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  • Ithala Bursary Scheme

ITHALA BURSARY SCHEME.

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Background

AS ITHALA DEVELOPMENT FINANCE CORPORATION, WE RECOGNIZE THE NEED TO DEVELOP KEY SKILLS WITHIN THE COMMUNITY IT SERVES. TO FURTHER ENHANCE THE AVAILABLE SKILLS IN KWAZULU NATAL, ITHALA HAS ESTABLISHED A BURSARY SCHEME TO ASSIST PREVIOUSLY DISADVANTAGED MATRICULANTS BASED IN THE PROVINCE TO ACQUIRE TERTIARY QUALIFICATIONS IN SPECIFIED FIELDS OF STUDY AT CERTAIN RECOGNIZED TERTIARY EDUCATIONAL INSTITUTIONS IN SOUTH AFRICA.

Young men and women are given new hope, not only to escape poverty themselves, but also to uplift their families, through the prospect of furthering their studies.

APPLICATION PROCESS

  • Learners obtain an application form from the Ithala Website, Ithala Branch or any of the Ithala Offices.The completed application forms can be sent through via email, fax or post.

The learners will qualify should they meet ALL of the following criteria:

  • Is the learner at a rural or township school?
  • Mid-year Grade 11 average must be 70% or more. Add up the marks of six other subjects and divide by 6 to calculate average. Ultimately Ithala will verify the information provided in the application, because we will have access to the actual results from the school.
  • Must submit mid year Grade 12 results.
  • The family should be economically disadvantaged. The total annual household income (before tax and deductions) must be less than R140 000. We will also look at the monthly amount divided by the number of people in the household which should not exceed R 2600 per person.
  • Must be a South African citizen.
  • If they meet the above criteria but have completed National Senior Certificate within the last 2 years may apply if they are seeking to enter higher education for the first time.

The learners will qualify should they meet ALL of the following criteria:

  • Application forms are available from 19th September 2016.
  • Closing date for submission of application: Deadline 28th October 2016 by 23h59pm (Learning and Development office).
  • Feedback to applicants under consideration: 18th November 2016.
  • Interviews of the final 10 short listed applicants from 28th November till the 2nd December 2016.
  • Provisionally accepted applicants receive a sms on 15th December 2016.
  • Provisionally accepted applicants submit NSC results and confirmation of a place to study chosen course at a university or university of technology as soon as received, early in January 2017. Ithala starts final confirmations in the first week of January.
  • Applicants need to follow up with universities to ensure that their place to study is confirmed.
  • Students individually confirmed on Programme and inducted by fourth week of January 2017.

STUDY DISCIPLINE

  • Mechanical and Quantity Surveying
  • Architecture and
  • Information Technology
  • Agricultural Business Management

REQUIREMENTS

  • Must be from the rural and impoverished township community.
  • Must be African, preferably female.
  • Must be South African citizen and reside in KwaZulu-Natal.
  • Must not have been in the employ with any organization on a full time basis.
  • Must be in matric or already matriculated.
  • Must have no criminal record.
  • The individual must be willing to undergo a panel interview and psychometric assessments if required.
  • Must be willing to study in a KZN based university or university of technology.

PROGRAMME OUTLINE

  • Breakdown of Assistance

THE FOLLOWING WILL BE AWARDED TO INDIVIDUALS UNDER THE BURSARY SCHEME:-

  • Registration and Tuition fees,
  • Accommodation, Meals and,
  • Stationery.

EXCLUSION

  • This is not applicable to Ithala management, staff and their families.
  • All other costs that have not been included within the bursary scheme.

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© Copyright 2015
Ithala is an Authorised Financial Services and Credit Provider
FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30
Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited