Chairperson: Mr Ernest Khosa Board Members: Ms Jullie Beya, Mr Max Fuzani, Mr Cyril Madiba, Ms Pretty Makukule, Ms Reshma Mathura, Mr Bamanye Matiwane, Ms Lindiwe Matlali, Mr Richard Msweli, Ms Pumela Msweli, Mr Yonke Twani, Mr Sanele Zondi Administrator: Mr Andile Nongogo (NSGAS Executive Administrator) Chief Financial Officer: Mr Itayl Daringo (Acting) Senior Management: Thaaniya Isaacs (Chief Governance, Risk and Compliance Officer), Mr Prakash Mangrey (Risk and Finance Advisor) Communications Officers: Kagisho Mamabolo (General Manager: Corporate Services and Spokesperson), Khaya Xaba (Spokesperson)
R’000
R’000
8 497 470
8 529 157
5 996 711
8 585 924
9 620 816
19 996 807
17 083 394
18 149 973
4 694 559
6 259 801
4 016 840
-
-
-
Total Liabilities
4 694 559
6 259 801
4 016 840
Total Net Assets
15 302 248
10 823 593
14 133 133
35 582 374
23 087 200
15 727 486
35 582 374
23 087 200
1 509 664
-
-
14 217 822
Total Expenditure
(28 456 717)
(26 058 895)
(12 666 943)
Employee Costs
(223 478)
(193 538)
(149 111)
4 478 655 (5 045 952)
3 060 543
Total Assets Current Liabilities Non-Current Liabilities
FINANCIAL PERFORMANCE Total Revenue Exchange Transactions Non-Exchange Transactions
OFFICE BEARERS
R’000 14 000 096
Surplus/(Deficit) for Year
CASH FLOW Operating Activities
1 117 886
(276 768)
Investing Activities
849 586
491 392
520 734
5 854 028
3 886 556
3 671 317
Cash & Equivalents – Year End
UIFW EXPENDITURE**
(746 700)
522 299
3 238 952
-
2019/20
2018/19
2017/18
Posts Approved
444
444
464
Posts Filled
425
436
392
HUMAN RESOURCES
QUALITY COUNCIL FOR TRADES AND OCCUPATIONS (QCTO) CONTACT DETAILS PHYSICAL: 256 Glyn Street, Hatfield, Pretoria, 0083 POSTAL: Private Bag X278, Pretoria, 0001 TEL: 012 003 1800 WEB: www.qcto.org.za EMAIL: info@qcto.org.za
Refer to p9 for more information on sources, methodology and definitions. *Refer to nationalgovernment.co.za for a copy of the full Annual Report. **Total of Unauthorised, Irregular, Fruitless & Wasteful Expenditure.
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