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Q:National Treasury has transversal contracts running. Are we still required to recognise the existing suppliers? Clarify how we should deal with suppliers with existing contracts but who may have tax issues currently.
Existing supplier contracts must still be recognised. It is important to note that all suppliers who do business with government must be registered on the CSD. Advise suppliers to approach SARS to resolve tax issues.
If a supplier is a government employee
Q:Does the system check if a supplier director is a Public Service employee?Currently, the CSD integrates with Persal. The CSD does not check other organ of state employees who are not on Persal.
Q:If a person is employed by the state, can they still do business and register on the CSD?Yes, if the policies are followed and they have the necessary approvals. Suppliers must ensure that they disclose this as part of their proposal. The CSD only indicates that you are an employee, but does not restrict you from registering. These checks need to be done manually.
Q:Does the CSD allow a supplier to register two companies with all the same details except the name?
No. However, they can capture different branches of the business.
Reports
Q:The reports of suppliers are quite long. The quantity of paper used is challenging. Can NT look at a more summarised report?
We can look into this. However, some companies have many directors, commodities, etc. The best solution is to learn how to interpret the information for your benefit.
Q: Is the interface on CSD real-time?
Data is verified daily from the various accreditation agencies. Any SCM practitioner could request a re-verification of a supplier record. On request, the CSD queries the accreditation agency real- time and provides a status as at that moment.
Integration
Q:How does the integration between BAS, LOGIS, ISS and the CSD work? Is it working? Who does what in the process?
CSD and BAS integration is currently active. Technical teams are working towards CSD integration to LOGIS and ISS.
Q: If we are using Iqual/LOGIS/an in-house system, do we still need to migrate the data?
All other procurement systems must ensure that they carry the verified supplier record provided by the CSD. System integration options are available. The Treasury has published a job aide to assist with this process. You can find these documents on the OCPO website: Buyers Area>Supplier>Documents List. We also have scheduled technical forums to discuss these issues at Sita in Centurion, every Thursday from 10:00 – 12:00. Please contact Lani Coetzee to attend: Lani.Coetzee@accenture.com.
Student Loans in South Africa: How to Apply and What to Expect
For many young South Africans, accessing higher education is a dream that often comes with a financial challenge. Fortunately, several student loan optionsstrong> are available in South Africa to help fund university, college, or TVET studies. Whether you’re looking for a government loan like NSFAS or a private student loan from a bank, understanding the process is essential for success.
What Are Student Loans?
Student loans are a form of financial aid provided to eligible students to help cover tuition fees, books, accommodation, and other study-related expenses. In South Africa, these loans can come from government institutions like NSFAS or private banks such as Nedbank, Standard Bank, FNB, and Absa. Most loans offer repayment flexibility and low-interest options until you graduate.
Types of Student Loans in South Africa
- NSFAS (National Student Financial Aid Scheme): A government-funded loan/grant program for students from low-income households. Covers tuition, housing, transport, and meals.
- Bank Student Loans: Offered by most major banks. These are credit-based and require a guardian or parent as a co-signer.
- Private Loan Providers: Companies like Fundi offer educational loans covering various costs such as school fees, gadgets, and textbooks.
Requirements to Qualify for a Student Loan
Each provider has its own criteria, but most South African student loans require the following:
- Proof of South African citizenship or permanent residency
- Proof of registration or acceptance at a recognised tertiary institution
- Parent or guardian with a stable income to co-sign (for private loans)
- Completed application form with supporting documents (ID, proof of income, academic records)
How to Apply for a Student Loan
To apply for a student loan in South Africa, follow these steps:
- Identify your loan provider: Choose between NSFAS, a bank, or a private lender.
- Gather necessary documents: ID copies, academic transcripts, acceptance letters, and income statements.
- Complete the application form online or at a branch.
- Await approval: Some banks offer instant decisions, while NSFAS can take a few weeks.
- Receive disbursement: Funds are typically paid directly to the institution or your account, depending on the lender.
Loan Amounts and Repayment
The loan amount you can receive depends on your chosen lender and financial need:
- NSFAS: Covers full tuition, residence, books, and a personal allowance. The loan becomes a bursary if you pass all your courses.
- Banks: Can provide up to R120,000 or more annually, depending on tuition costs and credit history.
Repayment usually starts after graduation or once you start earning an income. Bank loans may require interest-only payments during your studies. NSFAS repayment only begins when you earn above a specific income threshold.
FAQs on Student Loans in South Africa
1. Can I apply for a student loan without a parent or guardian?
For government loans like NSFAS, yes. But most banks require a financially responsible co-signer, especially for students without an income.
2. Is NSFAS a loan or a bursary?
NSFAS starts as a loan, but it converts to a bursary if you meet academic performance requirements. This means you may not have to pay it back.
3. What is the interest rate on student loans?
Private banks offer competitive rates between 5% and 12%, depending on the applicant's credit profile. NSFAS charges a much lower interest rate, usually linked to inflation.
4. What happens if I fail my courses?
If you’re funded by NSFAS and fail, your loan won’t convert into a bursary, and you’ll need to repay the full amount. Banks may continue charging interest, and your co-signer may be held liable.
5. Can I use a student loan to pay for accommodation and laptops?
Yes. Both NSFAS and many bank student loans cover costs beyond tuition, including housing, meals, textbooks, and electronic devices like laptops or tablets.
Final Thoughts
Student loans in South Africa offer a much-needed financial lifeline to thousands of students every year. Whether you're applying through **NSFAS** or a private bank, ensure you understand the **terms, interest rates, and repayment conditions** before signing any agreement. Make informed decisions today to secure your academic and financial future tomorrow.