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]]>To accomplish this mission statement, a pool of candidates with the relevant training, education and skill set, is a basic requirement out of which leaders will be developed. To this end, ABSIP has put together a bursary scheme for well deserving candidates to further their studies at any recognised South African university.
1. SELECTION CRITERIA
The bursary scheme is only open to historically disadvantaged individuals to help ABSIP achieve its strategic objective of promoting careers in the financial services sector as a profession within the black communities and also of facilitating growth in the demographic representation of black professionals in the core strategic areas of the financial services sector.
The relevant course of study for an ABSIP bursary is a commercial degree or a related discipline however a course of study that is considered critical or in short supply to the broader South African economy will also be considered.
The bursary is designed to offer financial assistance based on academic merit and financial need. The academic merit involves having achieved a good academic record at the school level or at least a second class pass in the university studies.
2. PROGRESS REPORT
In the 2012 ABSIP awarded a full tuition bursary to one student studying towards an actuarial science degree at the University of Pretoria. A further four students have been selected to receive the ABSIP bursary of R50 000 each in 2013.The ABSIP bursary committee based their selection of the students on a combination of academic merit and financial need.
The four students (2 at the University of Johannesburg, 1 at the University of Pretoria and 1 at the University of Witwatersrand) are each studying towards various degrees in the broader commerce and finance disciplines. Bursary holders are expected to maintain satisfactory academic performance, to be members in good standing and to be involved in ABSIP activities.
The bursary scheme is one of many projects that ABSIP undertakes to achieve its vision of being the lead custodian of professional interest and black business in the Financial Services sector.
The ABSIP bursary application form can be found in the ABSIP website www.absip.co.za or at the Financial Aid Centres of the local tertiary institutions.
How to apply?
Click on the link below to download the application form, fill-it in and return it to the ABSIP together with all the riquired documents before closing date.
ABSIP Bursary Application Form 2014 (508.36 kB) (CLICK HERE TO DOWNLOAD)
Details on where and how to return the application form are found on the form itself.
Closing Date: 30 January 2013
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]]>Bursary holders are required to serve a three year (minimum) training contract with the firm on completion of their post-graduate studies. This period may be extended depending on the value of the bursary awarded or the number of years for which the bursary is awarded. A training contract is a learnership contract for 3 years where you will be applying the theory learnt at university to the practical environment.
The above includes:
- Performing audit procedures at clients to express an opinion on their financial records.
- Working closely with audit teams to ensure client deadlines are met.
- Working in a challenging business environment.
- Interacting with people on various levels of experience.
- Gaining a wealth of experience on best business practices.
- Progressing steadily throughout the three years to qualify as a Chartered Accountant, this includes writing the qualifying exams and achieving the necessary core hours as prescribed by SAICA. Core experience obtained during your learnership includes auditing, accounting, financial management, secretarial systems, taxation and estates, business information systems.
Competencies / Skills:
You may apply for a bursary if you intend to study or are studying towards the Chartered Accounting (South Africa) CA (SA) qualification.
Qualifications include a B Com in accounting or equivalent at any SAICA (South African Institute of Chartered Accountants) accredited university.
Requirements for Grade 12:
Must be writing for a matric exemption and university acceptance, with Pure mathematics and English.
Must obtain over 60% for all subjects.
Requirements for university students:
Must obtain consistent passes in all your subjects.
Other requirements include:
- Proficient in English
- Strong communication skills
- Involvement in sport at school and/or university
- Good interpersonal skills
- Drive and determination
- Leadership potential
- Team player
- Deadline driven
- Attention to detail
CLOSING DATE: 31 July 2013
Good luck! The Bursary Bin
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