PIC (Public Investment Corporation) is inviting learners from South Africa to apply for its bursary programme, PIC Bursary 2024. This bursary programme provides financial support to academically performing and financially deserving students. It also aims to bridge the gap in tertiary education funding. Thus, it assists unemployed South African citizens registered for full-time studies at accredited institutions.
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If you are here to learn more about the bursary programme from the Public Investment Corporation, we are here to guide you. In this article, we have outlined all the answers to your doubts regarding the bursary programme. We will discuss its monthly allowance, eligibility criteria, online application steps, necessary documents, and deadlines. So, let us start!
About Public Investment Corporation
Public Investment Corporation (PIC) is a South African investment management company that aims to make meaningful contributions to the community it operates in. In other words, it intends to improve the lives of people. As a result, in 2017, the Public Investment Corporation (PIC) established a bursary programme for underprivileged students with academic potential who want to pursue their education.
Therefore, if you are applying for the PIC bursary 2024, you must demonstrate financial need and academic achievement and intend to study undergraduate programmes at accredited institutions within South Africa.
What does the PIC Bursary cover?
Public Investment Corporation (PIC) Bursary offers financial assistance so that you can focus on your studies without any financial burden. Besides, it offers additional benefits that help you in career development and advancement. However, you must know you will get this bursary for the full academic period at a single institution.
So, let us see the PIC bursary monthly allowance you may receive from this bursary:
- Tuition fees
- Prescribed books
- Accommodation within the institution
- Meal allowance
Besides, with this financial assistance, you can also expect additional benefits as mentioned below:
- Vacation-Work Intern Programme
- Graduate Development Programmes
- Workplace Readiness Programme
However, it is important to note that these programmes are open for bursary recipients during the June/July or the December/January terms.
Eligibility Requirements For PIC Bursary 2024
When you are applying for the bursary programme provided byPublic Investment Corporation, there are mandatory application criteria you must follow. These criteria mentioned by the Public Investment Corporation (PIC) determine whether you are eligible for the bursary programme. Hence, let us take a look at the PIC bursary requirements to meet the eligibility:
Academic Requirements:
In order to get selected for the bursary programme from PIC, you have to fulfil the following academic requirements:
- Applicant must be currently in Matric or have finished Matric
- Must be studying or planning to study full-time towards an undergraduate qualification
- Registered to study at a South African public accredited institution of higher learning
- Must be pursuing your first undergraduate qualification
- Must be unemployed
- Should be in financial need
- Have proven excellent academic performance
General Requirements:
Besides the academic requirements, the learners must also satisfy general requirements to secure funding from PIC bursary 2024:
- Applicant must be a South African citizen
- Applicant must be younger than 25 years old
- Matriculants with a minimum of 60% pass on each subject
- Tertiary level applicants with a minimum of 60% pass in each module and an overall average of the most recent results
- Candidates living with a disability
Tips to Bear in Mind While Applying for Public Investment Corporation Bursary
While applying for the bursary programme from PIC, you must know the dos and don’ts. This will not only help you stay organised but also guide you in securing the bursary programme. Here are some of the key tips to follow when applying for the bursary programme from PIC:
- Make sure you submit applications for the bursary programme from PIC early, i.e., way before the deadline
- Ensure you have all necessary documents ready
- Pay attention to specific requirements and formatting guidelines for the application
- Understand the requirements and deadlines for PIC bursary 2024
- While writing a motivational letter, highlight your academic achievements and relevant skills or experiences that make you a strong candidate.
Know how to write a motivational letter for a bursary.
Steps Involved in PIC Bursary Online Application
The application process for the Public Investment Corporation bursary is a seamless process without any complications. That means candidates can easily apply for the bursary programme through straightforward steps. However, as you are applying for the bursary programme from the PIC, you can apply in two different ways.
Offline Process
The first way includes downloading and submitting the application through the following steps:
- Step 1: Visit the PIC official website
- Step 2: Scroll down to the bottom of the Home page to find the ‘Bursaries’ under the ‘Employment and Other Opportunities’ section
- Step 3: Click the ‘Bursaries’
- Step 4: On the ‘Bursaries’ page, you will find the ‘Bursary Application Form’
- Step 5: Download the ‘Bursary Application Form’
- Step 6: Fill in the ‘Bursary Application Form’
- Step 7: Email your application Form along with your supporting documents to bursaryapplications@pic.gov.za
Online Process
The second way includes submitting your application online through the steps outlined below:
- Step 1: Go to the PIC Bursary Application Online 2024
- Step 2: If you are a new user, click the Register button to enter your name, email address and password
- Step 3: Log in with your new User Name and new Password
- Step 4: Submit your supporting documents along with your application form
Know the Importance of an Application Letter for PIC Bursary
While submitting your application for the PIC bursary 2024, you need to provide your application letter. This letter will help you to showcase yourself as a deserving candidate for the bursary programme from the PIC. In other words, it is your opportunity to impress the selection committee.
Therefore, when you are preparing your application letter, include the following content:
- Introduction
- Personal Information
- Educational Background and Academic Achievements
- Financial Need
- Purpose of the Letter
- Relevant Experiences
- Future Goals
- Conclusion
Get a step-by-step guide and an example of a bursary application letter.
Key Documents Required for PIC Bursary Application
Throughout the article, we mentioned submitting supporting documents along with the application form. However, what exactly are these documents? What essential documents has PIC requested the learners to submit? Let us check them out now
Given below are the documents required for the PIC bursary 2024:
- A certified copy of the ID document
- Certified copies of Grade 11 final results and Matric results, if you are currently in Matric
- If completed Matric, a certified copy of Matric certificate
- Full academic records/ transcripts
- Proof of acceptance or registration
- Signed student study loan agreement or contract
- Quotation from the institution for tuition, books, institution-accredited accommodation and food
- Proof of disability, if applicable
- Proof of monthly household income
When is the Closing Date for the Public Investment Corporation Bursary?
The PIC Bursary closing date for the academic year 2024 was already closed in 2023. However, if you are looking to apply for the academic year 2025, the application window can open at any time. So, make sure you regularly visit the website to get the latest information regarding the opening and closing dates.
Moreover, while applying, ensure you include your contact details and provide accurate information to avoid the possibility of your application being cancelled. Also, remember that incomplete applications will not be considered. Therefore, always make sure you submit the complete application before the deadline.
Number of Bursaries Given by the Public Investment Corporation Bursary
As mentioned earlier, Public Investment Corporation (PIC) values providing expressive contributions to the community in which it operates. It assists and fills the gap in tertiary education funding by offering financial assistance to learners with financial needs and academic potential. As a result, PIC, through its bursary programme, has funded over 300 students across various fields of study. The field of studies includes the following:
- Accounting and Accounting Science (CA stream)
- Actuarial Science
- Applied Development Economics
- Cost and Management Accounting
- Computer Science
- Economics and Mathematical Science
- Finance / Financial Management
- Human Resources Management
- Information Management, Systems or Technology
- Internal Audit
- Investment Management
- Bachelor of Law (LLB)
- Mathematical Statistics
- Quantitative Finance
- Research
- Risk Management
Contact Details of the Public Investment Corporation Bursary Programme
Those interested in applying for the PIC Bursary 2024 might have queries regarding the eligibility requirements, documents, application closing date or process. The best way you can clear your doubts is by contacting the bursary providers directly through:
- Tel: +27 12 742 3400
- Email: bursaries@pic.gov.za
Most importantly, when submitting your enquiry about the bursary programme to the PIC, make sure you provide your contact details. This will help the bursary provider contact you back to clarify your doubts.
Conclusion
With a key commitment to bridging educational funding gaps, Public Investment Corporation’s bursary programme offers academically talented and financially deserving South African learners a chance to pursue their first undergraduate qualification. Besides, it encourages them to focus on their studies without financial worries by covering educational expenses and providing valuable career development programmes. In this article, we explored all the necessary information you need to know about the bursary programme of PIC. So, take the opportunity to pursue your higher education through the PIC bursary 2024.
About to take your first step towards bursary application? Regenesys is here to provide you with the course quotation to assist you in beginning your journey for the bursary. Besides, our career counsellor will offer you guidance to help you navigate the bursary application process. Connect With Us Now!
Frequently Asked Questions: PIC Bursary 2024
Who is eligible to apply for the PIC Bursary 2024?
To apply for the PIC Bursary 2024, you must be a South African citizen below the age of 25, currently in Matric or finished Matric, and enroled or planning to enrol full-time in your first undergraduate qualification at an accredited South African institution.
What monthly allowance does the bursary from PIC cover?
The PIC Bursary covers a monthly allowance, including tuition fees, prescribed books, accommodation within the institution, and a meal allowance.
How many students got bursaries from PIC?
PIC awards bursaries to over 300 students across various fields of study, such as Accounting, Actuarial Science, Economics, Finance, Information Technology, Law, and more.
How can I contact the PIC for more information regarding the bursary programme?
You can contact the PIC Bursary Programme at +27 12 742 3400 or email them at bursaries@pic.gov.za. However, make sure you provide your contact details for prompt assistance.
How will I know if my PIC Bursary application has been successful?
Successful applicants will be notified via email or phone after completing the selection process. Therefore, ensure your contact details on your application form are accurate.
