{"id":970,"date":"2024-07-23T20:00:55","date_gmt":"2024-07-23T20:00:55","guid":{"rendered":"https:\/\/www.bursariesafrica.co.za\/tvet\/?page_id=970"},"modified":"2026-09-17T08:52:15","modified_gmt":"2026-09-17T08:52:15","slug":"what-is-coinvest-nsfas","status":"publish","type":"page","link":"https:\/\/www.bursariesafrica.co.za\/tvet\/what-is-coinvest-nsfas\/","title":{"rendered":"What is Coinvest NSFAS?"},"content":{"rendered":"\n

Coinvest Africa was one of four companies NSFAS appointed to pay student allowances, alongside eZaga, Noracco and Tenet Technology. That system has ended: since 25 May 2024, TVET students receive allowances directly into their own bank accounts.<\/p>\n\n\n\n

What happened<\/h2>\n\n\n\n
When<\/th>What<\/th><\/tr><\/thead>
Before May 2024<\/td>NSFAS allowances for many students were paid through direct payment service providers, including Coinvest<\/td><\/tr>
25 May 2024<\/td>TVET students started receiving allowances directly into their own bank accounts<\/td><\/tr>
Later court ruling<\/td>The Western Cape High Court found the contracts with the four providers unconstitutional, unlawful and invalid, according to an NSFAS and SIU statement<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The same statement said the providers were not found complicit and would be compensated.<\/p>\n\n\n\n

What students do now<\/h2>\n\n\n\n
    \n
  1. Log in to myNSFAS<\/a>.<\/li>\n\n\n\n
  2. Go to Profile Information, then bank account details.<\/li>\n\n\n\n
  3. Add an active bank account in your own name.<\/li>\n\n\n\n
  4. Do not use old payment provider cards or wallets for NSFAS allowances.<\/li>\n<\/ol>\n\n\n\n
    \n

    Messages asking you to “activate your Coinvest NSFAS wallet” or share a PIN are scams.<\/p>\n<\/blockquote>\n\n\n\n

    See how NSFAS pays allowances now<\/a>.<\/p>\n\n\n\n

    Frequently asked questions<\/h2>\n\n\n
    \n
    \n
    \n

    Is Coinvest still paying NSFAS allowances?<\/h3>\n
    \n\n

    No. TVET students have received allowances directly into their own bank accounts since 25 May 2024.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    Why did NSFAS stop using Coinvest?<\/h3>\n
    \n\n

    A court found the payment provider contracts unlawful, according to an NSFAS and SIU statement.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

    Coinvest Africa was one of four companies NSFAS appointed to pay student allowances, alongside eZaga, Noracco and Tenet Technology. That […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_ba_keyfacts":"","_ba_provider_contact":"","_ba_provider_name":"","_ba_provider_type":"","_ba_provider_cat":"","_ba_writer":"thabo-mokoena","_ba_reviewer":"naledi-khumalo","iawp_total_views":9,"footnotes":""},"class_list":["post-970","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/pages\/970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/comments?post=970"}],"version-history":[{"count":1,"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/pages\/970\/revisions"}],"predecessor-version":[{"id":1738,"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/pages\/970\/revisions\/1738"}],"wp:attachment":[{"href":"https:\/\/www.bursariesafrica.co.za\/tvet\/wp-json\/wp\/v2\/media?parent=970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}