The OMIG Imfundo Trust Scholarship

Organisation

Old Mutual
Description

Imfundo Trust, is a scholarship initiative of the Old Mutual Investment Group (OMIG) that aims to address the shortage of black investment professionals and grow the pool of suitably qualified individuals in the asset management industry. The Imfundo Trust (“Imfundo” means “education” in Zulu), has spent approximately R4m per annum on university scholarships since its inception in 2011. It focussed on assisting deserving black students – with a special focus on women – to acquire tertiary training at selected top South African universities. We have between 30 and 40 beneficiaries on the programme per annum. Since the Imfundo Trust was launched in 2011, we’ve been able to help and empower many young South Africans. Between 2013 and 2015, 62 students have graduated as professionals, across 11 universities and currently have 31 students working towards the completion of their degrees in the following fields of study: Finance, Law, Accounting, Economics, Mathematics, Engineering and Agriculture. The OMIG Imfundo Trust scholarships provide funding to study on a full-time basis for a first-time undergraduate degree/diploma (including BTech) at an accredited University Institutions in South Africa.
Bursary Fields

Accounting, Agriculture, Business , Computer Programming, Computer Science, Engineering, Law, Mathematical Sciences
Who Can Apply

The main criteria considered for the scholarships are based on academic excellence: Selection will be done on the basis of Grade 11 final results, Grade 12 June results and Grade 12 preliminary results; The minimum requirements are: A 70% average and not less than 70% for Mathematics, and 70% for English FAL (or 60% for English HL); The Imfundo Trust Programme is for candidates whose parent(s) or guardian(s) would not be able to afford paying their tertiary fees ; Learners from rural and township backgrounds will be given preference; Hard working learners who are able to demonstrate that they are more likely to succeed in tertiary study; At least 50% of candidates should be black female

Bursary Levels

Graduates , School leavers (Year 12), Undergraduate
Which Countries can Apply?

South Africa
Value

Registration and tuition fees, for students studying on a full time basis; Prescribed books and other approved study materials.; Approved accommodation; Meals and a small stipend. Student support is provided for all of our students, in the form of our service providers, StudyTrust. Support is also given to final year students who are required to find work experience in their line of study.
Duration

1 year renewable
Closing Date

30 September 2018
Contact Details

902 Heerengracht Building, 87 De Korte Street, Braamfontein, 2001
P O Box 29192, Melville, 2109
http://www.studytrust.org.za
Application Address

https://studytrust.org.za/index.php/investors/53-the-imfundo-trust