Industrial Development Corporation Bursary 2024 Intake

03:01 Monrovia 0 Comments


 About IDC

In an era fueled by rapid technological advancements and the pursuit of innovation, the Industrial Development Corporation (IDC) stands at the forefront of driving economic growth and development in numerous industries. With a steadfast commitment to nurturing talent and empowering aspiring professionals, the IDC proudly announces its highly coveted bursary program for the year 2024. This prestigious initiative aims to unlock the potential of bright young minds and foster a skilled workforce that will shape the future of South Africa's industrial landscape. The Industrial Development Corporation, a cornerstone of South Africa's economic transformation, is a state-owned development finance institution. Established in 1940, the IDC plays a pivotal role in driving industrialization and sustainable economic growth across various sectors, including manufacturing, mining, agriculture, and services. By providing financial support, business development services, and strategic partnerships, the IDC endeavors to unlock opportunities, facilitate job creation, and enhance the country's competitiveness on a global scale.

The IDC firmly believes in the power of education as a catalyst for economic progress and societal upliftment. Recognizing the importance of developing a skilled workforce to drive innovation and competitiveness, the IDC Bursary Program for 2024 is designed to empower deserving individuals to pursue their dreams and gain the necessary qualifications to contribute meaningfully to South Africa's industrial landscape. With a commitment to inclusivity, the IDC Bursary Program targets students from diverse backgrounds and fields of study, including engineering, technology, finance, agriculture, natural sciences, and more. By investing in the education and potential of these promising individuals, the IDC seeks to foster a pool of talent that will spearhead innovation, contribute to sustainable development, and address the challenges of a rapidly evolving global economy. The IDC Bursary Program for 2024 presents an unparalleled opportunity for ambitious individuals to receive financial assistance, mentorship, and exposure to the dynamic industries that the IDC supports. Through this comprehensive support system, recipients will gain valuable skills, practical experience, and a deeper understanding of the real-world challenges and opportunities within their chosen fields.


The Industrial Development Corporation (IDC) is inviting students to apply for their bursary program, for the study year of 2024.

The bursary will be awarded for studies in fields which are directly related to industry, including:


·         Analytical Chemistry

·         Chemical Engineering

·         Civil Engineering

·         Electrical Engineering

·         Electronic Engineering

·         Financial Engineering

·         Geology (leading to BTech at University of Technology)

·         Industrial Engineering (BSc)

·         Mechanical Engineering

·         Metallurgy Engineering

·         Mine Survey

·         Mining Engineering

Applied Commercial Sciences

·         Accounting (CA BCom)

·         Quantitative Risk Management

·         Statistics

·         Actuarial Science

·         Agriculture

·         Computer Science

·         Economics

·         Information Systems (BCom)

·         Investment Management

·         Econometrics

·         Environmental Science

·         Mathematics

·         Physics

·         Quantitative Finance

·         Financial Engineering

·         Information Technology


• BCom Law (Commercial law)

• Bachelor of Law (LLB)

• Postgraduate Diploma in Law

Minimum entry requirements

·         South African nationality

·         Must be between the ages of 16 and 25 years old, completed grade 12 OR presently enrolled in grade 12.

·         Studying full-time or intending to study full-time in one of the aforementioned disciplines of study.

·         Studying or intending to study in a South African recognized university or university of technology (NB- NOT a private university or college)

·         Current Matric students must have a minimum 70% in Mathematics and Science, as well as a minimum grade average of 75%.

·         Current tertiary students must have an overall average of at 65%.

·         The IDC Bursary Program is for applicants whose parents earn a combined household income up to 350 000 k.

·         Deserving students whose parents earn a combined household income up to R600 000,00 may be considered and are therefore invited to apply.

Documents required:

·         Identification Document.

·         Academic record if you are in tertiary at present.

·         NSC Certificate if you have completed, your highschool studies.

·         Grade 11 final report if you are currently in grade 12 and June report.

·         Proof of university acceptance (conditional offer etc).

·         Proof of Guardians income (i.e payslip).

All of the above must be certified.

What the bursary covers?

·         Tuition and Textbooks.

·         Accommodation

·         Meals

·         Allowance

·         And a laptop


The application form must be completed online only on their website (click here) and should be submitted together with all the required supporting documents. Please ensure that the online application form is completed in full, otherwise the application will not be considered.

Shortlisted applicants will complete an online interview questionnaire. Successful applicants will be notified by email and/or telephonically. Closing date: 31st of September, best of luck to all candidates. 



Contact: 011 269 3374

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