The Industrial Development Corporation (IDC) is inviting students to apply for their bursary programme for the 2024 academic year, so if you are a student who needs financial assistance, you can utilize this opportunity to apply for this bursary.
This article will help you with your application by providing information about the IDC Bursary, its eligibility requirements, and how to apply for the bursary programme.
About IDC Bursary
The Industrial Development Corporation is a national development finance institution owned by the government of South Africa, that provides youth enterprises, that are undertaking industrial development projects, with financial and non-financial support.
The IDC Bursary will cover the following expenses for its recipients: Tuition fees, Books related to the course, Accommodation, Meals, and Allowance. A laptop will also be provided.
Eligible Fields of Study
The IDC will be awarding bursaries to students who are currently studying/intend on studying full-time towards Science, Technology, Engineering, and Mathematics (STEM qualifications), including Accounting/Financial Studies and Law. Studies in the following fields will be funded:
Engineering:
- Agricultural Studies
- Analytical Chemistry
- Chemical Engineering
- Civil/Construction Engineering
- Electrical Engineering
- Electronic Engineering
- Financial Engineering
- Geology (University of Technology leading to B. Tech)
- Industrial Engineering
- Metallurgy Engineering
- Mechanical Engineering
- Mining Engineering
Applied Commercial Sciences:
- Actuarial Science
- Agricultural Studies
- BCom Accounting (CA)
- BCom Information Systems
- Computer Science
- Cost and Management Accounting
- Econometrics
- Economics
- Environmental Science
- Financial Management
- Information Technology
- Internal Audit
- Investment Management
- Mathematics
- Physics
- Quantitative Finance
- Quantitative Risk Management
- Statistics
Bachelor of Law:
- Commercial Law (BCom)
- Law (Postgraduate Diploma)
- LLB (Bachelor of Law)
Eligibility Requirements
For you to be deemed eligible for the IDC bursary, you have to satisfy the following requirements:
- You must be a resident of South Africa.
- You must be a South African resident.
- You must be between 16 – 25 years old.
- You must have completed matric (or currently writing)
- You must be pursuing a full-time undergraduate degree in one of the aforementioned fields, or you must plan to do so.
- You must be enrolled in, or plan to enrol in, a South African public university, university of technology, or TVET college (the bursary will NOT cover studies at private institutions)
- Graduate students: you must have earned a minimum grade of “B” in math and science, as well as a 75% overall average.
- Graduate students: Your cumulative average must be at least 65%.
- Those enrolled in tertiary education must have completed all of their courses.
- You cannot receive any other funding from a scholarship or an employer.
- You must demonstrate a need for assistance based on your household’s overall income.
- Students who live in rural areas will be prioritised.
How to Apply for the IDC Bursary
- Visit the bursary portal
- Click the sign up button (if you’re a new user)
- After registering, login with your details and begin your application
- Submit the required documents
Required Documents
- Identity card (certified copy)
- Final grades for grade 11 and, if you are a current Matric student, June results (certified copies)
- Certificate of completion for Matric (certified copy)
- If not studying this year, the most recent academic results (certified copy)
- Complete tertiary academic record, if you’re still in school (certified copy)
- Proof of acceptance or conditional admission to a university or college (on institutions letterhead)
- The guardians or parents an affidavit or the most recent audited financial statements if you are self-employed, latest pay stubs if you are employed, a death certificate if you are deceased, a divorce certificate if you are divorced, or a sworn statement, if you are separated, are all acceptable forms of proof of income. (official copies)
Closing Date
The applications will be closed on 30 September 2023. Any application after this date will not be accepted. If you have any queries, contact IDC.
Check out other Bursaries:
Funza Lushaka Bursary 2024 – How to Apply
SAAFoST Undergraduate Bursary 2024 – How to Apply
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