31 Aug '17, 5am

Student goes on shopping spree after $1.4m was mistakenly transferred to account

JOHANNESBURG - A South African university student's spending spree on clothes, a party and a new smartphone slammed to a halt after it emerged the roughly US$1 million (S$1.4 million) fuelling her splurge had been given to her in error. A company that hands out student funding accidentally transferred 14 million rand into the young woman's account instead of the 1,400-rand (S$146) monthly food allowance she was supposed to get, officials said Wednesday. The Walter Sisulu University, in the Eastern Cape region, said the whopping error was made in June during monthly disbursement of state-issued student loans. "The error was only discovered on Monday after the matter was reported to us by another student," the university spokeswoman Yonela Tukwayo said. Tukwayo said the student who cannot be named had already spent nearly 800,000 rand ($61,250) of the money. "She is liable f...

Full article: http://www.asiaone.com/world/s-african-student-goes-shopp...

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