ABSA Bank Bursary South Africa 2024/2025

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WHAT IS A BURSARY?

According to Wikipedia, A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary, the individual is usually obligated to be employed at the institution for the duration as the bursary. According to The Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.

According to The Hobsons UK Boarding Schools Guide, numerous independent schools have bursary capability, namely grants from the school to help pay education fees. These are usually awarded after a “means test” of family income and are not necessarily dependent on examination performance, although some account of academic ability will be taken. Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school.

To obtain such a bursary, it is customary for parents to be asked by the school’s bursar to fill in an application form, giving details of their financial circumstances, supported by documentary evidence, including capital assets. The application will be considered by the school in accordance with its bursary policy. The award will often only remain in force until the pupil has sat the next relevant public examination. Most schools will review bursaries annually to ensure that the justification for an award remains. In Britain, any award made before GCSE will not necessarily continue to the A-level stage.

Bursaries are similar to “scholarships” or “prizes“, which are based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by universities or, sometimes, by companies

THINGS TO KEEP IN MIND WHEN APPLYING FOR A BURSARY

A lot of students are usually confused when it comes to scholarship or bursary application. When they have answered the most difficult question of where to start, then the other process becomes seamlessly easy for them. Basically that’s why we have decided to include this post to enable you successfully apply for bursaries especially for this year to aid your academic cause. The following are those important things to note before applying for a bursary.

Most bursaries will request for your Latest Academic Record duly signed from your school, your ID document, evidence of tertiary application, and most importantly an authentication that you were accepted. Similarly, some bursaries will require you to provide another proof of Guardians or parents’ source of income and residence. After successfully sorting out these documents, then your next step is to ensure you verify your documents. If you don’t know how to, simply visit any commissioner of oath at a post office, bank, or police station.
Integrity, they say is telling myself the truth while honesty is telling the truth to other people. Honesty is more than not lying. It is truth-telling, truth speaking, truth living, and truth loving. Therefore, you must ensure that whatever information you are providing is the truth and nothing but the truth. Fill all blank spaces with correct data. No legacy is so rich as honesty.
A whole lot of students apply for bursaries without having any references at all and in other cases have references that can’t be reached. Most times this is the first step to not getting the bursary you have applied for. If you need the bursary you are applying for and you want it, then go ahead and find references with correct contact addresses.
A lot of students also don’t have enough writing skills to win their desired bursary which can prove to be a stone in the neck in the long run. Therefore it is highly advisable that you write a highly convincing and motivational cover letter that will make anyone accessing it believe before he begins to even read it. Things such as why you think you should be awarded the bursary especially more than the other several thousand applying, how you can contribute to society when you have finished your program in school and especially how getting the bursary will be a stepping stone to achieving your dreams and changing your future for good.
A lot of students apply for bursaries and go to sleep which is very bad. When you apply for any bursary, ensure you regularly and consistently check your Emails and your phone text messages to be sure you have not or have received a message from those assessing your application.
Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.

Absa Bank Limited (Absa), previously known as “Amalgamated Banks of South Africa”, was founded in the year 1991 as is a wholly-owned subsidiary of the Barclays Africa Group. The bank currently serves customers throughout not only South Africa but also Botswana; Zambia; Namibia; Mozambique; Mauritius; Seychelles; Kenya; Ghana; Uganda; Tanzania and Nigeria.

Headquartered in South Africa, the South African financial services provider offers a range of business; corporate; retail; investment, and personal banking, including wealth and investment management and credit cards.

The bank’s core values include Service (putting their clients and customers first and at the centre of what they do); Respect (valuing and respecting all the people they work with and their contributions); Excellence (utilizing their best skills, energy, and resources in order to deliver sustainable excellent results); Integrity (acting ethically and fairly at all times) and Stewardship (leaving things in a better state than which they found them).

FIELDS COVERED & COVERAGE VALUE

Every year, ABSA awards bursaries to a handful of deserving students who are currently pursuing their tertiary studies. Bursaries are awarded within fields relating to the sector in which the company operates, in particular, the following fields:

Computer Science
Information Technology (IT)
Statistics
Risk Management
Mathematics
Industrial Engineering

The bursary will provide cover for the following expenses: registration fees, tuition fees, university accommodation (or university accredited accommodation), textbook allowance, meal allowance, transport allowance, and a laptop. Students will also have access to a wide range of counseling services, the buddy system, workplace exposure via structured vacation work, and soft skills training for integration into the working world.

ELIGIBILITY REQUIREMENTS

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
Studying within one of the aforementioned fields of study (Bachelor’s degree or equivalent)
Studying at a recognized University in South Africa
Achieved a minimum overall average of 75%

HOW TO APPLY FOR THE BURSARY

Applications must be done online at https://leap.ly/opportunities/268.
You will be required to Register and Login before you can apply.
You may be required to 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 be disregarded):

ID document (certified copy)
Matric certificate (certified copy)
Full tertiary academic record (certified copy)
Curriculum Vitae

CLOSING DATE

30 June
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)