{"id":597322,"date":"2022-07-28T16:30:31","date_gmt":"2022-07-28T14:30:31","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=597322"},"modified":"2022-07-28T16:30:31","modified_gmt":"2022-07-28T14:30:31","slug":"here-is-a-list-of-bursaries-offered-by-south-africas-biggest-banks","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/597322\/here-is-a-list-of-bursaries-offered-by-south-africas-biggest-banks\/","title":{"rendered":"Here is a list of bursaries offered by South Africa’s biggest banks"},"content":{"rendered":"

Capitec chief executive, Gerrie Fourie recently described the local hiring market as a \u2018war of talent\u2019 with businesses struggling to hire from a limited talent pool<\/a>.<\/p>\n

Fourie said that this is most keenly felt in highly-technical professions such as data science and IT workers.<\/p>\n

\u201cThis is being fueled by people saying they are now working from home and overseas. It\u2019s quite easy to work in London but you actually sit in South Africa, so I think there will be quite a war for talent,\u201d he said.<\/p>\n

South Africa\u2019s banking sector<\/a> is desperate for a number of tech-related roles, according to the Department of Communications and Digital Technologies.<\/p>\n

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

The good news is that many of the country’s large banks provide Bursary Programme to aid\u00a0 ‘financially restricted’ students, and bolster the country’s skilled workforce.<\/p>\n

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.\u00a0 The last date to apply for a bursary is 30 September 2022, with additional details here<\/a>.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\n

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.<\/em><\/p>\n

\n
\n\n\n\n\n\n\n\n
Standard Bank<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nStandard Bank Bursary Fund<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nAll-inclusive<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\n\n
    \n
  • Medical aid<\/li>\n
  • Mentoring and psychological support<\/li>\n
  • Transportation between home and campus four times a year at the cost of a bus ticket<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nUndergraduate or postgraduate in:<\/p>\n
    \n
  • Accounting<\/li>\n
  • Actuarial science<\/li>\n
  • Analytics<\/li>\n
  • Commerce<\/li>\n
  • Computer and data science<\/li>\n
  • Economic<\/li>\n
  • Engineering<\/li>\n
  • Finance<\/li>\n
  • IT<\/li>\n
  • Investments<\/li>\n
  • Mathematics<\/li>\n
  • Statistics<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nBursary applications open: April – 30 September 2022<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n
FirstRand<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nLaurie Dippenaar Scholarship<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nR925 000<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\nPersonal interest by Laurie Dippenaar in each selection and the ongoing progress of recipients.<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nAny discipline at an international university of the recipient’s choice.<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nApplications for 2023 are likely to open in December<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

FirstRand offers further scholarships for international postgraduate study with similar coverage of R925,000, further information can be found here<\/a>.<\/p>\n

\n
\n
\n\n\n\n\n\n\n\n
Absa<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nAbsa Fellowship Programme<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nAll-inclusive<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\n\n
    \n
  • Monthly data<\/li>\n
  • Leadership Programme<\/li>\n
  • Online masterclasses<\/li>\n
  • Academic tutoring<\/li>\n
  • Travel fees where applicable<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nUndergraduate in:<\/p>\n
    \n
  • Science<\/li>\n
  • Technology<\/li>\n
  • Engineering<\/li>\n
  • Creative Arts<\/li>\n
  • Humanities<\/li>\n
  • Mathematics<\/li>\n
  • Digital Design<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nApplications will open December 2022\/ January 2023<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n
Nedbank<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nThe Nedbank External Bursary Programme<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nAll-inclusive<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\nN\/A<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nAny field if the applicant fulfils financial eligibility requirements<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nApplications for 2023 close 31 July 2022.<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n
Investec<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nInvestec CSI Bursary<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nAll-inclusive<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\nAssistance with job search and access to other bursaries managed by Study Trust<\/a>.<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nUndergraduate in:<\/p>\n
    \n
  • Commerce<\/li>\n
  • Business science<\/li>\n
  • Engineering<\/li>\n
  • Computer science<\/li>\n
  • Information technology<\/li>\n
  • Commercial law<\/li>\n
  • Medicine<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nApplications for 2023 close 31 August 2022.<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n
\n
\n\n\n\n\n\n\n\n
Capitec<\/th>\n<\/tr>\n
Programme<\/strong><\/td>\nCapitec Bank Bursary Programme\u00a0<\/a><\/td>\n<\/tr>\n
Coverage<\/strong><\/td>\nInformation not provided<\/td>\n<\/tr>\n
Extras<\/strong><\/td>\nUpon completion of studies, Capitec Bank bursary holders will be required to work for Capitec Bank for an equal length of the bursary duration.<\/td>\n<\/tr>\n
Fields of interest<\/strong><\/td>\nStudying towards undergraduate and\/or post-graduate degree in:<\/p>\n
    \n
  • Quantitative risk management<\/li>\n
  • Financial management<\/li>\n
  • Business economics<\/li>\n
  • Economic science<\/li>\n
  • Industrial engineering<\/li>\n
  • Applied mathematics<\/li>\n
  • Computer science<\/li>\n
  • Data science<\/li>\n
  • IT<\/li>\n
  • Statistics<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Dates<\/strong><\/td>\nApplications closed on 10 July 2022<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0<\/strong>Ramaphosa approves pay increases for government officials – here’s what they now earn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With 12 out 100 people who start Grade 1 attending universities, private companies offer future graduates a pathway to tertiary education despite its costs.<\/p>\n","protected":false},"author":10,"featured_media":611586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[1798,26],"class_list":["post-597322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-capitec","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/597322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=597322"}],"version-history":[{"count":24,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/597322\/revisions"}],"predecessor-version":[{"id":611584,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/597322\/revisions\/611584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/611586"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=597322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=597322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=597322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}