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06 April 2022 | Story Lacea Loader
NSFAS

The National Student Financial Aid Scheme (NSFAS) confirmed in a circular this week that monies will be paid to universities on 8 April 2022.

This will be the first payment that the University of the Free State (UFS) receives from NSFAS this year, as per the media statement by the Minister of Higher Education, Science and Innovation, Dr Blade Nzimande.

So far this year, the UFS management has made several concessions to students to alleviate their financial pressure while waiting for their NSFAS subsidies to be released.

This week, the university management – through active engagements and input from the Institutional Student Representative Council (ISRC) – agreed on the following process for book and meal allowances to be transferred to students’ bank accounts at the earliest possible opportunity:

  1. As in the past, the services of Fundi will be used to pay the allowances to students.
  2. Fundi will inform the recipients of monies received for them.
  3. After the banking details of students have been validated, monies are transferred to a student’s bank account. Fundi will inform students whose banking details are incorrect to rectify it on the Fundi website.
  4. Students who have not received payments before, will be requested to upload their banking details on the Fundi website, after which payment will be made.

It is anticipated that students whose bank accounts are with Standard Bank will receive notice of the payment of their allowance as soon as Friday, 8 April 2022.

Students banking with other banks will receive their payments subject to the inter-banking money transfer policies of the different banks, but not later than two business days after payment.

What students must do:

  1. Ensure that you upload the correct banking details.
  2. Upload your OWN banking details, not the banking details of friends or family.
  3. Ensure that your cellphone number is correct and active on PeopleSoft.
  4. Respond as quickly as possible to SMSes received from Fundi.

The university management would like to thank the majority of students for their patience during this difficult time while waiting for the NSFAS subsidies to be released.


Released by:
Lacea Loader (Director: Communication and Marketing)
Telephone: +27 51 401 2584 | +27 83 645 2454
Email: news@ufs.ac.za | loaderl@ufs.ac.za

News Archive

UFS hosts the 2017 SAIMS Conference
2017-09-21

Description: SAIMS confrence Tags: SAIMS, Kopano Nokeng, conference, research, Prof Francis Petersen, business, Kovsies, St Dairy, Mushrooms House 

The hosts of the 2017 SAIMS conference:
Dr Jacques Nel
(UFS:Business Management), Prof Francis Petersen
(UFS Rector and Vice-Chancellor),
Dr Werner Vermeulen (HOD of UFS: Business Management),
Dr Habofanwe Koloba (UFS: Business Management),
and Prof Hendri Kroukamp
(UFS: Dean of Economic and Management Sciences).
Photo: Supplied



The University of the Free State’s (UFS) Department of Business Management recently hosted the 29th South African Institute of Management Scientists (SAIMS) conference at Kopano Nokeng in Bloemfontein. This year’s theme, ‘Management Research: Science Serving Practice’ focused on the importance of sharing our results and making it relevant and usable to different communities.

Prof Petersen motivates researchers to become part of the business cycle 
On the first day of the conference, the Rector and Vice-Chancellor of the UFS, Prof Francis Peterson, welcomed 148 delegates from 18 different institutions (academic and professional) to the City of Roses. He motivated them to keep on doing highly scholarly research by being part of the business cycles.

Prof Adré Schreuder, founder of Consulta (Pty) Ltd, was the keynote speaker of the conference. He highlighted four personas needed to further enhance and develop the science-practice alignment in market research and business. “The first skills persona is called a Social Media Maven, which is in line with the rapid growth of social media networks and the growing need for social media analytics. Then there is the Data Synthesiser that supports the growth trend in Big Data and Advanced analytics, which are both driven by technological innovation and the enormous volume of available data. The third one is Marketing Strategist, which has strong representation in brand and advertising research in our industry. Lastly, we have the ‘Business Consultant’ which aligns with the industry trends towards deeper insights and consultative skills required to move beyond mere reporting, but rather getting involved in the design and implementation of recommendations.”

Conference to collaborate academics and business
Dr Werner Vermeulen, SAIMS 2017 Conference Chair, says, “This conference will underpin the need for collaboration and cooperation of individuals from the academic environment and the business world itself.” He says the conference will also provide a wonderful forum to refresh knowledge and explore contemporary trends and future-based business research.
 
Delegates were also given the opportunity to dress up to the carnival theme and were entertained by a fire dancer and magician. They had the honour of indulging in two Kovsie-produced food products, the St Dairy organic cheese and exotic mushrooms by Mushroom House

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