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Q:Integration of existing procurement systems and the CSD are causing OoS not to make payments.
ICT Service providers should be requested to ensure integration as soon as possible. The online CSD interface should be used to verify supplier information prior to awarding any business to suppliers.
Q:Importing of supplier records into existing procurement systems – will this data be uploaded regularly?
There are three ways of using the CSD:
1.Real time data transfer: Accessing the CSD real time via web services to verify supplier information.
2.Batch periodic data file upload: Updates of new suppliers as well as status changes of existing supplier records are available for downloading daily. ICT service providers should ensure that the supplier records are updated on the existing systems daily.
3.Manual capturing of data extracted from CSD to other systems: Supplier records can be obtained from the CSD online search functionality and provided to all OoS at any time from any web browser. Supplier information can then be captured manually on the existing system and the supplier record attached as proof of compliance.
Q: We have an agreement with the CIPC system. Must we continue with that contract?
All existing contracts should be honoured. Where possible, integration should be established. If suppliers provide the same services that the CSD provides, these services should not be renewed.
Q:If we pay a supplier with petty cash, must the supplier be registered on the CSD? Please refer to Instruction Note 4A, issued 25 May 2016, point 3.3: Transactions concluded through petty cash, sundry payments and foreign suppliers with no local registered entity may be concluded even if the supplier is not registered on the CSD.
Q:How would we manage our own supply chain processes in the department if a user is only using one supplier?
The department must manage this.
Q: How do we deal with emergencies in the event that the system is down?
According to SCM Instruction 4 of 2016, departments may issue contracts in the event of emergencies. Suppliers issued such contracts are given 7 days after date of contract issue to register on CSD.
Q:When is the department of Government printers gettingon-board? They are on board already.
Q:Currently we have awarded a contract. Must we disqualify the supplier if we did not put in special conditions that suppliers must be registered on CSD?
No, do not disqualify suppliers. Rather inform suppliers to register on CSD in order to be compliant when making payments.
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.