The Nedbank Bursary Programme 2024

01:54 Monrovia 0 Comments


Education is the cornerstone of progress and development, offering individuals the opportunity to unlock their potential and contribute meaningfully to society. Recognizing the importance of education and the financial barriers that many face, Nedbank, one of South Africa's leading financial institutions, established the Nedbank External Bursary Programme. This article provides an in-depth exploration of the programme, encompassing its historical background, minimum requirements, eligibility criteria, and the comprehensive support it offers to aspiring students.

Nedbank, founded in 1888, has a rich history rooted in South Africa's economic landscape. Initially established as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (Dutch Bank and Credit Union for South Africa), it has since evolved into one of the country's largest banks, renowned for its commitment to innovation, sustainability, and community development. Nedbank, a cornerstone of South Africa's financial landscape, has long been recognized for its commitment to sustainable development and social responsibility. Beyond its External Bursary Programme, Nedbank actively engages in various community initiatives and partnerships aimed at uplifting disadvantaged communities, promoting environmental conservation, and fostering economic empowerment. With a legacy of over a century and a vision for a brighter future, Nedbank continues to lead by example, demonstrating the transformative power of responsible corporate citizenship and ethical leadership in driving positive change.

The Nedbank External Bursary Programme exemplifies the bank's dedication to fostering education and nurturing talent within South Africa. Designed to empower deserving individuals from diverse backgrounds, the programme offers financial assistance to students pursuing undergraduate and postgraduate studies in various fields.

 Minimum criteria:

·         South African citizenship or permanent residency.

·         Enrolment or acceptance into an accredited South African tertiary institution.

·         Must be applying for your first undergraduate degree.

·         Demonstrated academic excellence and potential for success in chosen field of study.

·         Financial need, evidenced by the inability to afford tuition fees and related expenses without assistance.

·         A grade average of 65 and above.

·         65 for each major module if you are already in university.

The Nedbank External Bursary Programme prioritizes inclusivity and diversity, welcoming applications from individuals across South Africa who meet the minimum requirements outlined above. Whether from urban centres or rural communities, applicants are assessed based on their academic merit, financial need, and potential to positively impact their respective fields upon completion of their studies.

Documents required from applicants:

·         A certified copy of your South African identity card/document.

·         Your most recent academic transcript, depending on your current academic status:

·         Grade 11 final results and mid-year results if you're in grade 12.

·         Grade 12 final results and mid-year results if you're in your first year at university.

·         Last academic year results and current mid-year results if you're in your second or third year at university.

·         The financial checks affidavit, which must be signed by:

1)Your parent(s) or guardian(s).

2)You, the bursary applicant.

The bursary provided by Nedbank encompasses both financial support and supplementary assistance to ensure the holistic development and success of recipients. The package may include:

·         Tuition Fees: Coverage of tuition fees for the duration of the academic programme, alleviating the financial burden associated with pursuing higher education.

·         Accommodation and Living Expenses: Provision of funds to assist with accommodation costs and basic living expenses, enabling students to focus on their studies without undue financial stress.

·         Books and Materials: Allocation of resources for the purchase of textbooks, course materials, and other educational resources essential for academic success.

·         Mentorship and Support: Access to mentorship programmes, workshops, and networking opportunities facilitated by Nedbank, fostering personal and professional growth.

·         Internship and Career Development: Opportunities for internships, graduate programmes, and career guidance to facilitate the transition from academia to the workforce seamlessly.

More benefits of this bursary:

The Nedbank External Bursary Programme offers a multitude of benefits to deserving recipients, significantly easing the financial burden associated with pursuing higher education. Beyond providing financial assistance for tuition fees, accommodation, and living expenses, the programme offers invaluable support through mentorship, career development opportunities, and access to networking platforms. By fostering a supportive environment conducive to academic excellence and personal growth, the bursary equips students with the resources and guidance needed to succeed in their chosen fields. Furthermore, the programme promotes inclusivity and diversity, ensuring that talented individuals from various backgrounds have the opportunity to realize their full potential and contribute meaningfully to society. Ultimately, the Nedbank External Bursary Programme not only empowers individuals to pursue their educational aspirations but also cultivates a generation of future leaders poised to make a positive impact on their communities and beyond.

The applicant will also go through a screening process during his/her application, of which will involve the following key points:

·         Only online applications submitted through the provided link will be reviewed.

·         Incomplete applications will not be considered.

·         Applications will be screened and shortlisted based on the outlined qualifying criteria.

The Nedbank External Bursary Programme stands as a testament to Nedbank's commitment to driving positive change through education and empowerment. By providing financial assistance, mentorship, and support to deserving students, the programme not only facilitates access to education but also cultivates a generation of future leaders equipped to address the challenges of tomorrow. As Nedbank continues to invest in human capital development, the impact of the bursary programme reverberates far beyond individual beneficiaries, contributing to the socio-economic development and prosperity of South Africa as a whole.

Shortlisted applicants and their household members are required to provide the following documents:

·         Written consent acknowledging that personal information will be shared with third parties to assist in verifying income.

·         Completed income and expenditure statement reflecting the combined household income.

·         Certified copies of various documents, including identity documents, recent payslips or employment letters (not older than three months), proof of income for informal traders or hawkers, tax forms for commission earners, pension slips or bank statements, and the past three months' bank statements.

Additionally, shortlisted applicants will undergo psychometric assessments, other evaluations, and attend a virtual interview. Following the screening process, the Nedbank Educational Trust will review application forms and screening results to award bursaries at their discretion. All applicants will receive feedback on their application outcomes upon completion of the recruitment process.


No late applications will be considered.

Individuals who took Math's lit at high school level will not be considered. 

Click here to find the affidavit.

Click here to apply.

Additionally, for assistance, contact the Nedbank Bursary Team:

Goodluck to all applicants!





You Might Also Like