Nedbank Scholarship Programme 2023/2024

Nedbank is currently looking to fund undergraduates looking for scholarships.

Bursary Details

The Nedbank External Bursary Programme (bursary) aims to fund academically deserving students who do not have the financial means to study fulltime towards a first undergraduate degree or diploma at a South African public university or university of technology.

The aim of the bursary programme is to address South Africa’s scarce-skills shortages, with a specific focus on green economy skills.

In short, green economy promotes sustaining and advancing economic, environmental and social well-being. Green-economy skills refer to those areas of study that focus on improving human well-being and social equity, while also significantly reducing environmental risks and ecological scarcities.

Green-economy skills include the reducing of carbon emissions and pollution, increasing energy and materials efficiency and enhancing our natural capital.

Please watch this space for application dates for the 2024 External Bursary Programme

Candidate Requirements

To be considered as an applicant for the Nedbank Education bursary, you must meet the following criteria:

• We will only consider applications from South African citizens.
• You must have a proven financial need, as determined by household income.

You must have obtained the following minimum academic results:

• An average of 65% in the year that you are applying for the bursary, ie in grade 12 or at university level.
• An average of 65% for the required subjects aligned to the degree you plan to study at university.
• We will not consider applicants who completed their grade 12 or senior certificate with Mathematics Literacy.
• You must have obtained admission to a South African public university or university of technology for the undergraduate qualification you plan to study.

Conditions of Bursary

Required supporting documents for shortlisted applicants

Parents, legal guardians and all income-earning members of a shortlisted applicant’s household must provide the following: 

• Written consent that they understand that personal information will be requested and given to third parties who will assist the Nedbank Educational Trust with verifying income.
• Completed income and expenditure statement for the applicant’s combined household income.

Certified copies of the following documents in a single batch, within seven working days of the application:

• Identity document(s).
• Most recent payslip(s), letter(s) of employment, not older than three months, of each parent or guardian.
• Proof of income, home loan account statement, and city/town council rates and taxes statement (not older than three months), if parents or guardians are informal traders or hawkers.
• IRP5, IT3 and IT12 forms for the past two years, if parents or guardians are earning commission only.
• An official pension slip or bank statement (not older than three months), if parents or guardians receive income in the form of pension/grant/maintenance/rent/interest from investments.
• Past three months’ bank statements.

Shortlisted applicants will be required to undergo psychometric and other assessments and attend a virtual interview.

When the screening process is completed, the application forms and screening results will be presented to the Nedbank Educational Trust for review. Bursaries will be awarded at the sole discretion of the Trust.

All applicants will receive feedback about the outcome of their applications when the recruitment process is completed.

Bursary Inclusion

A NEDBANK BURSARY COVERS THE FOLLOWING COSTS FOR UNDERGRADUATE STUDIES AT SOUTH AFRICAN UNIVERSITIES AND UNIVERSITIES OF TECHNOLOGY:

• fulltime tuition; prescribed textbooks; accommodation; meals; and a monthly stipend to cover the cost of out-of-pocket expenses.
• The bursary only funds studies in the next academic year and cannot be used to pay for existing or previous study loans or tuition expenses.

Application Form financial_checks_affidavit.pdf