In the South African region, there are numerous bursaries based on different programmes, fields, etc. Where’s the SAICA Thuthuka Bursary is a distinguished mission bursary targeted at changing the balance with respect to the chartered accounting profession in South Africa. It was initiated by the South African Institute for Chartered Accountants, SAICA for short. This bursary scheme seeks to offer financial support to students who want to achieve successful careers in chartered accounting. The Thuthuka Bursary is a prestigious programme aimed at transforming the demographics of the chartered accounting profession in South Africa. Established by the South African Institute of Chartered Accountants (SAICA), this bursary initiative provides financial assistance and comprehensive support to deserving African and Coloured students pursuing a career in chartered accounting.
Apart from covering tuition fees and accommodation costs, the bursary offers mentoring and necessary life skills coaching and connects young people to successful role models. This is meant to ensure that bursary applicants have what it takes, both academically and career-wise. In this article, you can learn about the Thuthuka Bursary, its criteria, how to apply for it, and the closing date.
What is Thuthuka Bursary?
The Thuthuka Bursary Fund is a prestigious bursary programme in South Africa meant to help African students who want to become Chartered Accountants financially. The South African Institute of Chartered Accountants (SAICA) administers this award in an effort to raise the number of Chartered Accountants in South Africa, with a special emphasis on the formerly disadvantaged. The bursary provides comprehensive financial support, including tuition, accommodation, textbooks, and a living allowance, ensuring that recipients can focus entirely on their studies.
The Thuthuka Bursary was initiated by SAICA in the early 2000s. In addition to financial assistance, the Thuthuka Bursary 2024 programme provides its beneficiaries with academic support, mentorship, and personal development opportunities. Since its inception, the Thuthuka Bursary has supported thousands of students in their pursuit of becoming chartered accountants.
Eligibility Requirements for Thuthuka Bursary
To be eligible for the Thuthuka Bursary, applicants must meet the following criteria, which are mentioned below:
- The candidate must be a South African citizen.
- The bursary is specifically aimed at African and coloured students.
- Must be in Grade 12 or have completed Grade 12 with excellent academic results.
- Achieve a minimum of 60% in mathematics (not Mathematical Literacy) in Grade 11 and Grade 12.
- Must have excellent academic potential.
- Must be accepted or provisionally accepted at a SAICA-accredited university offering an undergraduate BCom Accounting degree.
- Demonstrate financial need for a combined family income of not more than R350 000 per annum
- Lastly, the candidate should be serious about studying Chartered Accountant studies.
How to Apply Online for Thuthuka Bursary?
The Thuthuka Bursary application process is conducted online. Follow these steps to apply:
Access the official Thuthuka Bursary section on the SAICA website. You need to submit clear copies of the following documents:
- Candidate ID document (certified copy)
- Attach Grade 11 final results (certified copy)
- Attach Matric latest results, if currently in Matric (certified copy)
- Clear document of matric final results, if completed Matric (certified copy)
- Add Proof of University provisional acceptance/ registration if currently in Matric (on University letterhead)
- Also, attach Full University academic record if currently studying (on University letterhead)
- Attach your Parents or guardians ID documents (certified copies)
- Attach your Parents or guardian’s proof of income (latest payslips if employed, affidavit if unemployed) (certified copies)
- Attach ID documents or birth certificates of other dependents in your family income (certified copies)
- Lastly, sign the Thuthuka Consent Form & submit it online on the official site.
What is the Thuthuka Bursary Monthly Allowance?
The Thuthuka Bursary includes a monthly allowance to cover the living expenses of the bursary recipients. This allowance is designed to assist with costs such as food, transportation, and personal items, ensuring that students can maintain a reasonable standard of living while studying. The exact amount of the monthly allowance can vary and is determined based on individual needs and the cost of living in the area where the student is studying. Detailed information regarding the monthly allowance will be provided to successful applicants.
What is the Thuthuka Bursary Closing Date?
The closing date for the Thuthuka Bursary application varies annually, and this year’s closing date is 31 August 2024. Applicants should regularly check the Thuthuka Bursary deadline section on the SAICA website or contact the bursary office directly. It is essential to submit the bursary application well before the deadline, as late applications will not be considered.
You can also connect with the Thuthuka Bursary directly at tel: 011 621 6600 or email them at tbf@saica.co.za
Conclusion
The Thuthuka Bursary Fund offers a chance to black and coloured students in South Africa who want to become excellent accountants. It assists in removing the financial barriers preventing potential students from achieving their goals in academics or professions. Any potential candidate must meet all eligibility requirements to apply for it and send their application on time.
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 – SAICA Thuthuka Bursary in South Africa
1) What fields of study does the Thuthuka Bursary cover?
The bursary supports students pursuing a BCom Accounting degree at SAICA-accredited universities.
2) What are the eligibility criteria for the Thuthuka Bursary?
To be eligible for the Thuthuka Bursary, applicants must be South African citizens from historically disadvantaged backgrounds and meet the required academic criteria. The bursary is typically awarded to students pursuing an undergraduate degree in accounting or a postgraduate qualification in chartered accounting.
3) Is the Thuthuka Bursary only for undergraduate studies or not?
No, the Thuthuka Bursary supports both undergraduate and postgraduate studies in the field of chartered accounting.
4) What does the Thuthuka Bursary cover?
The Thuthuka Bursary covers tuition fees, textbooks, accommodation, and other related expenses for the duration of the recipient’s studies.
5) What support structures are provided by the Thuthuka Bursary Programme?
In addition to financial assistance, the Thuthuka Bursary programme offers academic support, mentorship, personal development workshops, and career guidance to its beneficiaries.
