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WHAT IS A BURSARY?

According to Wikipedia, A bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary the individual is usually obligated to be employed at the institution for the duration as the bursary. According to The Good Schools Guide, a bursary is “usually for helping out the impoverished but deserving and those fallen on hard times.

According to The Hobsons UK Boarding Schools Guide, numerous independent schools have bursary capability, namely grants from the school to help pay education fees. These are usually awarded after a “means test” of family income and are not necessarily dependent on examination performance, although some account of academic ability will be taken. Bursaries may be awarded in addition to scholarships where financial need is demonstrated and the prospective student would otherwise be unable to enter the school.

To obtain such a bursary, it is customary for parents to be asked by the school’s bursar to fill in an application form, giving details of their financial circumstances, supported by documentary evidence, including capital assets. The application will be considered by the school in accordance with its bursary policy. The award will often only remain in force until the pupil has sat the next relevant public examination. Most schools will review bursaries annually to ensure that the justification for an award remains. In Britain, any award made before GCSE will not necessarily continue to the A-level stage.

Bursaries are similar to “scholarships” or “prizes“, which are based on performance. These awards are generally given for good performance in the exams preceding university or college entrance in which the student achieves grades above the standard entry. These can be awarded by universities or, sometimes, by companies

THINGS TO KEEP IN MIND WHEN APPLYING FOR A BURSARY

A lot of students are usually confused when it comes to scholarship or bursary application. When they have answered the most difficult question of where to start, then the other process becomes seamlessly easy for them. Basically that’s why we have decided to include this post to enable you successfully apply for bursaries especially for this year to aid your academic cause. The following are those important things to note before applying for a bursary.

1. Most bursaries will request for your Latest Academic Record duly signed from your school, your ID document, evidence of tertiary application and most importantly an authentication that you were accepted. Similarly, some bursaries will require you to provide another proof of Guardians or parents’ source of income and residence. After successfully sorting out these documents, then your next step is to ensure you verify your documents. If you don’t know how to, simply visit any commissioner of oath at a post office, bank, or police station.
2. Integrity they say is telling myself the truth while honesty is telling the truth to other people. Honesty is more than not lying. It is truth-telling, truth speaking, truth living, and truth loving. Therefore, you must ensure that whatever information you are providing is the truth and nothing but the truth. Fill all blank spaces with correct data. No legacy is so rich as honesty.
3. A whole lot of students apply for bursaries without having any references at all and in other cases have references that can’t be reached. Most times this is the first step to not getting the bursary you have applied for. If you need the bursary you are applying for and you want it, then go ahead and find references with correct contact addresses.
4. A lot of students also don’t have enough writing skills to win their desired bursary which can prove to be a stone in the neck in the long run. Therefore it is highly advisable that you write a highly convincing and motivational cover letter that will make anyone accessing it believe before he begins to even read it. Things such as why you think you should be awarded the bursary especially more than the other several thousand applying, how you can contribute to society when you have finished your program in school and especially how getting the bursary will be a stepping stone to achieving your dreams and changing your future for good.
5. A lot of students apply for bursaries and go to sleep which is very bad. When you apply for any bursary, ensure you regularly and consistently check your Emails and your phone text messages to be sure you have not or have received a message from those assessing your application.
6. Lastly, ensure you always check for bursary deadlines or closing dates so you can know exactly when to apply.

The University of Johannesburg was established in 2005 when a merger occurred between the Rand Afrikaans University (RAU), the Soweto and East Rand campuses of Vista University and the Technikon Witwatersrand (TWR).
Below is a list of bursaries specifically for UJ students (current and prospective). See which bursaries are applicable to you and follow the simple instructions on how to apply.

The Auditor-General of South Africa (AGSA) was established over 100 years ago, in 1911. AGSA is the supreme audit institution of South Africa, whose role it is to audit and report on the spending of South African taxpayers’ money by the South African government.

The AGSA is loyal to supporting South Africa’s transformation aspirations, which strives to promote the B-BBEE (Broad-Based Black Economic Empowerment) codes of good practice.

FIELDS COVERED, COVERAGE VALUE & SERVICE CONTRACT

AGSA will be awarding bursaries to students currently studying or intending on studying towards a Chartered Accountant qualification, including the following qualifications:

• BCom Accounting CA stream
• Bachelor of Accounting CA stream
• BCompt

The bursary will cover the following expenses: tuition, prescribed textbooks, meals, and accommodation at university.

Bursary recipients will be required to partake in training with AGSA once they have graduated or serve articles.

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):

Matric students (applying for 1st year):

• South African citizen
• Currently in Matric
• Achieve a minimum result of 60% for English
• Achieve a minimum result of 60% for Mathematics (NOT Mathematics Literacy)
• Achieve a Matric exemption
• Be accepted to study at a SAICA-accredited University
• Intend on studying full-time towards a Chartered Accountancy qualification

1st-year students (applying for 2nd year):

• South African citizen
• In your first year of full-time study towards a Chartered Accountancy qualification
• Studying at a SAICA-accredited University
• Achieve a minimum result of 60% for Financial Accounting
• Achieved a minimum result of 60% for English and Mathematics (NOT Mathematics Literacy) in Matric

2nd-year students (applying for 3rd year):

• South African citizen
• In your second year of full-time study towards a Chartered Accountancy qualification
• Studying at a SAICA-accredited University
• Achieve a minimum result of 60% for Financial Accounting
• Achieve a minimum result of 60% for Management Accounting

Final year students (applying for postgraduate studies):

• South African citizen
• In the final second year of full-time study towards a Chartered Accountancy qualification
• Achieve a minimum result of 55% for all core modules
• Accepted into the CTA program

Students must ALSO meet the following requirements in order to apply:

• Be proficient in English
• Have strong communication skills
• Have excellent interpersonal skills
• Have strong leadership potential
• Be determined and committed to succeed

HOW TO APPLY

Applications must be done online at: http://www.agsa.co.za/Bursary2024/

You will need to Register an account here (https://www.agsa.co.za/Bursary2024/Registration.aspx) before you can log in and apply here (https://www.agsa.co.za/Bursary2024/login.aspx).=
Submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory – if any items are missing, your application be disregarded):

Matric students:

• ID document (certified copy)
• Grade 11 final results (certified copy)
• Matric mid-year results (certified copy)
• University acceptance letter

1st-year students:

• ID document (certified copy)
• Matric certificate (certified copy)
• Full academic record

2nd-year students:

• ID document (certified copy)
• Full academic record

Final year students:

• ID document (certified copy)
• Full academic record
• CTA program acceptance letter

CLOSING DATE

15 September
(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 program, please contact AGSA directly:
Auditor-General South Africa
Head Office
Tel: 012 426 8000
Email: agsa2@agsa.co.za