PIC (Public Investment Corporation) Bursary

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In the pursuit of fostering excellence and nurturing the potential of South Africa's youth, the Public Investment Corporation (PIC) stands as a beacon of support through its bursary program. With a commitment to socio-economic development and educational empowerment, the PIC Bursary offers a gateway for deserving individuals to access quality education and realize their aspirations. This article provides a comprehensive overview of the PIC Bursary, including its provider, fields of study, eligibility requirements, application process, required documents, bursary terms, and closing dates.

About the Bursary Provider: Public Investment Corporation (PIC)

The Public Investment Corporation (PIC) is a significant state-owned entity responsible for managing assets on behalf of the South African government and public sector entities. With a rich history dating back to 1911, the PIC has grown into one of Africa's premier investment management firms. Its portfolio is diverse, covering equities, bonds, property, and developmental investments across multiple sectors.

Beyond financial returns, the PIC is deeply committed to fostering sustainable growth and driving socioeconomic transformation in South Africa. Recognizing the pivotal role of education in this endeavour, the PIC places a strong emphasis on supporting educational initiatives. Through programs like bursaries, the PIC actively contributes to empowering individuals and communities, paving the way for a brighter and more inclusive future.

Fields of Study Supported

Prospective students intending to pursue studies in the following fields are encouraged to apply:

- Accounting & Accounting Science (CA stream)

- Actuarial Science

- Applied Development Economics

- Cost and Management Accounting

- Computer Science

- Economics and Mathematical Science

- Finance/Financial Management

- Information Management/Systems/Technology

- Internal Audit

- Investment Management

- Human Resources Management

- Mathematical Statistics

- Research

- Risk Management

- Bachelor of Law (LLB)


The bursary will cover essential expenses including tuition fees, prescribed textbooks, accommodation within the institution, and a meal allowance. This comprehensive coverage ensures that recipients can focus on their studies without financial strain.

In addition to financial support, bursary recipients will have access to valuable opportunities. They can apply for and participate in various programs such as the Vacation Work Internship Program, Graduate Development Programs, and Workplace Readiness Program. These programs aim to enhance recipients' skills, experience, and employability, setting them on a path towards future success.

Recipients of the bursary will be selected based on their academic merit, financial need, and potential for success. The selection process is rigorous and aims to identify individuals who demonstrate not only academic excellence but also a commitment to personal and professional development.

Eligibility Requirements

The PIC bursary is exclusively designated for students who are either planning to enrol in their first undergraduate qualification or are already pursuing one. Funding will not be provided for post-graduate qualifications or second qualifications. Applicants must be South African citizens. The following criteria will be taken into consideration during the shortlisting process:

- Applicants must have been admitted to study at a South African Public Accredited Institution of Higher Learning.

- Matriculants must have achieved a minimum pass rate of 60% in each subject.

- Tertiary-level applicants should have attained a minimum pass rate of 60% in each module and maintain an overall average in their most recent academic results.

- Preference will be given to applicants living with a disability.

How to Apply

The application process for the PIC Bursary is conducted online through the official PIC website or a designated portal. Prospective applicants should follow these steps:

1. Visit the PIC website or designated portal during the application period.

2. Complete the online application form accurately and comprehensively.

3. Upload the required supporting documents (see below).

4. Submit the application before the specified deadline.

5. Await communication regarding the status of the application.

Documents Required

Applicants are required to provide the following documents as part of their bursary application:

Supporting Documents Checklist:

- Completed application form

- Completed Consent form in the case of minors

- A valid copy of RSA identity document

- Proof of disability (medical certificate)

- Academic transcripts (if currently enrolled at an accredited tertiary institution)

- Matric Certificate (or Grade 11 and June results if currently in Grade 12)

- Copy of signed student study loan agreement or contract (if applicable)

- Preliminary acceptance letter(s) from an accredited tertiary institution

- Quotation (tuition, books, accredited accommodation, and meals)

- Proof of monthly household income and dependents. Examples of household income include:

  - Salary or wage slips if employed, - Letter from the court stating child support amount if parents are divorced, or affidavit from parent stating the child support amount received if parents are separated.

or affidavit if unemployed

  - Death certificate if deceased

  - SASSA letter stating grants received if applicable

  - Affidavit stating annual income if self-employed

Instructions for Bursary Application

- Ensure all required fields (*) are filled out.

- Have all supporting documents certified (copies should not be older than 3 months from submission).

- The applicant and, if applicable, a Parent/Guardian for minors must sign the form.

- Incomplete or fraudulent applications, along with uncertified or invalid documents, will be disregarded.

Additional Information

Recipients of the bursary will receive support for the entire duration of their academic program at a single recognized academic institution. This means that the bursary covers all semesters or terms required to complete the chosen course of study at the designated educational institution.

Closing Dates

Applications are currently closed.

The closing dates for applications vary from year to year and are communicated through official channels such as the PIC website or advertisements. It is imperative for prospective applicants to adhere to the specified deadlines to ensure consideration for the bursary.

Please utilize the provided link to keep track of when the bursary application process opens;

Click here to monitor bursary.

The PIC Bursary represents a significant opportunity for South African youth to pursue their academic aspirations and contribute meaningfully to the country's development. Through its support of diverse fields of study and commitment to nurturing talent, the PIC continues to make a tangible impact on the lives of countless individuals, embodying the ethos of empowerment and transformation.


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