Website
https://www.idc.co.za/
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Published date1 April , 2022
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Company description
The Industrial Development Corporation (IDC) of South Africa Limited was established in 1940 through an Act of Parliament (Industrial Development Corporation Act, 22 of 1940) and is fully owned by the South African Government.
IDC priorities are aligned with the national policy direction as set out in the National Development Plan (NDP), Industrial Policy Action Plan (IPAP) and industry Master Plans. Our mandate is to maximise our development impact through job-rich industrialisation, while contributing to an inclusive economy by, among others, funding black-owned and empowered companies, black industrialists, women, and youth-owned and empowered enterprises.
Simultaneously, the IDC must ensure its long-term sustainability through prudent financial and human resource management, safeguard the natural environment, and increasingly position itself as a Centre of Excellence for development finance.
Bursary description
The Industrial Development Corporation of SA Ltd (IDC) is engaged in various initiatives in human resource development, capacity building and human capital development to address acute skills deficits in the country, as well as, using it as a mechanism for the recruitment and development of professional employees. The provision of bursaries or study assistance for qualifying students is one of these initiatives
Engineering is a broad discipline that combines mathematics and science to identify and solve problems. It involves inventing, designing, building, maintaining and improving structures, machines, devices, systems, materials and processes. As such, engineering affects all aspects of our daily lives.
Business economics is the study of the financial issues and challenges faced by corporations operating in a specified marketplace or economy.Business economics deals with issues such as business organization, management, expansion and strategy. Studies might include how and why corporations expand, the impact of entrepreneurs, the interactions between corporations, and the role of governments in regulation.
Agricultural science is a broad multidisciplinary field of biology that encompasses the parts of exact, natural, economic and social sciences that are used in the practice and understanding of agriculture.
Computer science is the study of the theory, experimentation, and engineering that form the basis for the design and use of computers. It is the scientific and practical approach to computation and its applications and the systematic study of the feasibility, structure, expression, and mechanization of the methodical procedures.
Requirements and eligibility
The eligibility requirements for the IDC Bursary Scheme are as follows:
- Age Requirement: The student must be at least 16 years old and no older than 25 years old.
- Matric Students: The student must be a South African citizen and must have achieved a total average of 75% or higher.
- Tertiary Students: The student must be a South African citizen and must have achieved a total average of 65% or higher.
The selection criteria for the IDC Bursary Scheme prioritize applicants from rural areas, and academic excellence is a significant factor in the selection process. Selection is based on the comparison of Grade 11 and June Grade 12 results, as well as Grade 12 prelim results (if available).
The IDC Bursary Scheme is intended for high-performing Grade 12 students with a minimum B aggregate symbol in Mathematics and Science. For applicants who are already at university, a minimum average of C Aggregate is required. In addition, the academic performance of University or University of Technology students who have completed one or more years will be evaluated based on their Grade 12 and most recent academic results.
How to apply
The following documents must be uploaded when applying:
- A certified copy of Grade 11 results, Grade 12 June results (if applicable), NSC/Matric results, or the latest academic record for those not studying this year. Tertiary students must include their complete academic record.
- A copy of the provisional admission letter to the South African university of technology where the applicant has applied for full-time studies towards an academic degree.
- A certified copy of the applicant's ID document.
- Proof of income, including certified copies of pay-slips for the applicant's parent(s) or guardian(s). For self-employed parent(s) or guardian(s), a sworn affidavit that declares their monthly income or a copy of the latest audited financial statements clearly showing the monthly salary drawn.
- A certified copy of the latest pay-slip for the guardian if the applicant resides with the guardian even if the parent(s) are still alive.
- A certified copy of a death certificate or a sworn affidavit in the case of deceased parent(s), guardian(s), or spouse.
- A certified copy of the divorce certificate if the applicant's parents are divorced.
- A sworn statement from one of the parents confirming their separation if the applicant's parents are separated.
Applicants must be under 25 to apply, and the program only supports full-time studies towards an academic degree at an accredited South African University of Technology.
