Connect with us

Viewpoint

South African student spends $63000 of $1million mistaken deposit

Published

on

Like
Like Love Haha Wow Sad Angry

A South African Student from Walter Sisulu University gets  R14m (approximately $1million) mistakenly deposited into her Intellicard account. University spokesperson Yonela Tukwayo said the student had reported the incident to the university, but had allegedly spent R500,000 (approximately $63,000)  of it in the past five months.

In a post on Facebook, the student admits receiving the money, and said it has been reversed.

“I am not denying anything, the money was indeed loaded on the 1st of June and reversed on the 13th August .”

She questioned why her short-lived good fortune was made public and felt the Student Representative Council did not have her back.

”As a responsible person and a member of Pasma not just a member but a leader of students I went straight to the SRC to report this matter.” 

NSFAS issued a series of tweets distancing itself from the bonanza pay-out, shifting the blame to IntelliMali, the company that runs the Intellicard system which pays and administers student funds.

In the meantime, Intellicard blocked the student’s account.

Read More Here

Facebook Comments

Like
Like Love Haha Wow Sad Angry
Advertisement
Click to comment

Leave a Reply

%d bloggers like this: