A South African student Sibongile Mani is currently in trouble after a system error led her into a spending spree. The accountancy student at Walter Sisulu University (WSU), received a payment of R14.1 million (over N388m) – instead of R1‚400 (N38,500) spent about R818‚000 (N22m) between June 1st and August 13th, 2017 when it was reversed. According to TIMES Live, Intellimali, the company that administers financial aid allowances at the school, said it is treating the case as fraud. Intellimali’s CEO Michael Ansell in a statement on Wednesday said: The investigation is ongoing and legal action will be taken against the student. Intellimali is currently in talks with NSFAS (National Students’ Financial Aid Scheme) and WSU to determine the most appropriate action to be taken. While all other students received their usual monthly allocation of R1‚400; she received in error an allocation of R14.1 million. When the error was discovered in early August 2017‚ she ...
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