The South African Institute of Chartered Accountants (SAICA) is a South African based accountancy body, in fact they are the top accountancy body in the country. The histpry of the company dates back to 1894, when it was formed in Johannesburg as “The Institute of Accountants and Auditors”.
SAICA is one of the global leading Institutes and currently boasts more than 36 000 members. The company prides itself on providing their CAs with advice, support and services over the course of their professional lives.
In 1987, SAICA joined forces with the Association for the Advancement of Black Accountants (ABASA) and the PAAB to create the CAs’ Eden Trust, as a means to porvide bursary funding to black CAs(SA). The name then changed to the Thuthuka Bursary Fund in 2002 and has since assisted many struggling students complete their studies and reach their dreams of becoming a CA.
ABOUT THE BURSARY PROGRAMME – FIELDS COVERED
The Thuthuka Bursary Fund is intended for academically strong black and coloured students, excelling in Mathematics, who wish to pursue a career in Chartered Accountancy (SA).
Each year, the bursary aims to assist 250 to 300 students who wish to study towards a BCom Accounting degree at one of the following SAICA-accredited universities:
- University of Johannesburg – Bachelor of Accounting (course code: BCA012)
- University of Witwatersrand – BAcc Science (course code: CB008)
- University of Pretoria – BCom Accounting Sciences (course code: 07130042)
- University of Fort Hare – B Commerce in Accounting (course code: 60001)
- University of the Free State – Bachelor of Accounting (course code: 6319)
- Rhodes University – Bachelor of Commerce (Accounting)
- Nelson Mandela University – BCom Accounting (course code: 40003)
- North-West University (Potchefstroom Campus) – BCom CA (course code: 500 155 E371P)
- University of Cape Town – Bachelor of Commerce (course code: CB011)
- Stellenbosch University – BCom Accounting (course code: 3091001)
MORE ABOUT THE BURSARY PROGRAMME – COVERAGE VALUE
The Thuthuka Bursary will cover the following study expenses: tuition fees, prescribed textbooks, meals and accommodation.
Students will also receive the following non-financial support: mentoring and counselling; social and emotional support; life skills training and work-readiness; academic support; as well as access to dedicated programme managers and exposure to business leaders and experienced chartered accountants.
Additionally, CTA (honours) students will be places into 3 year training contracts. Students who pass their Theory of Accounting (CTA or post-graduate degree) Certificate will be guaranteed employment.
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
- Black student (African or Coloured)
- Currently in Matric OR have completed Matric within the last 2 years
- Achieved a minimum of 60% or level 5 for Mathematics in Grade 11 (end of year results)
- Intend on studying towards a BCom Accounting (CA-stream) degree qualification
- Meets the university entrance qualifying criteria to study a BCom Accounting (CA-stream) degree qualification
- Applied OR are currently applying to study at a SAICA-accredited university (as listed above) (you must apply at a minimum of 2 universities – 1 must be close to your home)
- Proven financial need (this will be assessed by the NSFAS means test)
- Have written OR will apply and write the National Benchmark Tests (NBT) before the bursary closing date (as stated below)
HOW TO APPLY FOR THE BURSARY
Applications must be done online at: http://www.thuthukabursaryfund.co.za
You will be required to Register an account here: https://thuthukabursaryfund.co.za/user/registerbefore you can Login here: https://thuthukabursaryfund.co.za/user and apply.
Submit clear copies of the following supporting documentation along with your completed application form (the submission of these documents is compulsory – if any items are missing, your application be disregarded):
- ID document (certified copy of)
- Grade 11 final results (certified copy of)
- Matric latest results, if currently in Matric (certified copy of)
- Matric final results AND Matric certificate, if completed Matric (certified copy of)
- Parents/ guardians ID documents (certified copies of)
- ID documents or birth certificates of other dependants in your home (certified copies of)
- Parents/ guardians proof of income (latest payslips if employed/ affidavit if unemployed) (certified copies of)
- Signed copy of the Thuthuka Bursary Consent Form (.pdf)
- Letter from your school confirming your enrollment and subjects (stamped and signed on school letter
- University provisional letter of acceptance (to be submitted as soon as received)
- National Benchmark Tests results (if already completed)
BURSARY SELECTION PROCESS
The selection process includes the following steps:
1) Apply for the bursary and apply to at least 2 universities
2) Your application will be screened – if you are selected, you must submit your NBT results or apply to write the NBT test
3) All applications are assessed – if you are shortlisted, you will be contacted and informed of the next steps in the process
4) Your Matric results will be confirmed in January and you will be required to sign the TBF contract and offer letter
*Please note: if you do not receive any feedback, your application has not been successful.
31 August 2018.
(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 SAICA directly:
Tel: 011 621 6600