Industrial Development Corporation (IDC) Bursary South Africa 2024
Industrial Development Corporation (IDC) Bursary South Africa; ABOUT THE COMPANY – IDC
Industrial Development Corporation (IDC) Bursary South Africa; The Industrial Development Corporation (IDC), established in 1940, is owned by the government of South Africa and is under the supervision of the Economic Development Department. The IDC is a national development finance institution, which provides youth enterprises, that are undertaking industrial development projects, with financial and non-financial support.
The institution was created with the aim of promoting economic growth and industrial development, as well as contributing to sustainable job creation within the country, as well as across the rest of Africa.
The IDC provides financial assistance to entrepreneurs starting new enterprises, as well as companies wishing to extend their current operations, to a maximum of R1 billion
ABOUT THE IDC BURSARY PROGRAMME – FIELDS COVERED
The Industrial Development Corporation (IDC) is inviting students to apply for their bursary programme, for the 2024 academic year.
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:
- 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
- Environmental Science
- Financial Management
- Information Systems (BCom)
- Investment Management
- Information Technology
- Internal Audit
- Quantitative Finance
- Quantitative Risk Management
- 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.
ABOUT THE IDC BURSARY PROGRAMME – COVERAGE VALUE & SELECTION
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.
Zabusaries.com is committed to keeping you up to date with the latest bursary opportunities, and this article covers all details about the IDC Bursary.
ELIGIBILITY REQUIREMENTS FOR THE IDC BURSARY
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 FOR THE IDC BURSARY
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).
Enter “Zabusaries.com” in the field asking how you heard about the IDC Bursary.
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)
CLOSING DATE FOR THE IDC BURSARY
30 September 2023.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact the Industrial Development Corporation (IDC) directly:
Tel: 011 269 3374
Please do NOT contact Canon Collins if this scholarship has already closed. View our other bursaries open for application here
NSFAS National Student Financial Aid Schemes
NSFAS: What is NSFAS?
NSFAS, or National Student Financial Aid Scheme, was established according to the National Student Financial Aid Scheme Act of 1999 and incorporated the Tertiary Education Fund of South Africa (TEFSA), which stopped operating in 2000.