Nedbank External Bursary

Nedbank Overview:

Nedbank, with a history dating back to 1831 when it was established as the Cape of Good Hope Bank, is one of South Africa’s four largest banks. It has undergone several structural changes, name changes, and rebranding efforts and adopted the name “Nedbank” in 2003. As one of the leading financial institutions in South Africa, Nedbank offers a range of services, including wholesale and retail banking, asset management, wealth management, and insurance.

Nedbank’s operations extend to six countries within the South African Development Community (SADC), with subsidiaries in Zimbabwe, Namibia, Swaziland, Malawi, and Lesotho. It is listed as one of the “top 40” companies on the Johannesburg Stock Exchange (JSE) with a market capitalization of R93 billion.

Nedbank Bursary 2024-2025:

Nedbank is committed to supporting the development of South Africa’s youth by providing bursaries to deserving candidates pursuing higher education. The Nedbank Bursary program aims to fund the academic expenses of career-oriented students who may lack the financial means to further their education. This bursary opportunity is available for students looking to study full-time in their first year of undergraduate studies or diploma programs at South African public universities or universities of technology.

The primary objective of the Nedbank Bursary program is to address the shortage of skills, with a specific focus on green economy skills. Green economy skills are those that promote human well-being and social equity while simultaneously reducing environmental risks and ecological scarcities. Such skills contribute to minimizing pollution, carbon emissions, and resource inefficiencies, ultimately enhancing natural capital.

The Nedbank Bursary covers various educational expenses, including:

• Tuition fees.
• Examination fees.
• Registration charges.
• Textbooks and study material costs.
• Meal expenses at the university.
• Accommodation expenses.
• Other compulsory charges.

Nedbank Bursary Requirements and Eligibility:

To be eligible for the Nedbank Bursary, applicants must meet the following criteria:

• South African citizenship.
• Current grade 12 student or recent grade 12 graduate (within the past two years).
• Enrolled or accepted for full-time undergraduate studies at a South African public university or university of technology in 2024-2025.
• Minimum average score of 65% in the current year of study at the Matric or university level.
• Applicants with Mathematics Literacy will not be considered.
• Minimum score of 65% in all subjects relevant to the chosen university degree.
• Demonstrated financial need.

Application Process:

To apply for the Nedbank Bursary, follow these steps:

1. Complete the online application form: Nedbank Bursary Application 2024-2025.Note: Ensure that you fill in all required fields accurately.
2. Attach the following supporting documents to your completed application form:
   • Certified copy of your South African ID document.
   • Covering letter.
   • Grade 11 final results and mid-year results (if currently in grade 12).
   • Grade 12 final results and mid-year results (if currently in the first year at university).
   • Last academic year’s results and current mid-year results (if currently in the second or third year at university).
   • Curriculum Vitae (CV).
   • Certified copies of parents/guardians’ ID documents.
   • Proof of parents/guardians’ income, which may include:
     • Letter of employment or latest payslip (not older than 3 months).
     • Proof of social grant (if applicable).
     • Affidavit of unemployment.
     • Proof of income for informal hawkers or traders, including home loan statement, proof of income, council rates and taxes statement.
     • Latest bank statement (3 months).
     • Death certificate of deceased parents (if applicable).
     • Pension, grant, maintenance, rent, or interest documentation, including pension slips or bank statements (not older than 3 months).
     • For commission earners, IRP5, IT3, and IT12 forms from the last two years.
     • Written consent from parents and other earning members confirming their agreement to share income details with third parties for verification.
   • Completed and signed Nedbank Financial Checks Affidavit by the applicant and parent/guardian.
   • Medical letter from a doctor confirming disability (for disabled applicants).

Closing Date:

The closing date for Nedbank Bursary applications for 2024-2025 is 15 August.

Contact Details:

For any inquiries regarding this bursary, please contact the Nedbank Bursary Team directly at:

• Email: Unlockyourambition@nedbank.co.za.