Bursaries for Students Wanting to Become a Chartered Accountant by BDO
BDO Spencer Steward South Africa is offering bursaries to Bachelor of Commerce students who are committed to studying chartered accounting. These are available at South African Institute of Chartered Accountants (SAICA)-accredited universities in Durban, Cape Town, Johannesburg and Pretoria.
The criteria set by the company include:
- You must be a South African citizen.
- You must have achieved at least 70 percent in matric for Accounting, Maths and English.
- You must already be studying or at least registered for a B.Comm accounting degree at one of South Africa’s SAICA-accredited universities.
- You must want to study chartered accounting, with majors in auditing and accounting.
The deal is that if you are granted a bursary by BDO Spencer Steward, you will join the company as a trainee accountant as soon as you get your degree. You will then continue your chartered accountant studies while employed by BDO.
During the period of the bursary, students must also be available to work for the firm during their holidays.
About BDO South Africa
BDO Spencer Steward, which operates in numerous countries internationally, is regarded as a mid-size company in South Africa. Essentially it offers professional accounting and auditing services, as well as business advice. The company prides itself on being able to compete with large firms while still being able to retain the ability to “care” about clients and their needs.
The company also prides itself on keeping advice simple and maintaining an open and transparent relationship with clients.
Corporate responsibility is also top of the list for BDO, and they constantly identify projects within local communities they can become involved in,primarily in terms of funding and support. One national project, Lapdesks, involves the distribution of lapdesks to underprivileged children. These are basically portable desks that can be used on the lap of a child. Thousands of these have been given away since 2007.
Students that are studying or who are registered to study for a South African chartered accountant qualification are invited to apply for BDO bursaries. This means that you must either be registered for a Bachelor of Commerce or equivalent degree at a university that is recognised by the SAICA. They are awarded annually according to academic merit and are limited to fees and a specified allowance for books. There is not a standardised amount available for each student, and the figures differ according to the BDO firm covering the bursary.
Bursaries are renewable each year, but it does depend on academic results, and the pass rate achieved in exams.
Ultimately, the BDO offer is in keeping with the FassetSETA mission that aims to ensure everyone working in the financial, accounting, management, consulting and other financial services sector (FASSET) has the necessary education and training to function effectively within the industry.
How to Apply for Bursaries from BDO
Information that must be supplied includes details of both school and any tertiary education completed. Printouts of results and certified copies of any qualifications and matric results must be supplied.
The applicant is expected to motivate the application and give details of personal achievements and any leadership roles that might be relevant. In addition, the company asks for information about applicants’ interests, extra-curricular activities, as well as hobbies. They want to know how these interests and activities have impacted on different people, and been of benefit.
Applicants are also required to say why they need a bursary to study and why they want to work for BDO Spencer Steward. So if you are planning to apply, you will also need to explain why you are a good candidate for the company and why you are pursuing a career in chartered accounting.
Application forms are available from the BDO website.
BDO has bursary application forms on its website.
Wholesale and Retail Learnerships by W&RSETA
The Wholesale and Retail Sector Education and Training Authority (W&RSETA), which has been operating in terms of the Skills Development Act for more than 14 years, implements strategies for national development in the huge wholesale and retail sector.
One of it’s most important roles is to initiate learnerships that enable “learners” to improve their knowledge, skills and ability in their chosen career. Learnerships also enable students to get a formal qualification that will enable them to get into the wholesale and retail industry quicker and more easily.
There is absolutely no doubt that people who take this route get increased employment opportunities once they have qualified. It is also an excellent route for learners who are already employed, but who are earning low wages because they do not have a proper qualification or the necessary experience to get ahead.
One of the most valuable aspects, as the W&RSETA points out, is that students are able to learn while they earn.
Benefits of Learnerships for Employers
Committed employers in the W&R sector agree that a learnership – which is essentially a “work-based education and training programme” linked to a valid registered National Qualifications Framework (NQF) qualification – is one of the best ways to facilitate empowerment of employees. It is also a brilliant way to develop a competent staff complement within businesses, and to ensure that workers get the relevant (very specific to an individual business) skills and experience.
Since employees who are qualified and experienced need less supervision, this will also improve the quality of work within the business, as well as overall productivity.
Employers also find that this is an ideal vehicle that may be used to address their employment equity targets, as well as to identify gaps that relate to skills and training.
Benefits for the W&R Industry as a Whole
The W&RSETA identifies three primary ways that learnerships benefit the industry:
1. They help to create a pool of skill personnel that is made up of more professional people.
2. They help to provide the W&R industry with direction so that it can develop according to general world standards.
3. The result of this programme is aimed to help the industry become more competitive in the global market as a whole.
The Role of the SETA in the Learnership Programme
While the W&RSETA facilitates and implements the programme, it does not recruit learners. This is the responsibility of the various employers and service providers, as well as training providers that specialise in industry-related learning opportunities.
To assist employers, service providers and training organisations and institutions, the SETA has formed partnerships with the Department of Labour (specifically the regional offices), the Centre for Youth Development (CYD), and the South African Graduates Association (SAGA) that provide databases of unemployed people who are looking for opportunities in the industry.
How to Register?
So if you are keen to forge a career in the wholesale and retail sector, make sure you are on at least one of these databases. There is also a list of registered qualifications and learnerships that is published by the W&RSETA. Currently all registration end dates are June 30, 2015. There is a Learnership Agreement on the W&RSETA website.
Mineral Education Trust Fund for South African Universities
The Braamfontein-based Mineral Education Trust Fund (METF) promotes, supports and does all it can to advance education in the field of minerals. It does this by providing funding that is used to supplement the salaries of academics teaching in the various mining disciplines: geology, and metallurgy and chemical engineering. These funds are generated by donations and ensure that the METF is able to contribute toward “sustainable access to the economy”.
The Mining Qualifications Authority of South Africa, established nearly two decades ago, is the SETA for mining and minerals, and one of the most successful Sector Education and Training Authorities (SETAs) in the country. And it is the MqaSETA that sets the qualifications and unit standards for this particular educational sector.
Mining is, of course, an immensely critical industry and it is vital that people are well trained to teach those who will enter the industry as employees.
About the METF
Constituted 14 years ago, the METF’s main objective is to ensure that minerals education at tertiary level is sustainable within the country’s higher education institutions. Initially it grew from the previous Chamber of Mines Education Fund, but today it is not allied to the Chamber in any way, but has been constituted by its own Trust Deed.
It is recognised as an important funding body within the mining industry and in the sector to which the MqaSETA is allied.
The reality is that even though teachers of mining and metallurgical elements, geology, and minerals processing engineering are considered a vital part of the mining sector, salaries are considerably lower than those paid elsewhere in the industry. The METF therefore aims to increase salaries of MqaSETA-related teachers to within 66 percent to 80 percent of the industry norm. By doing this they are providing an incentive for teaching staff in the mining sector to continue teaching, and to encourage newcomers to the industry to consider academic careers teaching mining-related subjects.
Institutions Funded by METF
Universities in four of the country’s provinces are funded by the METF, and bursaries are available for a total of nine institutions, the:
- University of Witwatersrand’s Schools of Mining Engineering, Chemical and Metallurgical Engineering, and Geosciences
- University of Pretoria’s Departments of Geology, Mining Engineering, and Materials Science and Metallurgical Engineering
- University of Johannesburg’s Departments of Geological Sciences, Extraction Metallurgy, and Mining Engineering
- UNISA’s Department of Electrical and Mining Engineering
- University of Stellenbosch’s Departments of Process Engineering, and Earth Sciences
- University of Cape Town’s Departments of Geological Sciences, and Chemical Engineering
- University of KwaZulu Natal’s School of Geological Sciences
- University of the Free State’s Department of Geology
- North West University’s School of Chemical and Minerals Engineering
How to Get Funding
Career Wise, a specialist company that manages scholarship and bursary programmes, handles all applications for funding by the METF, and they administrate the Fund.
Where to find the Application Form?
Applications forms are available from METF, but are sent to Career Wise.
Because the METF is registered as a public benefit organisation, those who donate to the fund are exempt from tax. The Fund also has a B-BBEE scorecard evaluation and contributions made can be claimed via socio-economic development.
SASOL Bursary Scheme
SASOL, established in 1950 and well known to be South Africa’s leading international integrated energy and chemicals company, is a premier source of learnership and bursary opportunities. The company also offers a large number of challenging opportunities relating to a range of different careers. The company is an employer of more than 35,000 people in more than 37 countries.
CAPTION: The SASOL logo was designed to show that the company is multi-faceted but has a stable core that is “a force greater than the sum of its parts”. Online the blue balls of the logo are constantly moving while the core remains solidly still.
The SASOL Bursary Scheme
SASOL bursaries are open to South African students who are studying engineering, commerce or science full time. Once students within the bursary scheme have completed their studies, and qualified, they may be given the opportunity to become an employee of the SASOL Group via the company’s Graduate Development Programme.
If students have already begun their studies, they must have passed all the courses for which they registered. The entry requirements specified by SASOL are specified for the three possible university degrees:
1. Bachelor of Engineering: chemical, electrical, electronic industrial, civil, mining, computer or mechanical. The required subjects and curriculum mark are maths (level 7), science (level 6), and English (level 5).
2. Bachelor of Science: chemistry (masters is compulsory), geology or metallurgy (honours is compulsory for both). The required subjects and curriculum mark are maths (level 7), science (level 6), and English (level 5).
3. Bachelor of Commerce: accounting (CA route). The required subjects and curriculum mark are maths and English (both level 5).
All students accepted into the SASOL Bursary scheme get their tuition fees, registration and examination fees, accommodation and books paid for. They also receive pocket money, meal allowances and get the opportunity to do work during vacations with a paid salary. In addition there are meal allowances and they also get a once-off PC allowance.
In addition to SASOL bursaries, the company also offers learnership opportunities. Learners joining this programme are trained in both safety standards and core skills that are associated with the operation and maintenance of SASOL plants. The aim of this scheme is to encourage job creation in South Africa and to promote the development of talent within the industry.
The company offers on-the-job learning opportunities that are backed by institutional or structural learning in the fields of boiler-making, chemical plant operations, electrical operations, fitting and turning, instrumentation, welding and rigging.
Entry requirements are:
- Grade 12 with “pure maths” HG or SG
- Grade 12 physical science HG or SG
- Grade 12 English OR / N3
- Certificate with maths, engineering science, business English and any two subjects passed
Anyone who receives a learnership from the company receives a monthly allowance together with workbooks, manuals, and all the necessary professional protective equipment (PPE). All applicants may apply online.
Most of the learners who participate in SASOL learnerships are given fulltime jobs at SASOL.
From School to Tertiary Studies
SASOL doesn’t only pay students to further their studies, the company is also supportive and offers advice. They know how difficult it can be – they also know that the skills that relate to engineering, science and commerce are covered by several of the country’s Sector Education and Training Authorities (SETAs) and not just one.
Advice offered by SASOL to those wanting to participate in the bursary scheme includes:
- Taking things one step at a time.
- Focusing on your strengths.
- Learning to communicate with those around you – including fellow learners, students, teachers and others in the community.
- Appreciating how important it is to learn from ones mistakes.
Where to find the Application Form?
Applications for the next batch of SASOL bursaries open on January 1, 2015, and close on March 31, 2015. These will cover study in 2016.
Funza Lushaka Bursary Programme 2015
The Funza Lushaka Bursary Scheme for basic teacher education is inviting bursary applications for 2015. These opened on 1st October and will close on 9th January, 2015.
The Department of Basic Education has announced that there will be about 3,500 new bursaries available next year. However the Department has advised that people applying to the Funza Lushaka Bursary Programme for trainee teachers should also pursue other funding offers, because they cannot guarantee that every application will be successful. As they say, there are so many students who need financial assistance, it is important that applicants don’t pin their hopes on any single option.
About the Funza Lushaka Bursary Scheme
This is a programme that spans several years, allowing successful applicants to complete a full teaching qualification. Once bursary recipients have completed the course and obtained their teacher’s qualification, they will be expected to teach at a Government (public) school for as many years as the qualification took to complete. The Department of Basic Education points out that while graduates are allowed to choose in which province they work, they cannot choose specifically which school they will teach in.
The Funza Lushaka bursary is only awarded for single academic years, and then renewed if and when the student has passed. This means that even once an application has been approved, students need to continue applying annually, every October, until they have graduated. Re-applications for students already in the programme close on 15th November 2014 (before the new applications close).
Basic Education and Training in South Africa
Basic education and training is, of course, the backbone to skills development, which is a key requirement if there is to be any form of meaningful economic growth in South Africa any time soon. While the Sector Education and Training Authorities (SETAs) cover work sectors open to post school adults, it is the teachers of basic education who create the grounding for future employees to gain access to the country’s economic sector. This makes basic education and training a vital piece of the skills chain.
Funka Lushaka has published a booklet that explains just how teaching makes a difference in the lives of our children. Called Information Guide on Initial Teacher Education, (you can find the link at the bottom of the page) it emphasises that teaching is “a noble profession” that demands commitment, perseverance, passion, tolerance and dedication. Ultimately teaching, it says, offers an opportunity to mould and nurture the minds of young, growing children, and to help them develop life skills that will enable them to achieve success later on in life.
Who Can Become a Teacher
The Department has pinpointed a range of possibilities, from learners who about to complete Grade 12, to academically gifted people who have already left school but who are currently unemployed. Graduates who want to get a teaching qualification in addition to the degree they already have would also fit the bill, as would people who want to change their career and start teaching.
Generally they are looking for “young” people, and they are open about the fact that candidates from rural areas and/or those who want to teach in rural areas will be favoured. They are also more likely to award a bursary to an applicant whose financial status would, in other circumstances, exclude them from being able to study to become a teacher.
People who already have some sort of teaching qualification are not eligible to apply.
Where Successful Applicants of the Bursary Programme Will Study
There are a total of 22 higher education institutions (HEIs) in South Africa that currently offer courses that will result in recognised teacher qualifications. They are located in all of the eight provinces and include:
National institutes for higher education
Universities of technology
funza lushaka bursary
Applicants for the Funza Lushaka bursaries need to apply to an HEI before the closing date of applications (January 9). In other words they cannot wait to see if their bursary application was successful before applying to study.
A full list of relevant HEIs is given in the booklet, together with contact details and detailed information about programmes offered at the various institutions. It also specifies the qualification that will result from successful study.
Where to find the Application Form?
Funza Lushaka bursaries are only available to South Africans, and so proof of identity is required. Application forms are available from the Funza Lushaka website.
Link to document here Information Guide On Initial Teacher Education