Old Mutual Investment Group (OMIG) Imfundo Trust Scholarship South Africa 2019 – 2020
ABOUT THE COMPANY – OLD MUTUAL INVESTMENT GROUP
The Old Mutual Education Trust was established to form part of the landmark BBEE (Broadbased Black Economic Empowerment) transaction and to ensure that the funding from the Old Mutual BEE deal was correctly allocated to Old Mutual’s business partners members and dependants.
The Imfundo Trust, an Old Mutual Investment Group (OMIG) scholarship initiative was founded to help address the lack of black investment professionals within the country and to increase the number of qualified professionals in the asset management industry. Between the period of 2011 and 2015, around R20 million has been spent funding students in their tertiary education. The scholarship programme funds 30 to 40 beneficiaries each year, mainly black deserving students (especially women) at South Africa’s top universities.
ABOUT THE BURSARY PROGRAMME
The OMIG Imfundo Trust Scholarship will provide funding for studies undertaken within the investments, infrastructure and renewable energy industries, particularly the following fields:
- Management Sciences/ Management Studies
- Mathematical Sciences
- Computer Science
- Data Processing
- Agricultural Studies
- Engineering Technology
The following expenses will be covered by the scholarship award: registration fees; tuition fees; prescribed textbooks; study materials; meals; accommodation and a small stipend for additional expenses.
Scholarships are renewable annually based on satisfactory academic performance. There is no service contract obligation upon graduation.
Shortlisted candidates will be required to attend an interview.
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):
- South African citizen
- Completed Matric OR currently in Matric
- Strong academic results
- Achieved a minimum result of 60% for English HL OR 70% for English FAL in Matric
- Achieved a minimum result of 70% for Mathematics in Matric
- Achieved a minimum overall average of 70% in Matric
- Studying or intend on studying full time within one of the aforementioned undergraduate fields of study (Degree or Diploma including BTech)
- Studying or intend on studying at a recognised and accredited University within South Africa
- Proven financial need
- Parents/ guardians would not otherwise be able to afford your tertiary fees
- NOT in receipt of any other funding (i.e. bursary/ scholarship/ award/ grant/ loan etc)
- *Preference will be given to students from rural and township areas
HOW TO APPLY FOR THE BURSARY
Applications must be done online at: http://www.studietrust.co.za
Submit clear copies of the following supporting documentation along with application form (the submission of these documents is compulsory – if any items are missing, your application be disregarded):
- ID document (certified copy of)
- Matric June results, if currently in Matric (certified copy of)
- Matric certificate/ results, if completed Matric (certified copy of)
- Complete tertiary academic record, if at tertiary level (certified copy of)
- Proof of admission/ provisional admission to the institution you applied at, if not currently at tertiary level
- Curriculum Vitae
- Parents/ guardians proof of income:
- if unemployed: sworn affidavits
- if employed: latest payslips (certified copies of)
- if self-employed: sworn affidavit declaring monthly income or latest audited financial statements (certified copies of)
- if deceased: death certificate or a sworn affidavit (certified copies of)
- if residing with your guardian while parents are alive: guardians latest payslips (certified copies of)
- if parents are divorced: divorce certificate (certified copy of)
- if parents are separated: sworn statement from one parent confirming separation
30 September 2019.
(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 Study Trust directly:
Contact Person: Mr Themba Mdluli (Bursary Applications & Enquiries: The Applications Officer) / Mr Sibusiso Lukhele (Bursary Administration & Support)
Tel: 011 403 1632
Once you have submitted your application, you will receive confirmation that your application has been received. The final outcome of your application will be sent to you via email by no later than 31 December. Please only submit a query regarding your application status if you have not received any feedback by 15 January.