Funza Lushaka Bursary Programme
The Funza Lushaka Bursary Programme is a multi-year programme that promotes teaching in public schools. Bursaries are available to enable eligible students to complete a full teaching qualification in an area of national priority. Recipients of the bursary will be required to teach at a public school for the same number of years that they receive the bursary. Qualified recipients of the bursary can apply for appropriate public school positions with the provincial education department (PED) of their choice. The PED concerned will determine whether there is a suitable post available. If there is not, the applicant will be offered employment in a PED that does have suitable vacancies.
The National Student Financial Aid Scheme
NSFAS is a public entity and is governed as such by the NSFAS Act and the Public Finance Management Act (PFMA) and regulated by the PFMA and Treasury Regulations. Chapter Six of the PFMA and Part 9 of the Treasury Regulations include: requirements regarding the responsibilities of accounting authorities of public entities, budgets, annual reports, internal controls, strategic planning, cash management, investment policy and audit committees.