Financial Aid Strategic Plan

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Themba Mosia Acting Chairperson Signature: NSFAS Strategic Plan for the fiscal years 2015/16 – 2019/20 2 Abbreviations AGSA Auditor-General South Africa CFO Chief Financial Officer CIO Chief Information Officer COO Chief Operations Officer CGICTAS Corporate Governance of Information and Communication Technology Assessment Standards DBE Department of Basic Education DHET Department of Higher Education and Training EO Executive Officer EXMA Executive Management GM General Manager NDP National Development Plan NSDS National Skills Development Strategy NSF National Skills Fund NSFAS National Student Financial Aid Scheme PCHET Portfolio Committee on Higher Education and Training PPPFA Preferential Procurement Policy Framework Act SARS South African Revenue Service SETA Sector Education and Training Authority SMART Specific, Measurable, Achievable, Realistic and Timebound TVET Technical and Vocational Education and Training 3 NSFAS Strategic Plan for the fiscal years 2015/16 – 2019/20 Foreword by the Chairperson This document sets out the Strategic Plan of the National Student Financial Scheme (NSFAS) for the fiscal years 2015/2016 to 2019/2020 in accordance with national imperatives and represents the aspirations of NSFAS to deliver on its mandate.. NSFAS Strategic Plan for the fiscal years 2015/16 – 2019/20 6 In addition to the NSFAS Act, legislation and regulation applicable to NSFAS includes the following: • Basic Conditions of Employment Act, 1997 • Employment Equity Act, 1998 • Education Laws Amendment Acts, 2007, 2011 • Further Education and Training Act, 1998 • Higher Education Act, 1997 • Labour Relations Act, 1995 • National Credit Act, 2005 • National Education Policy Act, 1996 • National Qualifications Framework Act, 2008 • National Environmental Management Act, 1998 amended 2003 • Occupational Health and Safety Act, 1993 • Preferential Procurement Policy Framework Act (PPPFA), 2000 • Promotion of Access to Information Act, 2000 • Promotion of Administrati