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Land Bank Bursary South Africa 2023/2024

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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.

The Land and Agricultural Development Bank of South Africa (Land Bank), was established in 1912 and is government-owned by the Development Finance Institution. The bank’s key shareholder is the National Treasury and it is governed by the Land and Agricultural Development Bank Act 15 of 2002.

The Bank provides financial services to farmers, including the financing of land, equipment, assets, and credit.

FIELDS COVERED

Land Bank will be awarding bursaries each year, in fields aligned to the business needs of the company. This year bursaries will be awarded within the following fields of study:

Finance
Credit
Business Management
Risk Management/ Compliance
Internal Auditing & Procurement
Investment Management
Insurance
Project Management
Human Resources
Legal
Information Technology
Agricultural related studies

COVERAGE VALUE & SELECTION

The bursary will provide cover for tuition fees, prescribed books, accommodation, and meals. Successful recipients will be required to sign a bursary contract with Land Bank.

Shortlisted applicants will be required to attend an interview at the Land Bank Head Office in Centurion before final selection is made.

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 (2nd/ 3rd/4th-year students only)
Registered or accepted to study at a University/ University of Technology/ Agricultural College in South Africa
Strong academic record
Interested in pursuing a career within the Agricultural sector
Proven financial need
NOT in receipt of any other bursary funding

HOW TO APPLY FOR THE BURSARY

Application forms are available on the Land Bank website here: https://landbank.co.za/Pages/Bursary-Opportunities.aspx
Upload 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 or Matric results (certified copy)
Full academic record, if currently at tertiary level (certified copy)
Proof of registration/ acceptance from a tertiary institution
Parents/ guardians proof of household income (payslips if employed/ sworn affidavit if unemployed)
Completed and signed the Land Bank Declaration of Financial Conditions (.pdf)

Applications must be submitted electronically via email to: [email protected]
(Insert the words “Land Bank Bursary Application – Your Full Name” in the email subject line).

CLOSING DATE

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