Welcome to the IDC Bursary 2024 Application Guide! If you are a South African citizen with a passion for Science, Technology, Engineering, or Mathematics (STEM) fields, this bursary opportunity is for you. The Industrial Development Corporation (IDC) is offering financial support to unemployed individuals pursuing their first qualification and undergraduate studies in these fields. Here, you will find all the information you need to know about the application process, eligibility criteria, and the fields of study supported by the IDC.
Key Takeaways:
- Applications for the IDC Bursary 2024 are open from July 1, 2023, to September 30, 2023.
- Applicants must be unemployed South African citizens studying or intending to study full-time in STEM fields.
- Only undergraduate studies and first qualifications are funded by the IDC Bursary.
- Preference is given to applicants from Quintile 1,2 & 3 schools, previously disadvantaged communities, and rural areas.
- The household income of the applicant’s parents should not exceed R350,000 per year.
- Successful applicants will receive full tuition fees, accommodation expenses, a laptop, meal allowance, and transport allowance.
- The closing date for applications is September 30, 2023.
IDC Bursary Fields of Study
The IDC funds a wide range of fields of study in various domains. The bursary program supports students pursuing Science, Technology, Engineering, and Mathematics (STEM) qualifications, as well as other related fields. Here is a comprehensive list of the IDC-funded fields of study:
| Field of Study |
|---|
| BCom Accounting (CA) |
| Internal Audit |
| Cost and Management Accounting |
| Financial Management |
| BCom Information Systems |
| Information Technology |
| Computer Science |
| Mathematics |
| Statistics |
| Investment Management |
| Actuarial Science |
| Environmental Science |
| Quantitative Risk Management |
| Physics |
| Agricultural Studies |
| Quantitative Finance |
| Economics |
| Econometrics |
| Industrial Engineering |
| Chemical Engineering |
| Electrical Engineering |
| Electronic Engineering |
| Mechanical Engineering |
| Mining Engineering |
| Metallurgy Engineering |
| Agricultural Studies |
| Civil/Construction Engineering |
| Analytical Chemistry |
| Geology |
| Financial Engineering |
| BCom Law (Commercial Law) |
| Bachelor of Law (LLB) |
| Postgraduate Diploma in Law |
The IDC Bursary Program only considers applications for the fields of study listed above. If your desired field of study falls within these categories, you are eligible to apply for the IDC Bursary.
IDC Bursary Eligibility Criteria
To be considered for the IDC Bursary, you must meet specific eligibility criteria. The bursary is available for individuals who are studying towards their first qualification and undergraduate studies only. Postgraduate qualifications are not funded, except for Accounting and Law.
In addition, you must be a South African citizen and not older than 25 years of age. Preference will be given to applicants from Quintile 1, 2, and 3 schools, as well as previously disadvantaged communities and rural areas.
To qualify, the household income of your parents should not exceed R350,000 per year. An affordability assessment will be conducted to determine your financial needs. Consideration will also be given to applicants with disabilities, with preference given to those living with disabilities.
Selection Criteria
When reviewing applications, the IDC takes into account various selection criteria. For matriculants, a minimum average of 75% in your final results is required. Tertiary-level applicants must have a minimum average of 65% in their most recent academic results.
Successful applicants must also be admitted to study at a South African public university or university of technology. The IDC aims to support individuals who are committed to pursuing their studies in Science, Technology, Engineering, and Mathematics (STEM) fields, as well as Accounting/Financial Studies and Law.
| Eligibility Criteria | Requirements |
|---|---|
| Qualification | First qualification and undergraduate studies |
| Nationality | South African citizen |
| Age | Not older than 25 years |
| Preference | Quintile 1, 2, and 3 schools, previously disadvantaged communities, rural areas |
| Household Income | Not exceeding R350,000 per year |
| Disability | Preference given to applicants with disabilities |
| Academic Performance | Matriculants: Minimum 75% average APS / Tertiary-level applicants: Minimum 65% average in most recent results |
| Field of Study | Science, Technology, Engineering, Mathematics, Accounting/Financial Studies, Law |
By meeting the eligibility criteria and demonstrating your commitment to your chosen field of study, you can increase your chances of being awarded the IDC Bursary.
IDC Bursary Application Process
Applying for the IDC Bursary is a straightforward and convenient process. To begin, you will need to complete the application form online through the IDC website. Ensure that you have all the necessary supporting documents ready for submission. These documents include a recently certified South African ID document, mid-year (first semester) results for 2023 (or the latest results if you are not currently studying), your matric certificate (if completed), and proof of your parents’ or guardians’ household income.
The proof of income can be provided in the form of a pay slip if you are employed, an affidavit if you are unemployed, a 3-month bank statement if you are self-employed, or an applicable SASSA Letter stating the grants received. If your parents are deceased, you will need to submit their death certificates. In the case of divorce or separation, you will need to include the relevant certificates or a sworn statement.
Once you have gathered all the required documents, submit them along with your application. Additionally, you will be required to complete an interview questionnaire as part of the application process. Ensure that you provide accurate and honest information throughout the application to increase your chances of being considered for the bursary.
Remember, the closing date for applications is September 30, 2023. Make sure to submit your application before this deadline to be considered for the IDC Bursary. Successful applicants will be notified via email, so be sure to provide a valid email address during the application process.
Table: Required Supporting Documents
| Document | Required |
|---|---|
| South African ID document (recently certified) | Yes |
| Mid-year (first semester) results for 2023 or latest results | Yes |
| Matric certificate (if completed) | Yes |
| Proof of parents’ or guardians’ household income | Yes |
| Pay slip (if employed), affidavit (if unemployed), or 3-month bank statement (if self-employed) | Yes |
| Parent(s) death certificates (if applicable) | As required |
| Divorce certificates (if parents are divorced) or sworn statement (if parents are separated) | As required |
IDC Bursary Benefits
The IDC Bursary offers a range of benefits to successful applicants. These benefits aim to support students in their academic journey and alleviate financial burdens. Here are the key benefits provided by the IDC Bursary:
- Full Tuition Fees: The bursary covers the full cost of tuition fees, ensuring that students can focus on their studies without worrying about the financial aspect of their education.
- Accommodation Expenses: Accommodation expenses are also covered by the bursary. Payments are made directly to university-approved residences or landlords based on approved lease agreements, providing students with a safe and conducive living environment.
- Once-off Laptop: Successful applicants receive a once-off laptop, equipping them with the necessary tools to enhance their learning experience and participate effectively in their academic pursuits.
- Meal Allowance: The IDC Bursary includes a meal allowance provided quarterly to students living in self-catering residences, whether on or off-campus. This allowance helps students meet their nutritional needs and maintain a healthy lifestyle during their studies.
- Transport Allowance: To assist with transportation costs, the bursary also provides a transport allowance. This allowance helps students commute to and from their educational institutions, ensuring they have the means to attend classes and engage in extracurricular activities.
These benefits are designed to support students throughout their educational journey, providing them with the necessary resources to succeed academically and build a solid foundation for their future careers.
| Benefit | Description |
|---|---|
| Full Tuition Fees | The bursary covers the full cost of tuition fees. |
| Accommodation Expenses | Payments are made directly to university-approved residences or landlords. |
| Once-off Laptop | Successful applicants receive a once-off laptop. |
| Meal Allowance | A quarterly allowance for students in self-catering residences. |
| Transport Allowance | An allowance to assist with transportation costs. |
IDC Bursary Application Form and Deadline
To apply for the IDC Bursary, you need to complete the online application form available on the IDC website. Make sure to include clear copies of all the required supporting documents and complete the interview questionnaire. The closing date for applications is September 30, 2023.
Submitting your application form and supporting documents online ensures a convenient and efficient process. You can access the application form on the IDC website, where you’ll find detailed instructions on how to complete it accurately. Take your time to fill out the form correctly and double-check all the information before submission.
Remember, the closing date is September 30, 2023, so make sure to submit your application before the deadline. Late submissions will not be considered. Once you have successfully submitted your application, you will receive a confirmation email from IDC. Keep an eye on your inbox for any further updates regarding your application status.
| Required Documents for Application: |
|---|
| 1. Recently certified South African ID document |
| 2. Mid-year (first semester) results for 2023 or latest results if not studying this year |
| 3. Matric certificate (if completed matric) |
| 4. Proof of parents’ or guardians’ household income (pay slip, affidavit, bank statement, or SASSA letter) |
| 5. Additional documents if applicable (parent(s) death certificates, divorce certificates, or sworn statement from one parent) |
Table: Required Documents for Application
- Recently certified South African ID document
- Mid-year (first semester) results for 2023 or latest results if not studying this year
- Matric certificate (if completed matric)
- Proof of parents’ or guardians’ household income (pay slip, affidavit, bank statement, or SASSA letter)
- Additional documents if applicable (parent(s) death certificates, divorce certificates, or sworn statement from one parent)
Contact Information and Reporting Fraud
If you have any inquiries about the IDC Bursary, feel free to get in touch with us. You can reach us via email at bursary@idc.co.za or by phone at 011 269 3374. Our dedicated team is ready to assist you with any questions you may have.
Ensuring the integrity of the IDC Bursary is of utmost importance to us. If you suspect any fraud or corruption related to the bursary, please report it immediately. You can report such incidents through the IDC Hotline at 0800 303 336, via email at idc@tip-offs.com, or by sending an SMS to 39640.
Your cooperation in reporting any fraudulent activities helps us maintain a fair and transparent selection process for all applicants. We appreciate your assistance in keeping the IDC Bursary program free from any misconduct. Together, we can ensure equal opportunities for deserving students in South Africa.
FAQ
What is the application period for the IDC Bursary Programme?
The application period for the IDC Bursary Programme is from July 1, 2023, to September 30, 2023.
What fields of study are funded by the IDC Bursary?
The IDC Bursary funds a wide range of fields of study in various domains, including Science, Technology, Engineering, and Mathematics (STEM) fields, as well as Accounting/Financial Studies and Law.
Who is eligible for the IDC Bursary?
The IDC Bursary is open to unemployed South African citizens who have financial needs and are studying or intending to study full-time in the specified fields of study. Applicants must be South African citizens aged 25 or younger and come from Quintile 1, 2 & 3 schools, previously disadvantaged communities, or rural areas.
What are the supporting documents required for the IDC Bursary application?
The mandatory documents for submission include a certified South African ID document, mid-year (first semester) results for 2023 or latest results if not studying this year, matric certificate if completed matric, and proof of parents’ or guardians’ household income. Additional documents may be required depending on the applicant’s circumstances.
What are the benefits of the IDC Bursary?
The IDC Bursary covers full tuition fees, accommodation expenses, a once-off laptop, meal allowance, and transport allowance. Tuition fees are paid directly to the university, while accommodation payments are made to the university-approved residence or landlord. The meal allowance is provided quarterly to students living in self-catering residences.
How can I apply for the IDC Bursary?
The application for the IDC Bursary must be completed online through the IDC website. Applicants should submit clear copies of all required supporting documents and complete the interview questionnaire.
What is the closing date for IDC Bursary applications?
The closing date for IDC Bursary applications is September 30, 2023.
How can I contact the IDC for more information?
For more information about the IDC Bursary, you can contact the IDC via email at bursary@idc.co.za or by phone at 011 269 3374.
How can I report fraud or corruption related to the IDC?
Fraud or corruption related to the IDC can be reported through the IDC Hotline at 0800 303 336, email at idc@tip-offs.com, or SMS at 39640.
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