Johannesburg – In a significant legal win, the High Court ruled in favor of eZaga, leading to the company’s immediate reinstatement as a direct payment provider for universities, Technical and Vocational Education and Training (TVET) institutions.
This comes after NSFAS announced the termination of services from all service providers, in response to the corruption allegations, which led NSFAS to take the decision to sever all ties. The National Student Financial Aid Scheme (NSFAS) announced that it will no longer use the services of Coinvest, Ezaga, Naracco, and Tenet to distribute student allowances.
The judgment today allows eZaga to pursue its goal of improving financial inclusion and offering smooth payment experiences for students, institutions, and stakeholders while upholding the highest service and compliance standards.
“We are relieved with the court’s decision to reinstate eZaga as a trusted payment provider for universities and TVETs. This judgement is a testament to our commitment to integrity and excellence. We look forward to continuing our work with educational institutions, providing solutions that enhance financial inclusion and streamline payment processes,” says Saud Ally, CEO of eZaga Holdings.
In its judgment, the High Court recognized that the tender awarded by NSFAS appeared to comply with the requirements of Section 217 of the Constitution. Additionally, the court found that eZaga had established, or at least on the face of it, a right stemming from NSFAS’s unconstitutional actions and should have been given a chance to present its case against the implementation of the Werksmans report’s recommendations. eZaga remains committed to fully cooperating with any legitimate investigation to clear its name.
With this favorable court ruling, eZaga is more determined than ever to continue its efforts to enhance financial inclusion and provide secure, transparent, and efficient payment services.
“We extend our gratitude to our partners, clients and stakeholders for their ongoing support and confidence in us during this challenging time. Together, we look forward to a future of continued growth and positive impact in the education sector,” he says.
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