Home arrow Education arrow FNB awards bursaries worth R6.6m

FNB awards bursaries worth R6.6m

Thursday, 06 December 2007
A total of 240 tertiary education students will benefit in bursaries from First National Bank (FNB) to the value of    R6.6 million during the 2008 academic year. This announcement was made by FNB Board Chairman Sizwe Nxasana today.

SA Good News
FNB Chairman Sizwe Nxasana
The FNB Fund Bursary Programme was launched in 2004 to broaden access to tertiary education for previously disadvantaged and academically competent students, and to contribute to South Africa’s national economic goals by expanding the skills base.

Qualifying students are recruited from around the country with the assistance of various bursary service providers with national reach.

Herbert Karivhe, Limpopo Province’s top matriculant in 2005, and Refile Mokgotla, Gauteng’s top black female in 2006, who have both been awarded bursaries through FNB service provider Career Wise, are expecting to soon complete their first and second years of tertiary study respectively.

Karihve, who studies at the University of Cape Town, is currently in Johannesburg on an Ernst and Young training course. “The bursary opportunity has opened up so many doors for me and I am extremely grateful for it.”

Nxasana also announced the names of three new programmes to be brought on board the FNB Fund in 2008. These are the Tertiary School in Business Administration (TSiBA), a “free” tertiary level institution that offers degree qualifications to economically impoverished students; Make a Difference (MAD), a Cape Town-based charity organisation that focuses on educational opportunities for children from grade six to third year university students; and the African Scholars Fund which provides bursaries, guidance and mentorship to disadvantaged high school children.

“These three organisations were considered the best fit with the FNB Fund’s programme objectives. They complement the existing strategy to invest in a comprehensive intervention that spans all levels of the education system – from foundation school to tertiary level,” said Nxasana.

The FNB Fund's bursary service providers are Career Wise, the South African Actuaries Development Programme, the South African Institute of Chartered Accountants, the South African Institute of Race Relations, the Study Trust and the Rural Education Access Programme. Contact these institutions for more information on their bursary offerings.

 

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