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)
EXPENSES COVERED, ADDITIONAL BENEFITS & SELECTION
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.
