The Thuthuka Bursary Fund is a programme designed to financially assist talented and deserving students who want to pursue a career in Chartered Accountancy. The Fund is managed by the Thuthuka Education and Upliftment Fund (TEUF), which is a project of the South African Institute of Chartered Accountants (SAICA). This article will provide an overview of the Thuthuka Bursary Fund, including its objectives, eligibility criteria, and application process.
Objectives of the Thuthuka Bursary Fund
The Thuthuka Bursary Fund aims to increase the number of black Chartered Accountants in South Africa. It is part of SAICA’s efforts to promote transformation in the accounting profession and create a more inclusive and diverse workforce. The Fund provides financial support to students from disadvantaged backgrounds who have the potential to excel in their studies and become successful Chartered Accountants.
To be eligible for the Thuthuka Bursary Fund, applicants must meet the following criteria:
- Must be a South African citizen
- Must be studying or intending to study towards a Chartered Accountancy qualification at a SAICA-accredited university
- Must have completed Grade 11 with a minimum of 60% in Mathematics (not Mathematical Literacy) and a minimum overall average of 60%
- Must be in possession of a valid South African ID document
- Must come from a household with a combined annual income of R350,000 or less
- Must be able to provide all the required supporting documentation (see below)
The application process for the Thuthuka Bursary Fund is a competitive and thorough process. Interested candidates should follow the steps below:
Step 1: Read and understand the terms and conditions of the bursary before applying.
Step 2: Register on the Thuthuka Bursary Fund website by creating a profile.
Step 3: Complete the online application form and upload all the required supporting documentation.
Step 4: Submit the application form online.
Step 5: Wait for feedback from the Thuthuka Bursary Fund regarding the outcome of the application.
As mentioned earlier, applicants are required to provide all the necessary supporting documentation when applying for the Thuthuka Bursary Fund. The following documents are required:
- Signed consent form
- Applicant’s ID document
- Parent(s)/Guardian(s)’ ID documents
- Parent(s)/Guardian(s)’ salary slip
- Copies of ID documents of persons dependent on family income
- Final Grade 11 results
- Final Grade 12 results (if completed Grade 12)
- Full university transcript (if already at university)
- University provisional acceptance letter (if still in high school)
There are a few important notes that applicants should keep in mind when applying for the Thuthuka Bursary Fund:
- The bursary can only be used to fund studies towards a Chartered Accountancy qualification at a SAICA-accredited university.
- The bursary cannot be used to pay off existing loans or debts.
- The application process is highly competitive, and applicants will be assessed based on their academic performance, National Benchmark Test (NBT) results, and financial need as determined by the NSFAS financial means test.
- Applicants who do not provide all the required supporting documentation will have incomplete applications.
- The closing date for applications is 31 August.
The Thuthuka Bursary Fund is an excellent opportunity for talented and deserving students who want to pursue a career in Chartered Accountancy. The Fund provides financial assistance to students from disadvantaged backgrounds who have the potential to excel academically and become successful Chartered Accountants. By increasing the number of black Chartered Accountants in South Africa, the Fund aims to promote transformation in the accounting profession and create a more inclusive and diverse workforce.