Old Mutual Accounting 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 MY 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 Parent’ 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.
Old Mutual is Southern Africa’s most well-established and biggest financial services provider, providing services to individuals and businesses. The companies personal finance solutions include a range of insurance cover options and savings plans for individuals, including financial planning; retirement planning; education planning; savings and investments; disability and severe illness cover; wills and trusts; short-term insurance life insurance and funeral cover.
The companies business solutions include institutional investing; retirement investments; consulting services; retirement fund solutions; corporate servicing; cell captive solutions; employee well being; risk and disability benefits; business insurance and agriculture insurance.
FIELDS COVERED, COVERAGE VALUE & OTHER OPPORTUNITIES
The Old Mutual Accountancy Bursary will be awarded for Accounting studies at University of Cape Town/ University of Stellenbosch/ University of the Witwatersrand/ University of Pretoria.
The bursary will cover the following expenses: tuition fees, accommodation in residence, prescribed books, general allowance and one return flight home each year for learners studying outside of their hometown.
Students will be required to commit to the Old Mutual CA Training Programme, take part in vacation work and on completion of your studies you must work at the company for a specific duration of time.
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
- Black student (African/ Coloured/ Chinese/ Indian)
- Completed Matric OR currently in Matric
- Achieved a minimum Level 6 or 70% for all subjects in Matric, including English and Mathematics (NOT Mathematical Literacy)
- Studying or intend on studying towards an Accounting qualification
- Studying or intend on studying at one of the following tertiary institutes: University of Cape Town/ University of Stellenbosch/ University of the Witwatersrand/ University of Pretoria
- Intend on pursuing a career in Chartered Accounting
HOW TO APPLY FOR THE BURSARY
Applications must be done online at: https://www.oldmutual.co.za/careers-centre/learners-and-school-leavers/accounting-bursaries.
You may be required to submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application be disregarded):
- ID document (certified copy)
- Grade 11 final results, if currently in Matric (certified copy)
- Matric certificate/ final results, if completed Matric (certified copy)
- Latest tertiary academic record, if currently at University (certified copy)
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact Old Mutual directly:
Tel: 021 504 7285
That’s the much we can take on the topic “Old Mutual Accounting Bursary South Africa ”.
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