Sanlam 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.

The University of Johannesburg was established in 2005 when a merger occurred between the Rand Afrikaans University (RAU), the Soweto and East Rand campuses of Vista University and the Technikon Witwatersrand (TWR).
Below is a list of bursaries specifically for UJ students (current and prospective). See which bursaries are applicable to you and follow the simple instructions on how to apply.

Sanlam was founded in 1918 originally as a life insurance company, but over the years the company has evolved to become a diversified financial services business with a local and international footprint. The group provides individual and institutional clients with financial solutions across all market segments, through its business clusters, namely Sanlam Investments; Sanlam Emerging Markets; Sanlam Corporate; Sanlam Personal Finance, and Santam.

Sanlam currently employs approximately 18 000 staff members, services over 10 million clients, and is listed on the JSE (Johannesburg Stock Exchange) as well as on the NSE (Namibian Stock Exchange).

The group operates throughout Africa (including South Africa; Swaziland; Zambia; Botswana; Namibia; Nigeria; Tanzania; Mozambique; Uganda; Kenya; Malawi; Ghana and Rwanda), as well as in the United Kingdom, Malaysia, India, with additional business interests in Australia, the USA, and the Philippines.

FIELDS COVERED & COVERAGE VALUE

Sanlam is offering bursary awards to Actuarial Science students. Those who have achieved excellent results for Mathematics, have good problem-solving skills, and can maintain discipline and focus should apply.
The Sanlam bursary will cover the following study expenses: tuition fees, actuarial board exam fees, accommodation fees, book allowance, travel allowance, and pocket money.

Apart from financial aid, students will also receive the following:

Vacation work
Opportunities to network with Sanlam staff members
Academic support and mentoring from actuarial professionals at Sanlam
Rotational work opportunities across various disciplines
A guaranteed employment position once graduated

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
Currently in Matric OR have completed Matric
Enrolled and been accepted to study Actuarial Science in the upcoming year
Achieved a minimum of 90% for Mathematics (for Matric and Grade 11)
Achieved a minimum “A” overall average (for Matric and Grade 11)
Strong mathematical skills
*Preference will be given to students from designated groups (African/ Indian/ Coloured)

Students must also possess the following personal attributes:

Good communication skills
Have strong analytical abilities
Adaptable to various situations
Able to function independently
Good problem-solving skills
Good attention to detail
Have order and accuracy

HOW TO APPLY FOR THE BURSARY

Applications must be done online at https://careers.sanlamcloud.co.za/job/Actuarial-Bursaries-WC/523465701/.
Submit clear copies of the following supporting documentation (the submission of these documents is compulsory – if any items are missing, your application be disregarded):

ID document (certified copy)
Grade 11-year end results
Latest Matric results, if currently in Matric
Matric certificate, if completed Matric (certified copy)
Curriculum Vitae
Motivational letter (explaining the following in your own words: What does an Actuary do. Why you wish to study Actuarial Science. Why do you deserve to be awarded the bursary? Do you have the skills and will to become an Actuary? If you do not become an Actuary, what career will you pursue.)

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.)