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Industrial Development Corporation Bursaries for 2014

The Industrial Development Corporation awards bursaries every year as part of its corporate social investment programme. The bursaries cover tuition fees, books, meals and accommodation for the duration of their studies at various South African universities. The corporation views education as key to growing the country.

The IDC awarded 72 needy students with bursaries for the 2013 academic year.

Candidates who are eligible:

- South African citizens with a valid ID number residing in the Republic of South Africa and who qualify for admission to a University or University of Technology and FET college, and are not studying with the aid of an employer or bursary.
- Applicants must have grade 12 Maths and Science with a minimum of a B aggregate symbol.
- University or University of Technology students who have already successfully completed one or more years will be considered on their Grade 12 and most recent academic results.
- If you are already studying towards a degree course for which you are applying for a bursary, you must have passed all courses for which you have registered at the university for the study period already completed.
- Applications must be for full time studies towards an academic degree at an accredited South African university or university of technology.
- No bursaries are awarded for studies at a college, e.g. Damelin, Boston, etc.

Value of Bursaries:

The value of the bursary for full-time undergraduate / diploma studies comprises of the following:

- In the case of bursars residing with their parents/guardians or privately, a stipend is granted.
- In the case of students residing in official University / University of Technology residences, full residence fees are paid to the relevant institution (Catering / Self catering residences).
- Tuition and registration fees
- A stipend for books and stationery is granted bi-annually.

NB. The bursary may also be awarded for the purpose of acquiring a compulsory postgraduate qualification in order to obtain a prescribed professional status i.e. Chartered Accountant or BTech or Hons.

Bursaries are renewable annually, subject to acceptable proof of progress from the institution.

Procedure of Payment of Bursary Monies

Bursary payments are made directly to institutions in accordance with the rules of the University, University of Technology and FETs.

Institutions

Applicants may enrol at any accredited South African University, University of Technology or FET college

Fields of Study:

Fields of study in which bursaries are awarded have to be directly related to industry, and will only include the following:

- Engineering: BSc Industrial, Chemical, Electrical, Electronic, Mechanical, Mining, Metallurgy, Civil, Analytical Chemistry and Geology. (Technikon level leading to B. Tech).
- Applied Commercial Sciences: Bcom (Accountancy CA), Bcom Information Systems, Information Technology, Computer Science, Investment Management, Agriculture, Environmental Science and Logistics.

NB: No bursaries are awarded for fields of study not listed above.

Repayment of Bursaries:

Bursars may be expected to remain in the employ of the Corporation for a period equal to the number of years of the awarded bursary. Such employment is subject to the normal selection procedures and salary and employment conditions of the Corporation.

The Corporation does not undertake to provide experiential training for bursars.

How to Apply:

- Click here to download the applications form
- It will be expected of applicants to attend an interview.
- Applicants will be notified of the results of their applications as soon as possible after interviews.
- To find out where to send your completed application form, please contact the IDC on their call centre line: 086 069 3888 or email them at callcentre@idc.co.za
- If you have not received feedback within 30 days of the closing date, consider your application unsuccessful.

Closing Date for applications: 31 May 2013 for 2014

Definitions:

Internship:

There are basically two types of internships:

  • The Undergraduate Internship: Usually with bigger organisations that pick undergraduates to attend the internship. It often takes places during the holidays and the average durations is a few weeks. In most cases the intern will receive some sort of stipend or salary and this type of internship may lead to a job offer to the intern once he / she is finished with their studies.
  • The Graduate Internship: This type of internship could be paid or unpaid and it is to gain practical work experience after the qualification has been completed and in a job related to the qualification. It could be from a few weeks or even one or two years long. This type of internship could also lead to permanent employment.

Learnerships:

A learnership is an occupational qualification and it consists of theory and work-based experience and practical skills, with formal assessment and a qualification. At the end of the learnership the candidate may be offered permanent employment.

In-service training:

In-service training is to gain practical work experience during studies. It usually takes place after a few years of theory has been successfully completed. It is essential work experience that is part of the qualification and the in-service training is necessary to achieve the qualification. It could be paid or unpaid.