By Alicia Mmashakana
The National Student Financial Aid Scheme (NSFAS) has revealed that Waseem Carrim will serve as its acting CEO, starting immediately.
NSFAS board chairperson Karen Stander said that with his proven track record at the National Youth Development Agency, he came well prepared to lead NSFAS during its transitional period.
She said the board was confident that Carrim would provide the stability and leadership needed to initiate the transition of NSFAS towards becoming an international best practice benchmark in student funding.
The appointment follows the conclusion of the term served by the administrator Freeman Nomvalo.
Carrim is presently the CFO of the scheme and has previously held the positions of CFO and CEO at the NYDA where he guided the agency to achieve nine consecutive clean audit reports and increased the organisation’s budget from R400 million to R1.5 billion.
He is a Chartered Accountant by profession and holds two master’s degrees. He is a member of the board of the Small Enterprise Finance Development Agency and the Unisa Enterprise.
In addition to overseeing day-to-day operations, Carrim will work closely with the board to develop a strategic vision for the future of NSFAS.
“His deep understanding of state-owned enterprise (SOE) operations, combined with a commitment to fostering innovation and growth, and a passion for youth development that is evident in everything he does, makes him the appropriate choice for this role. A role that requires the ability to turn around a fund, which he has demonstrated at the NYDA,” Stander said.
She said Carrim would ensure that the scheme provided outstanding value to all of its stakeholders and students.
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