The National Student Financial Aid Scheme NSFAS says it has released private accommodation payments for university students, bringing relief to thousands of accommodation providers who have faced mounting financial pressure over delayed payments.
In a statement, NSFAS said the payments were released on May 7, with more than R1.1bn paid out during the current quarter to benefit more than 100,000 students.
The scheme said accommodation providers banking with FNB received payments immediately, while those using other banks could experience minor processing delays because of interbank timelines.
