Industrial Development Corporation Bursary is now open for applications with the deadline set for 30 September 2024. This initiative aims to provide financial assistance to tertiary students, enabling them to pursue their education without the burden of financial constraints.

Eligible candidates are encouraged to apply promptly to take advantage of the Industrial Development Corporation Bursary opportunity.

Fields of Study Covered by the Industrial Development Corporation Bursary

The Industrial Development Corporation Bursary program supports a wide range of fields, including but not limited to:

  • Commerce and Management Studies:
    • BCom Accounting (CA)
    • Internal Audit
    • Cost and Management Accounting
    • Financial Management
    • BCom Information Systems
    • Information Technology
    • Investment Management
    • Quantitative Risk Management
    • Transport or Logistics Management
    • Supply Chain Management
    • Entrepreneurship
    • Quantitative Finance
    • Economics
    • Econometrics
    • Business Management
    • Financial Accounting
  • Engineering:
    • Various engineering disciplines

Eligibility Criteria for the Industrial Development Corporation Bursary

To qualify for the Industrial Development Corporation Bursary, applicants must meet the following criteria:

  1. Qualification Level:
    • The bursary is for first qualification and undergraduate studies only.
    • Postgraduate funding is limited to studies in Finance, Accounting, and Law.
  2. Citizenship:
    • Applicants must be South African citizens.
  3. Age:
    • Applicants must be under the age of 26.
  4. School Background:
    • Preference is given to applicants from Quintile 1, 2, and 3 schools (rural schools) and previously disadvantaged communities.
  5. Household Income:
    • The combined household income of applicants’ parents should not exceed R600,000 per annum.
  6. Academic Performance:
    • Matriculants: Minimum 75% Admission Point Score (APS).
    • Tertiary level applicants: Minimum 65% APS.
  7. Enrollment:
    • Applicants must be enrolled or admitted to study at a South African Public University, University of Technology, or TVET College.
  8. Disabilities:
    • Preference is given to applicants living with disabilities

Related: South African Universities with No Application Fees for 2025

Industrial Development Corporation Bursary Benefits

The Industrial Development Corporation Bursary covers the following expenses:

  • Full tuition fees for the approved course of study.
  • Full fees for on-campus accommodation and meals (institutional rates).
  • A capped amount towards off-campus university-accredited accommodation.
  • A capped self-catering meal allowance.
  • A capped transport allowance.
  • Provision of a laptop (once during the bursary period).

Hint: Managing Your Bursary Funds – Top Tips for Students in 2024

Application Process for the Industrial Development Corporation Bursary

Applicants must complete the application online, uploading clear copies of all necessary supporting documents (photographs not accepted) and completing the interview questionnaire.

  • To apply for the Industrial Development Corporation Bursary, visit the IDC website: IDC Bursaries, navigate to ‘About IDC’ and select ‘Bursaries’.
  • Successful applicants will be notified via email.

For further inquiries, contact:

Required Documentation for the Industrial Development Corporation Bursary

Applicants must provide the following documentation:

  • Recently certified copy of their Identity Document (within the last 6 months).
  • 2024 mid-year (first semester) results or latest academic results for gap year applicants.
  • Certified copy of Grade 11 results or current year’s Grade 12 June results.
  • Provisional acceptance or admission letter from the institution.
  • Certified copies of both parents’ Identity Documents.
  • Certified copy of unabridged birth certificate if surname differs from parents.

Income Verification Documents:

  • Latest pay slip (if employed).
  • Three months’ bank statements reflecting income (if employed or self-employed).
  • Affidavit stating annual income (if unemployed).
  • Six months’ bank statements (if unemployed).
  • SASSA letter indicating grants received (if applicable).
  • Parents’ death certificates (if deceased).
  • Divorce certificate or sworn statement from one parent if separated.

The Industrial Development Corporation Bursary Program is a valuable opportunity for eligible South African students to pursue undergraduate studies in specified fields. By providing comprehensive financial support, including tuition fees, accommodation, meals, and additional allowances, the IDC aims to empower students from diverse backgrounds to excel academically.

Prospective applicants are encouraged to apply online and adhere strictly to the application guidelines for consideration.