The Walter Sisulu University student who received a R14,1 million National Student Financial Aid Scheme (NSFAS) payment bonanza and spent a portion of it, faces legal action, said IntelliMali, the company which facilitates student payments.
“Suspicions grew after a receipt from Spar was leaked showing a balance of just over R13.6-million”.
Operators of the IntelliCard, Intellimali, are responsible for administering payments to students and have accepted responsibility for the error.
Intellimali, the service provider hired by the university to pay students, was supposed to deposit R1 410 into her account but instead put in extra zeroes, making her an instant millionaire.
There are claims Mani reported the matter to the SRC, but no action was taken.
A spokesperson from the student’s place of study, Walter Sisulu University, said that she had been spending the money on a “lavish lifestyle”.
“It’s hard, very difficult but I will get through [it]”, said Mani, who had allegedly spent more than R800,000 after an administrative error saw her receive R14-million for food and book allowances.
“IOL published the post by the university student, in which she says: “(They) allocated more money in a wrong account and that account happened to be mine.
“They are not in power and we are the ruling student movement, so we didn’t understand how come they held such extravagant parties”. Officials said on Wednesday that the $145 that were supposed to be sent to the student are a monthly food allowance.
But her rivals in the SA Students Congress grew suspicious after Mani underwent a transformation.
The company had deactivated her allowance and a “complex, highly technical and time-consuming” investigation was underway.
WSU spokeswoman Yonela Tukwayo said they were expecting a full report tomorrow from Intellimali.
A South African university is investigating how a student was mistakenly given a 14m rand ($1m; £770,000) loan. “In addition‚ no student’s financial aid support will be affected in any way”.
He could not confirm that a new Facebook page set up in Mani’s name was authentic but some of the posts on that page indicated that the woman was afraid about how the money would be paid back.
Nsfas spokesperson Kagisho Mamabolo said that had never happened before.
WSU has 30500 registered students, of whom 18144 are funded by NSFAS.