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Q:Supplier director details are not on the CSD but on the CIPC registration. How should the department handle this?
Refer suppliers to the CIPC. This is caused by incorrect identity information captured on either the CSD or CIPC system. Ask suppliers to make sure their identity information is correct on the CSD.
Q: Can the CSD pick up if directors of companies are in other companies?
The CSD will pick this up from the CIPC vetting, but it won’t prevent them from registering on the CSD.
Q: Does CSD have functionality to monitor supplier usage across departments?
The CSD is not a procurement system. What the CSD does enable, is standardisation of supplier information to be used in procurement systems.
Suppliers
Q: How do you go about choosing suppliers?
The CSD provides SCM practitioners with access to verified supplier records. Internal policies related to local economic growth, rotation etc. should be used.
Q:We want to search for suppliers but we are not registered on the CSD yet. What do we do in the interim?
Register your organ of state on the CSD. Fill in the System Application Form – go to www.csd.gov.za for the form. When the forms are signed off, send them to business.support@csd.gov.za.
Q:When searching for suppliers, the Treasury must consider that the result does not always show in the same order.
This will be considered for the next release.
Q: Can I still use my own suppliers or systems? What are the repercussions?
You can still use your own suppliers and systems as long as the suppliers are registered on the CSD and supplier records are verified on the CSD on date of award. Please also read Instruction 4A of 2016/2017.
Q:If the price is cheaper elsewhere – can we go to these suppliers directly?
Yes, but the “cheaper” supplier must also be registered on the CSD.
Q: If I cannot find a service provider/supplier on the CSD, what do I do?
Do market research for your commodity. Contact suppliers and ask them to register on the CSD.
Q:There are individuals that are not government employees but are paid using Persal and therefore have a Persal number for purposes of payment. Should such individuals still register on CSD as they will appear as Government employees?
Yes, all suppliers must be registered on the CSD. Although these suppliers will be flagged as government employees, they should declare their interest when submitting proposals.
Q: Are associates’ details needed for registration?
All associate details are required before completing their registration on the CSD.
Q: How do we do business with suppliers in the deep rural areas since they are not on the CSD?
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.