Industrial Development Corporation (IDC) invites qualifying students to apply for Bursary Programme for 2024 academic year.
Bursary online application closing date is 30 September 2023.
Bursaries will be awarded for STEM (Science, Technology, Engineering and Mathematics)-related qualifications, including Accounting/ Financial studies and Law. For the 2024 academic year, IDC will fund studies in these fields:
Engineering:
- Agricultural Studies
- Analytical Chemistry
- Chemical Engineering
- Civil Engineering
- Construction Engineering
- Electrical Engineering
- Electronic Engineering
- Financial Engineering
- Geology (University of Technology leading to a B Tech)
- Industrial Engineering
- Mechanical Engineering
- Metallurgy Engineering
- Mining Engineering
Applied Commercial Sciences:
- Accounting (CA) (BCom)
- Actuarial Science
- Agricultural Studies
- Computer Science
- Cost and Management Accounting
- Economics
- Econometrics
- Environmental Science
- Financial Management
- Information Systems (BCom)
- Investment Management
- Information Technology
- Internal Audit
- Mathematics
- Physics
- Quantitative Finance
- Quantitative Risk Management
- Statistics
Law:
- Commercial Law (BCom)
- LLB (Bachelor of Law)
- Law (Postgraduate Diploma)
Bursaries will be awarded to learners who are academically talented but lack funding to pursue higher education.
The bursary will provide cover for the following expenses: tuition fees, accommodation, meal allowance, transport allowance and a once-off laptop.
Students must be in financial need, as an affordability assessment will be conducted as part of the selection process.
Requirements
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- You must be a South African citizen
- You must reside in South Africa
- You must NOT be older than 25 years old
- You must be currently be in Matric or have completed Matric
- You must be studying or intend on studying full time towards a first undergraduate qualification, in one of the fields listed above (the bursary will NOT fund second qualifications)
- Postgraduate funding will only be awarded to Accounting and Law students (the bursary will NOT fund postgraduate qualifications in other fields)
- You must be studying or intend on studying at a recognised public University, University of Technology or TVET College in South Africa (the bursary will NOT fund studies at private colleges)
- Matric students: you must have achieved a minimum overall average of 75% AND you must have achieved a minimum B aggregate symbol in Mathematics and Science
- Tertiary students: you must have achieved a minimum overall average of 65% in your most recent results AND you must have passed all courses which you registered for, for the study period already completed
- You must have combined household income of NOT more than R350 000 per annum (students with a combined household income of less than R600 000 per annum may apply)
- You must NOT be studying with the aid of the employer or bursary/li>
- Preference will be given to students living with a disability
- Preference will be given to students who are studying or matriculated from Quintile 1, 2 and 3 schools (public schools), schools from previously disadvantaged communities, and from rural areas
How to apply
Applications must be submitted online at: IDC Bursary Application 2024
Applicants will be required to register an account before they can login and apply (scroll down to the bottom of the page).
Submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document (certified copy)
- Grade 11 final results and Matric June results, if currently in Matric (certified copies)
- Matric certificate, if completed Matric (certified copy)
- Latest academic results, if not studying this year (certified copy)
- Full tertiary academic record, if currently studying (certified copy)
- Proof of acceptance or provisional admission at a tertiary institution (on institutions letterhead)
- Parents or guardians proof of income (latest payslips if employed/ affidavit if unemployed/ 3 months’ bank statement if self-employed/ SASSA Letter stating the grants received if applicable/ death certificate if deceased/ divorce certificate if divorced/ sworn statement if separated) (certified copies)
