NATIONAL STUDENT FINANCIAL AID SCHEME (NSFAS)

CALL FOR APPLICATIONS: THREE (3) CO-OPTED NSFAS BOARD MEMBERS

AREA OF EXPERTISE: FINANCIAL MANAGEMENT, GOVERNANCE AND FIDUCIARY OVERSIGHT 

The National Student Financial Aid Scheme (NSFAS) invites applications from suitably qualified and experienced individuals for three (3) positions to be co-opted to the NSFAS Board, in accordance with section 5(1)(b) of the National Student Financial Aid Scheme Act, 1999 (Act 56 of 1999), as amended. 

The co-opted members will contribute specialist expertise to strengthen the Board's fiduciary oversight, financial governance, strategic oversight, risk management, and effective governance of the Scheme. 

REQUIRED EXPERTISE AND QUALIFICATIONS: 

·       A postgraduate qualification in Financial Management, Accounting, Auditing, Finance or a related field, or CA(SA) status; 

·       At least 5 years' relevant senior management, executive or Board-level experience in finance, accounting, auditing, risk management, investment management or a related field; 

·       Demonstrable expertise in public-sector financial management and governance, including knowledge and understanding of the Public Finance Management Act (PFMA) and applicable Treasury Regulations; 

·       A proven track record in financial oversight, risk management, auditing, accounting, investment management and/or organisational governance; 

·       At least 3 years' experience serving on a Board and/or Audit and Risk Committee, Finance Committee; 

·       Knowledge and understanding of the higher education and student funding environment will be an advantage; 

KEY RESPONSIBILITIES:

The successful candidates will be expected to: 

·       Provide strategic oversight and contribute to the effective governance of NSFAS; 

·       Provide specialist financial and fiduciary oversight; 

·       Exercise independent judgement in the best interests of NSFAS; 

·       Oversee and monitor financial, audit, risk and compliance matters within the Board's mandate; 

·       Participate actively in Board and relevant Board Committee (e.g., Audit and Risk, Finance);

APPLICATION REQUIREMENTS: Each application must be accompanied by: 

1.     A comprehensive and up-to-date Curriculum Vitae (CV), clearly demonstrating the applicant's qualifications, experience and relevant governance responsibilities; 

2.     Certified copies of relevant qualifications and Identity Document (ID); 

3.     At least two professional reference letters; and 

4.     A declaration of any actual, potential or perceived conflict of interest, including any business, financial, professional or other interests that may conflict with the responsibilities of a Board member. 

TERM OF OFFICE 

The term of office of a co-opted Board member will be determined by the NSFAS Board in accordance with the NSFAS Act. 

CLOSING DATE: 8 September 2026 

CLOSING TIME: 17h00

SUBMISSION DETAILS: Application packages should be submitted electronically with the subject line "NSFAS Board Application – Co-opted Board Member: Financial Expertise" to: boardnominations@nsfas.org.za

Only shortlisted candidates will be contacted. NSFAS reserves the right to conduct appropriate background checks, qualifications verification, reference checks, and other due diligence as part of the selection process.

The Halyard, 4 Christian Barnard Cape Town City Center, Cape Town, 8000 Private Bag X1, Plumstead, Cape Town, 7801 T: 0800 067 327 E: info@nsfas.org.za W: www.nsfas.org.za

NSFAS BOARD MEMBERS: Adv Lavan Gopaul | Dr Mampiane Johanna Maphutha | Dr Siyanda B Mngadi | Adv Richardt Tlou Ramashia | Ms Ndileka Portia Loyilane | Mr. Siphiwe Welcome Khumalo | Mr Lukhanyo Daweti