Waseem Carrim, who served as the acting CEO of the National Student Financial Aid Scheme (NSFAS), has been appointed as the CEO of the Road Accident Fund (RAF). The NSFAS board announced his appointment on Wednesday, acknowledging his significant role in stabilizing and rebuilding the organization over the past 18 months. During his tenure, Carrim worked closely with the board, executive management, and staff to improve NSFAS's performance while maintaining its focus on providing financial aid to qualifying students.
Under Carrim's leadership, NSFAS achieved notable progress, with its performance increasing from a historical average of about 40% of annual targets over the previous five years to 64% during the 2025/26 financial year. The organization also made significant strides in funding decisions, processing appeals, and paying student allowances. Additionally, NSFAS worked to resolve outstanding matters with universities and TVET colleges through its close-out project, further demonstrating Carrim's commitment to strengthening the organization.
The NSFAS board praised Carrim for his leadership, professionalism, and dedication during a period of significant organizational reform and transition. His efforts focused on rebuilding relationships with stakeholders in the post-school education and training sector, filling critical vacancies, and strengthening governance. The board expressed its appreciation for Carrim's contribution, which has laid a solid foundation for the continued strengthening of NSFAS and its ability to serve students effectively.
Carrim's departure from NSFAS comes at a time when the organization continues to provide funding and allowances to thousands of students across South Africa. The NSFAS board assured that the organization would remain fully operational during the transition period. The board plans to communicate transitional arrangements, including interim leadership measures and the process to recruit and appoint a permanent CEO, in due course.
The NSFAS board reaffirmed its commitment to improving governance and organizational performance, ensuring that the organization delivers on its mandate to provide accessible and sustainable student funding for qualifying South Africans. The board wished Carrim well in his new position at the RAF, expressing confidence that he would continue to make a meaningful contribution to the public sector and the people of South Africa.
As Carrim takes on his new role at the RAF, NSFAS is expected to continue its efforts to enhance its services and support students across the country. The organization's progress under Carrim's leadership serves as a testament to his capabilities, and his appointment as RAF CEO is likely to have a positive impact on the fund's operations. The NSFAS board's commitment to strengthening the organization ensures a smooth transition and sets the stage for future success.
The appointment of Waseem Carrim as RAF CEO marks a new chapter in his career, and his experience at NSFAS has prepared him well for the challenges and opportunities that lie ahead. As he assumes his new role, Carrim is expected to bring his expertise and leadership skills to the RAF, contributing to the growth and development of the organization.
Key points
- Waseem Carrim appointed as CEO of Road Accident Fund
- Carrim played a crucial role in stabilizing and rebuilding NSFAS
- NSFAS board is committed to improving governance and organizational performance
