Industrial Development Corporation (IDC) Bursaries
IDC Bursary – The Industrial Development Corporation of SA Ltd (IDC) is engaged in a number of initiatives aimed at human resource development, capacity building and human capital development. This is done with the objective to address acute skills deficits in South Africa. The allocation of bursaries or study assistance to qualifying students is one of IDC initiatives.
Bursary Eligibility
- Student must be 16 years and older but not older than 25 years to apply.
- Matric applicants must have achieved the total average of 75% and above and must be SA Citizen.
- Tertiary applicants must have achieved the total average of 65% and above and must be SA Citizen
1. Engineering
- BSc Industrial
- Chemical
- Electrical
- Electronic
- Mechanical
- Mine Survey
- Financial Engineering
- Mining
- Metallurgy
- Civil
- Analytical Chemistry
- Geology (University of Technology leading to B-Tech)
2. Law
- Bachelor Commerce Law (Commercial Law)
- Bachelor of Law (LLB)
- Postgraduate Diploma in Law
3. Applied Commercial Sciences
- Information Technology
- Computer Science
- Environmental Science
- Agriculture
- Actuarial Science
- Quantitative Risk Management
- Economics
- Financial Engineering
- BCom (Accountancy CA)
- BCom Information Systems
- Investment Management
- Mathematics
- Statistics
- Quantitative Finance
- Physics
- Econometrics
The funding is limited to full time undergraduates students. Below is what the bursary will cover:
- Tuition Fees
- Laptop
- Allowance
- Prescribed Textbooks
- Accommodation
Funding is allocated on annual basis and in order to secure the bursary for the fllowing year, beneficiaries must provide their academic performance or results to re-apply.
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About Industrial Development Corporation (IDC)
South Africa established the The Industrial Development Corporation (IDC) of South Africa in year 1940. This was done by the previous government which is widely known as apartheid government. After the democratic government was formed in 1994 the IDC continues with its mandate of development through job-rich industrialisation.
The IDC achieves its transformation objective by, amongst other things, funding black-owned and empowered businesses, black industrialists, females, and youth-owned and empowered enterprises.
The IDC remains committed to sustainability through prudent financial and human resource management, safeguard the natural environment, and increasingly position itself as a Centre of Excellence for development finance.
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Bursary Eligibility Criteria
- Applicants must be a South African citizen
- Applicants must reside in South Africa
- Applicants must be between the ages of 16 and 25 years old
- Applicants must be currently be in Matric or have completed Matric
- Applicants must be studying or intend on studying full time towards an undergraduate qualification, in one of the fields listed above
- Applicants 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 cover studies at private institutions)
- Matriculants: you must have achieved a minimum overall average of 75% and a minimum “B” symbol in Mathematics and Science
- University applicants: you must have achieved a minimum overall average of 65%
- University applicants: you must have passed all courses registered for
- Applicants must NOT be in receipt of any other funding from a bursary or employer
- Applicants must have proven financial need – based on total household income
- Preference will be given to students residing in rural areas
Documents Required
Below is the list of supporting documents that must accompany your application. Refrain from submitting your originals documents.
How To Apply For This Bursary?
- Application for the 2023 IDC bursary intake must be completed online. To apply please click here or visit the IDC website.
- Applicants must submit all the mandatory supporting documents.
- Successful applicants will be contacted via email and notified of the outcome by the 9th December 2022.
Bursary Closing Date
The closing date for IDC bursary applications is 29 September 2022
Bursar Contact Details
The IDC has a page dedicated for all details about the bursary and can be found on https://www.idc.co.za/contact-us/