Who is the CEO of Namfisa?

The Namibia Financial Institutions Supervisory Authority (NAMFISA) plays a crucial role in maintaining financial stability and safeguarding the interests of consumers in Namibia’s financial sector. At the helm of this organization is Kenneth S. Matomola, a distinguished leader with extensive experience and academic credentials.

Who is Kenneth S. Matomola?

Kenneth S. Matomola is the current CEO of NAMFISA, the regulatory body overseeing non-banking financial institutions in Namibia. Appointed to this pivotal role, Matomola also serves as the Registrar of Non-Banks Financial Institutions, reflecting his comprehensive expertise in financial oversight.

Kenneth Matomola’s Educational Background

Matomola’s educational journey is marked by achievements that underscore his commitment to continuous learning and excellence. His qualifications include:

  • Bachelor of Commerce (BComm): Obtained from the University of Namibia.
  • Master of Science in Financial Economics (MSc): Earned from the University of London, equipping him with advanced knowledge in economic and financial analysis.
  • Advanced Diploma in Central Banking: Completed at the Institute of Bankers South Africa, enhancing his insights into central banking principles.

In addition to these formal qualifications, Kenneth Matomola has enriched his leadership and management skills through executive programs at:

  • The University of Cape Town.
  • Harvard Business School, one of the world’s most prestigious institutions for business leadership.

What Does Kenneth Matomola Do as CEO of NAMFISA?

As CEO, Kenneth Matomola is responsible for the regulation and supervision of Namibia’s non-banking financial sector. This includes industries such as insurance, pension funds, micro-lending institutions, and capital markets. His role involves ensuring that these institutions comply with laws and regulations to protect consumers and maintain financial stability.

Key priorities under his leadership include:

  • Promoting transparency and accountability in the financial sector.
  • Ensuring fair treatment of consumers.
  • Enhancing NAMFISA’s technological capacity to strengthen regulatory processes.

The Vision of Kenneth Matomola for NAMFISA

Kenneth Matomola’s tenure as CEO reflects a vision of fostering trust and resilience within Namibia’s financial sector. His focus on modernizing regulatory frameworks and integrating global best practices has been instrumental in positioning NAMFISA as a forward-thinking organization.

Through strategic initiatives, Matomola aims to:

  • Boost investor confidence in Namibia’s financial markets.
  • Support sustainable economic growth through effective regulation.
  • Embrace innovation while maintaining stringent oversight.

Why is Kenneth Matomola’s Leadership Important for Namibia?

In a rapidly evolving global economy, financial regulation has become more complex than ever. Kenneth Matomola’s leadership provides NAMFISA with a steady hand to navigate these challenges. His academic expertise, combined with extensive experience in financial oversight, enables him to implement policies that balance innovation and consumer protection.

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Complete Guide to NSFAS Online Loan Application for South African Students (2025)

If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.

This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.

📌 What is NSFAS?

The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.

NSFAS offers both bursaries and income-contingent loans:

  • Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
  • Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.

✅ Who Qualifies for an NSFAS Loan?

To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:

  • Be a South African citizen.
  • Be financially needy, with a household income of less than R350,000 per year.
  • Have a valid South African ID.
  • Be enrolled or accepted to study at a public university or TVET college.
  • Not be funded through another bursary program that covers all expenses.
  • Maintain satisfactory academic progress (returning students).

📚 Courses Funded by NSFAS

NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.

If you’re studying:

  • Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
  • Postgraduate study: You may qualify for a loan, depending on the course and funding availability.

📄 Required Documents for NSFAS Application

When applying, make sure you have the following documents scanned and ready:

  1. Certified copy of your South African ID or Smart Card.
  2. Parent(s) or guardian(s) ID documents.
  3. Proof of income (latest payslips, UIF, or affidavit if unemployed).
  4. Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
  5. Proof of registration or acceptance at a public institution.
  6. Academic transcripts (for continuing or postgraduate students).

🖥️ How to Apply for an NSFAS Loan Online

Step-by-Step NSFAS Online Application Process (2025)

  1. Visit the NSFAS Website

    Go to: https://www.nsfas.org.za

  2. Create an Account

    • Click on “MyNSFAS” and register your profile.
    • You’ll need a valid email address and South African cellphone number.
    • Choose a strong password and verify your account via email or SMS.

  3. Login and Start the Application

    • After registration, log in to your MyNSFAS account.
    • Click on “Apply” to begin a new application.

  4. Fill in Your Personal Details

    • Input your ID number, name, surname, and other details exactly as they appear on your ID.
    • Provide household income information and living arrangements.

  5. Upload Required Documents

    • Upload all supporting documents in PDF or JPEG format.
    • Each document must be clear and under the size limit specified.

  6. Submit Your Application

    • Review your application for accuracy.
    • Click “Submit” and wait for a confirmation message.

  7. Track Your Application

    • Log in regularly to check your application status.
    • You will be notified via SMS and email at each stage of the process.

🗓️ Important NSFAS Dates (2025)

  • Application Opening Date: September 1, 2025
  • Application Deadline: January 31, 2026
  • Appeals Period: February 2026 (if rejected)
  • Disbursement: After registration and approval

Note: Dates are subject to change; always confirm on the official NSFAS website.

💸 What Does the NSFAS Loan Cover?

NSFAS funding typically includes:

  • Tuition fees
  • Registration fees
  • Accommodation (if living away from home)
  • Meals and transport
  • Learning materials (e.g., textbooks)

For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).

🔄 NSFAS Loan Repayment

Repayments are:

  • Income-contingent – you only repay when you can afford to.
  • Administered by DHET (Department of Higher Education and Training).
  • Interest-bearing, but interest rates are low and favorable.

You can also apply for a partial loan conversion to a bursary if you perform well academically.

🔁 How to Appeal a Rejected NSFAS Application

If your application is rejected, you may submit an appeal via your MyNSFAS portal:

  1. Log into your MyNSFAS account.
  2. Click on “Track Funding Progress”.
  3. If rejected, click on “Submit Appeal”.
  4. Upload any missing or corrected documents.
  5. Provide a clear explanation or motivation.

📱 NSFAS Contact Information

📝 Final Tips Before Applying

  • Apply early to avoid system overload near the deadline.
  • Use your own email and cellphone number (do not use someone else’s).
  • Double-check that all your documents are certified and legible.
  • Keep a copy of your submission confirmation for reference.

By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.

 

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