ZAThe Organisation Undoing Tax Abuse (OUTA) has demanded a full investigation into the Insurance Sector Education and Training Authority's (INSETA) student bursary fund, citing concerns over procurement, governance, and financial management. A preliminary review revealed an almost 1,900% increase in the fund's approved budget during the 2024/25 financial year, with R442.78 million approved compared to previous annual budgets of R18.6 million to R20 million. OUTA requested access to the general ledger for project INPROJ000369 to determine how funds were allocated and spent, particularly regarding a reported R70 million advance paid to Mabophe Business Solutions. The organization also highlighted that 879 bursary students remained unpaid in early 2025, leading to issues like eviction and food insecurity. Following the suspension of INSETA CEO Gugu Mkhize, the Higher Education and Training Minister Buti Manamela ordered governance reforms but emphasized the suspension was precautionary. Emergency payments totaling R4.6 million were made to prevent housing losses. OUTA further questioned the procurement process that led to Mabophe Business Solutions' involvement.
Bias read (Center): The article presents findings from an external organization (OUTA) and quotes official responses from the minister and INSETA. While the issue involves public sector accountability and governance, the reporting remains balanced, presenting both the allegations and the official stance without overtly
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