ABSIP Bursary South Africa 2023 – 2024

ABOUT THE COMPANY – ABSIP

ABSIP Bursary South Africa | The Association of Black Securities and Investment Professionals (ABSIP) was founded in order to address the shortage of black professionals within the investment and securities industry, as well as to engage in a way to make a positive impact on the economy.

Established in 1995, ABSIP is now highly influential in the Financial Sector transformation and is affiliated with the BBC (Black Business Council).

ABSIP members include individuals who are new to the Financial Services Sector, as well as professionals with many years of experience. The companies membership includes a range of sub-sectors, including Corporate Banking, Private Banking, Retail Banking, Investment Banking, Asset Management, Insurance, Employee Benefits, Corporate Finance, Stock Broking, Private Equity, Financial and Corporate Managerial Consulting, Treasury and Development Finance Institutions (DFIs).

ABOUT THE ABSIP BURSARY PROGRAMME – FIELDS COVERED

The ABSIP Bursary Fund is inviting students to apply for the STANLIB Bursary, for the 2023 academic year.

STANLIB, partnered with ABSIP, is offering bursary funding to historically disadvantaged students, for studies towards an Investment Management career-related qualification, at selected universities.

Preference will be given for studies towards Bachelor of Business Science (BBusSc), Bachelor of Commerce (BCom) and Bachelor of Science (BSc) qualifications, within the following fields:

Business Finance
Economics
Financial Analysis
Investment Management
Mathematics
Statistics

MORE ABOUT THE ABSIP BURSARY PROGRAMME – COVERAGE VALUE

The bursary will provide cover for the following expenses: tuition fees, book allowance (textbooks/ course material), laptop (to be determined by ABSIP), accommodation and a stipend (to be determined by ABSIP).

Bursary recipients may also have the opportunity to partake in vacation work, from 3rd year onwards – this will be facilitated by STANLIB Learning and Development/ Human Capital.

Zabusaries.com is committed to keeping you up to date with the latest bursary opportunities, and this article covers all details about the ABSIP Bursary.

Bursaries are renewed each year based on satisfactory academic performance.

ELIGIBILITY REQUIREMENTS FOR THE ABSIP BURSARY

Applicants must satisfy the following minimum entry criteria before applying for the ABSIP Bursary (please note that failure to satisfy all the requirements will lead to your application not being considered):

You must be a South African citizen
You must be from a historically disadvantaged background
You must be Black (as defined by the B-BBEE Act)
You must be studying or intend on studying full-time, towards an Investment Management career-related qualification
You must be accepted and or enrolled at one of these universities: University of Cape Town, University of Western Cape, Stellenbosch University, University of Johannesburg, University of Pretoria, University of Witwatersrand, Rhodes University, University of Free State, University of Fort Hare, University of Limpopo, University of KwaZulu-Natal, University of Zululand, University of Venda, Walter Sisulu University or Nelson Mandela University
You must have a strong academic record
You must have achieved a minimum average of 75% for core academic modules/ subjects
You must intend on pursuing a career within the Investment field
You must be in financial need
You must NOT have permanent work experience (except for vacation work experience)
You must NOT be a STANLIB employee or a relative of a STANLIB employee
You must preferably also demonstrate leadership qualities and have participated in extramural activities (sports, debating, chess clubs etc)
You must sign up for a free ABSIP student membership (sign up here)

HOW TO APPLY FOR THE ABSIP BURSARY

Applications must be submitted online at; ABSIP Bursary Application 2023

Enter “Zabusaries.com” in the field asking how you heard about the ABSIP bursary.

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 may be disqualified):

ID document (certified copy)
Academic Record/ Transcripts (on institutions letterhead)
Quote or fee statement from your University (on the institution’s letterhead)
A motivational letter stating why you wish to study or are studying towards an Investment Management qualification (1 page) (read our tips on how to write a motivational letter for your bursary application)

CLOSING DATE FOR THE ABSIP BURSARY

13 February 2023.
(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 the Association of Black Securities and Investment Professionals (ABSIP) directly:
Tel: 010 203 9025
Email: admin@absip.co.za

Please do NOT contact ABSIP if this bursary has already closed.

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NSFAS National Student Financial Aid Schemes

NSFAS: What is NSFAS?

NSFAS, or National Student Financial Aid Scheme, was established according to the National Student Financial Aid Scheme Act of 1999 and incorporated the Tertiary Education Fund of South Africa (TEFSA), which stopped operating in 2000.