Thuthuka Bursary Fund for Incoming South African College students

The Thuthuka Bursary Fund paves way for incoming South African College Students who dream of becoming Chartered Accountants.

Applications for the said bursary fund are now open. For the academic year 2021-2022, the deadline for application submissions will be on August 31, 2021.

Photo by Ashraf Ali on Unsplash

Thuthuka Bursary Fund Details

Powered by the South African Institute for Chartered Accountants (SAICA), the Thuthuka Bursary Fund aims to select qualified individuals from the African and Coloured student body who are interested to become Chartered Accountants, for undergraduate BCom Accounting education programs.

SAICA is one of the most influential accountancy firms in the country.  As a critical stakeholder in society, SAICA has undertaken the responsibility of ensuring that there is a consistent flow into the economy of adequately and suitably qualified accounting professionals who are representative of the country’s demographics. This is done via various skills development initiatives at primary, high school, and tertiary education levels. Thus, the Thuthuka Bursary Fund was established.

Furthermore, Thuthuka is searching annually for scholastically excellent students who are strong at Mathematics. However, those who perform strongly in other subjects should not be put off applying.

Please do note that the only accredited universities working with Thuthuka are:

  • University of Johannesburg (UJ) – Bachelor of Accounting (Course Code BCA012) 
  • University of Cape Town (UCT) – B Com (Course Code CB023)
  • Nelson Mandela Metropolitan University (NMU) – BComAccounting (Course Code 40003)
  • Rhodes University – Bachelor of Commerce (Accounting)
  • Stellenbosch University (SU) – B Com Accounting/B Rek (Course Code 3091001)
  • University of Pretoria (UP) – B Com Accounting Sciences (Course Code 07130042)
  • University of the Free State  (UFS – Bloemfontein Campus)  – Bachelor of Accounting (Course/Study Code 6319)
  • University of Kwa–Zulu Natal (UKZN –Westville Campus) – BCom Accounting (Course code BCOA)
  • University of Western Cape (UWC) – Course Code 1021 or 1753
  • University of Witwatersrand (WITS) – B Ace Science (Course Code CB008)
  • University of Fort Hare – Commerce in Accounting (Course Code 60001) 
  • North-West University (Potchefstroom Campus) – B Com CA (Course Code 500 155 E371P)

Selection Criteria for South African College Students

Successful applicants will be required to sign a contract with both the Thuthuka Education and Upliftment Fund (TEUF) and the National Student Financial Aid Scheme (NSFAS) for the purpose of being awarded a bursary.

Moreover, the incoming South African college students will be considered according to academic performance, National Benchmark Test (NBT) results, and financial need as determined by the NSFAS financial means test.

It should be noted that the Thuthuka Bursary cannot be used to pay for existing loans or debts.

Other additional requirements for eligibility include:

  • 60% in Mathematics in your Grade 11 Final Results (Level 5)
  • Passing marks for university entrance qualification
  • Low income
  • African or Coloured
  • Pass the National Benchmark Test (NBT)
  • Letter of acceptance to the university, final Grade 12 results and NBT results
  • All candidates will be assessed using the NSFAS means test to determine financial need.

How to Apply

To apply for the SAICA Thuthuka Bursary, please read through the rules and requirements found here. Also, the following supporting documents must be submitted along with your application:

  1. Signed consent form (download it for here)
  2. A certified copy of your Applicants ID
  3. A certified copy of your Parents / Guardians  ID
  4. A certified copy of your Parents / Guardians salary advice or Affidavit if unemployed
  5. A certified copy of your Grade 11 Results
  6. A certified copy of your Grade 12 Results
  7. University provisional acceptance letter (to be sent as soon as received)
  8. Full academic transcript if already at University
  9. Proof of registration, if already at University
  10. Your parents’ latest salary advice
  11. Certified Copies of ID or Birth Certificates of other school-going dependants in your home
  12. A stamped letter from your school confirming registration as well as your subjects.

Applicants will be considered according to academic performance, National Benchmark Test (NBT) results and financial need as determined by the NSFAS financial means test.

Your application remains incomplete if:

  • The consent form is not signed or
  • All required documents are not uploaded.

For more questions and clarifications about the opportunity, you may contact SAICA via email at [email protected] or [email protected].

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