Blog

LIST OF BURSARIES OFFERED BY SOUTH AFRICA’S BIGGEST BANKS

Here is a list of bursaries offered by South Africa’s biggest banks.

By businesstech.co.za | 28 July 2022

Capitec chief executive, Gerrie Fourie recently described the local hiring market as a ‘war of talent’ with businesses struggling to hire from a limited talent pool.

Fourie said that this is most keenly felt in highly-technical professions such as data science and IT workers.

“This is being fueled by people saying they are now working from home and overseas. It’s quite easy to work in London but you actually sit in South Africa, so I think there will be quite a war for talent,” he said.

South Africa’s banking sector is desperate for a number of tech-related roles, according to the Department of Communications and Digital Technologies.

The government has identified a big gap in cybersecurity skills and is currently working with other entities within departments to try and plug it.

The good news is that many of the country’s large banks provide Bursary Programme to aid  ‘financially restricted’ students, and bolster the country’s skilled workforce.

The South African Reserve Bank , as part of addressing the severe shortage of skills in the country provides bursaries to students in relevant fields of study who are from disadvantaged backgrounds.  The last date to apply for a bursary is 30 September 2022, with additional details here.

Legacy banks often provide programmes to filter educated graduates into their companies. In many cases by paying for a student to attend university a company as a result gains a valuable employee once the period of study has been completed.

BusinessTech looked at some of South Africa’s largest banks and what they offer students, with some bursaries closing at the end of the month for 2023.


Note: ‘All-inclusive’ for purposes of the below table refers to programmes that cover: full tuition, accommodation, textbooks, a laptop, meal allowance and a monthly stipend.

Standard Bank
ProgrammeStandard Bank Bursary Fund
CoverageAll-inclusive
ExtrasMedical aidMentoring and psychological supportTransportation between home and campus four times a year at the cost of a bus ticket
Fields of interestUndergraduate or postgraduate in:AccountingActuarial scienceAnalyticsCommerceComputer and data scienceEconomicEngineeringFinanceITInvestmentsMathematicsStatistics
DatesBursary applications open: April – 30 September 2022

FirstRand
ProgrammeLaurie Dippenaar Scholarship
CoverageR925 000
ExtrasPersonal interest by Laurie Dippenaar in each selection and the ongoing progress of recipients.
Fields of interestAny discipline at an international university of the recipient’s choice.
DatesApplications for 2023 are likely to open in December

FirstRand offers further scholarships for international postgraduate study with similar coverage of R925,000, further information can be found here.


Absa
ProgrammeAbsa Fellowship Programme
CoverageAll-inclusive
ExtrasMonthly dataLeadership ProgrammeOnline masterclassesAcademic tutoringTravel fees where applicable
Fields of interestUndergraduate in:ScienceTechnologyEngineeringCreative ArtsHumanitiesMathematicsDigital Design
DatesApplications will open December 2022/ January 2023

Nedbank
ProgrammeThe Nedbank External Bursary Programme
CoverageAll-inclusive
ExtrasN/A
Fields of interestAny field if the applicant fulfils financial eligibility requirements
DatesApplications for 2023 close 31 July 2022.

Investec
ProgrammeInvestec CSI Bursary
CoverageAll-inclusive
ExtrasAssistance with job search and access to other bursaries managed by Study Trust.
Fields of interestUndergraduate in:CommerceBusiness scienceEngineeringComputer scienceInformation technologyCommercial lawMedicine
DatesApplications for 2023 close 31 August 2022.

Capitec
ProgrammeCapitec Bank Bursary Programme 
CoverageInformation not provided
ExtrasUpon completion of studies, Capitec Bank bursary holders will be required to work for Capitec Bank for an equal length of the bursary duration.
Fields of interestStudying towards undergraduate and/or post-graduate degree in:Quantitative risk managementFinancial managementBusiness economicsEconomic scienceIndustrial engineeringApplied mathematicsComputer scienceData scienceITStatistics
DatesApplications closed on 10 July 2022

The End.

_______

You may also check> International University of Applied Sciences (IU) is here for you every step of the way

_______

If you want to receive more similar opportunities, please join our TELEGRAM GROUP. You may also follow us on TWITTER

admin

African Union Commission Scholar || Founder @ Youth Opportunities Hub || Former RBA COST/Sahel Team at UNDP || TEF Alumni ||

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button

Adblock Detected

Please consider turning off the ad blocker. Ads are our source of revenue. Thank you.