IDC: Bursary 2023/2024 | How to Apply

A bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university, or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into the study.

IDCs strive to engage with meaningful initiatives that contribute to the transformation of people.

Follow these easy steps to apply:

• Complete the bursary application form (find attached) and send it.
• Attach a passport-size photo of yourself to the application form.
• Attach a formal quotation from the chosen training provider/institution.
• Provide certified copies of the following documents:
• Academic results / Statement of results
• ID document
• Certificates (if applicable)

Industrial Development Corporation (IDC) invites application from South African students to apply for Bursary Programme 2023 academic year.

Bursary Application Closing date is 29 September 2023

Bursaries will be awarded to learners who are academically talented but lack funding to pursue higher education. The bursary will be awarded for studies in fields that are directly related to the industry, including:

Engineering:

• Analytical Chemistry
• Chemical Engineering
• Civil Engineering
• Electrical Engineering
• Electronic Engineering
• Financial Engineering
• Geology (leading to BTech at University of Technology)
• Industrial Engineering (BSc)
• Mechanical Engineering
• Metallurgy Engineering
• Mine Survey
• Mining Engineering

Science & Applied Commercial Science:

• Accounting (CA BCom)
• Actuarial Science
• Agriculture
• Computer Science
• Economics
• Econometrics
• Environmental Science
• Financial Engineering
• Information Systems (BCom)
• Investment Management
• Information Technology
• Mathematics
• Physics
• Quantitative Finance
• Quantitative Risk Management
• Statistics

Law:

• Commercial Law (BCom)
• LLB (Bachelor of Law)
• Law (Postgraduate Diploma)

Note: bursaries will NOT be awarded for any other fields of study than the fields listed above.

The bursary will provide cover for the following expenses: tuition fees, prescribed books, accommodation, meals, a laptop, and an allowance.

IDC bursaries are awarded for 1 year of study at a time and are renewable each year, subject to submission of a progress report from the institution.

Once students have graduated, they will be required to work for IDC for an amount of time equal to that of their bursary awarded.

Successful candidates will be informed of the outcome of their application by no later than 13 December 2021. If you do not receive any email correspondence, please regard your application as unsuccessful.

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 be under 25 years of age
• You must have completed Matric OR must currently be in Matric
• You must be studying or intend on studying full time within one of the aforementioned fields of study, in 2023
• You must be studying or intend on studying at a recognized public University, the University of Technology or TVET College in South Africa (studies at private institutes are not covered)
• You must have achieved a minimum “B” symbol/ 75% for Mathematics and Science in Matric
• You must have achieved a minimum overall “C” symbol/ 65% average if currently studying
• You must have passed all courses registered for if currently studying
• You must NOT be in receipt of any other funding from a bursary or employer
• You must have proven financial need – based on total household income
• Students with disabilities are encouraged to apply
• Preference will be given to students residing in rural communities and areas

How to Apply

Applications must be done online at: IDC Bursary Application 2023

You will be required to register before you can login and apply.
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 be disregarded):

• ID document (certified copy)
• Grade 11 final results AND Matric June results, if currently in Matric (certified copy)
• Matric certificate, if completed Matric (certified copy)
• Latest academic results, if not studying this year (certified copy)
• Full tertiary academic record, if currently at tertiary level (certified copy)
• Proof of acceptance or provisional admission at an approved institute (on institutions letterhead)
• Proof of registration, latest fee statement and latest academic progress report, if currently studying (on institutions letterhead)
• Parents/ guardians proof of income (latest payslips if employed/ sworn affidavit or financial statements if self-employed/ sworn affidavit or death certificate if deceased/ divorce certificate if divorced/ sworn statement if separated) (certified copies)

Note: shortlisted Matric students will be required to submit their final Matric results by no later than 30 January 2023.

Conclusion:

• Ensure to complete all sections of the bursary application form. Incomplete Applications Will Not Be Considered.
• IDC will not undertake any responsibility for the safekeeping and/or return of any documents submitted with this application.
• Bursaries are only awarded for full-time study at tertiary institutions that were approved by IDC

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