Outa sounds alarm over Inseta fund that surged from R20m to R443m
While 879 student beneficiaries reportedly went unpaid for the first five months of 2026.
The Organisation Undoing Tax Abuse (Outa) has blown the whistle on an extraordinary increase in student funding by the Insurance Sector Education and Training Authority (Inseta) that appears to have bypassed normal tender procedures and went to a little-known company – Mabophe Business Solutions.
Inseta set up the Insurance Sector Student Fund (ISSF) to support transformation in the insurance industry by funding student bursaries.
