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Q:Which number must we use to search for suppliers – the CSD number or unique registration number?
The CSD user registration number can be used on the “Am I Registered?” link if you are searching for a specific supplier. Use the Support tool and enter the company registration number, supplier name or company ID to search for a specific supplier.
Q:When a supplier went back to update his details on CSD, he got an “R” number despite already having a MAAA number. Does this mean that, if you add branches, you get a new MAAA number? (On LOGIS suppliers need separate numbers for branches.)
Every time a supplier makes an update to their supplier profile, they should make sure that they submit the changes. If a supplier does not submit the changes, the supplier will have a new RAAA number under his/her supplier records. As soon as it is submitted, only the original MAAA supplier record will remain.
Q:The department has entity numbers, but BAS requires a MAAA number. What must the department do?
BAS makes provision for both, the entity number or the CSD number.
Q: Does the R number have a duration or expiry date?
Not at the moment. Suppliers who have not completed the registration process are informed regularly via email to complete the registration process.
CSD functionality: What can the CSD do? What can’t it do?
Q: Can CSD do payments?
No. The CSD is not a procurement system. It is also not a financial system. It is the master repository of supplier records to be used by procurement and financial systems.
Q:We think there will be heavy load on the CSD since many departments will be using the services. We think the response time will be very slow.
The system has been developed as a web-based solution. Infrastructure has been put in place to allow the system to scale, based on demand.
Q:When we use petty cash, the small stores will not be on CSD. However, they are currently on
LOGIS?
See SCM Instruction note 4A of 2016/2017, 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.
In other words, apply current practice – if using petty cash, suppliers don’t need to be registered on the CSD, as this is a straight purchase and no formal purchase order issued.
Q: What does the search functionality assist with?
The search functionality allows SCM practitioners to easily search for suppliers who can potentially provide specific commodities at specific delivery locations. The search functionality also allows a practitioner to filter suppliers based on “Tax compliance status” and “Local Address.” The results can be used to identify suppliers to source quotations from.
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.