Old Mutual Investment Group (OMIG) Imfundo Trust Scholarship South Africa 2020

ABOUT THE COMPANY – OLD MUTUAL INVESTMENT GROUP

The Old Mutual Education Trust was established to form part of the landmark BBEE (Broadbased Black Economic Empowerment) transaction and to ensure that the funding from the Old Mutual BEE deal was correctly allocated to Old Mutual’s business partners members and dependants.

The Imfundo Trust, an Old Mutual Investment Group (OMIG) scholarship initiative was founded to help address the lack of black investment professionals within the country and to increase the number of qualified professionals in the asset management industry. Between the period 2011 and 2019, around R39 million has been spent funding students in their tertiary education. The scholarship programme funds around 20 beneficiaries each year, mainly black deserving students (especially women) at South Africa’s top universities.
 

ABOUT THE BURSARY PROGRAMME – FIELDS COVERED & COVERAGE

The Old Mutual Investment Group (OMIG) Imfundo Trust will be awarding scholarships within the following fields of study (undergraduate degree or diploma):

  • Business
  • Commerce
  • Finance and Management Sciences/ Studies
  • Law
  • Mathematical Sciences
  • Computer Science
  • Data Processing
  • Agricultural Studies
  • Engineering
  • Engineering Technology

MORE ABOUT THE BURSARY PROGRAMME – COVERAGE & SELECTION

The bursary will provide cover for the following expenses: registration fees, tuition fees, prescribed books, approved study materials, accommodation in residence or equivalent private accommodation, meals and a small stipend.

Applicants can expect to receive the outcome of their application via email by 21 December 2020. If you have not received any correspondence by 15 January 2021, please contact StudyTrust.
Shortlisted applicants will be required to attend an interview and other relevant factors will be considered when making the final selection decision.
 

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
  • Completed Matric OR currently in Matric
  • Studying or intend on studying full time within one of the aforementioned fields of study
  • Will be in your 1st or 2nd year of study in 2021
  • Studying or intend on studying at a recognised public University in South Africa
  • Students entering the 1st year of study in 2021: must have achieved a minimum average of 70% in the mid-year Matric examinations AND a minimum of 70% in Mathematics, 70% in English FAL or 60% in English HL
  • Students currently in the 1st year of study: must have achieved a minimum average of 65% in the most recent exams
  • Preference will be given to students from rural and township areas

HOW TO APPLY FOR THE BURSARY

Applications must be done in one of the following ways:
1) Online at: https://leap.ly/campaign/study-trust
You will be required to Register an account before you can Login and apply. This is the preferred method of application.

2) By downloading and completing the StudyTrust Bursary Application Form (.pdf)
Only for current Matric students and Gap year students who do NOT have internet access. A valid email address is required.

Applications must be submitted via email to apply@studytrust.org.za or faxed to 086 538 1537.
 

Submit clear copies of the following supporting documentation along with your online or hardcopy application form (the submission of these documents is compulsory – if any items are missing, your application be disregarded):

  • ID document (certified copy)
  • Matric latest results, if currently in Matric (certified copy)
  • Matric certificate, if completed Matric (certified copy)
  • Full tertiary academic record, if at tertiary level (certified copy)
  • Proof of provisional admission to a tertiary institution
  • Curriculum Vitae
  • Photo of you (head and shoulders only)
  • Testimonial from an Educational Official
  • Parents/ guardians/ household proof of income (salary or wage slips if employed/ affidavit if unemployed/ affidavit stating annual income if self-employed/ 3 months most recent bank statements or latest audited financial statement if they own a business/ SASSA letter stating grants received if applicable/ death certificate if deceased/ letter from the court stating child support amount if parents are divorced or affidavit from parent stating the child support amount received if parents are separated)

CLOSING DATE

30 September 2020.
(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 StudyTrust directly:
Fax: 086 538 1537
Email: apply@studytrust.org.za / applications@StudyTrust.org.za

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