Pooling resources to benefit students

Old Mutual Imfundo Trust Scholarship

The Imfundo Trust, is an Old Mutual Investment Group scholarship initiative that aims to upskill black investment professionals and grow the pool of suitably qualified individuals in the asset management industry. Imfundo means education in Zulu. True to its name, since its inception in 2011, the Trust has spent approximately R4m per annum on university scholarships. The Trust assists black students, particularly women, to pursue their tertiary education at select South African universities. There are between 30 and 40 bursary beneficiaries on the programme per annum.

What it covers

The Imfundo Trust Scholarships provide funding to study on a full-time basis for a first-time undergraduate degree/diploma (including a BTech) at an accredited University in South Africa.

The scholarship covers:

  • Registration and tuition fees, for students studying on a full time basis
  • Prescribed books and other approved study materials.
  • Approved accommodation
  • Meals and a small stipend

How Scholarships are awarded

The main criteria considered for the scholarships are:

  • Academic excellence: Selection will be done on the basis of Grade 11 final results, Grade 12 June results and Grade 12 preliminary results.
  • The minimum requirements are: A 70% average and not less than 70% for Mathematics, and 70% for English FAL (or 60% for English HL).
  • The Imfundo Trust Programme is for candidates whose parent(s) or guardian(s) would not be able to afford paying their tertiary fees.
  • Learners from rural and township backgrounds will be given preference.
  • Hard working learners who are able to demonstrate that they are more likely to succeed in tertiary study.
  • At least 50% of candidates should be black female.

Selection

  • Interviews are conducted with applicants who meet the shortlisted requirements, and the Board of Trustees will consider any other relevant factors when making the final decision on granting the scholarships.
  • The Imfundo Trust reserves the right to adjust or withdraw any scholarship amount that may be awarded in terms of this application, should you be a beneficiary of other financial assistance (e.g. bursary, grants, loans, scholarships, awards, etc).

Courses Offered

  • Business, Commerce, Finance and Management Sciences/Studies
  • Computer Science and Data Processing
  • Law
  • Mathematical Sciences

As the investments business has expanded into Agri-funds, infrastructure and renewable energy we are also accepting degrees of study in the fields of:

  • Agricultural Studies
  • Engineering and Engineering Technology

StudyTrust

StudyTrust is an educational trust and public benefit organisation, that connects learners with potential to their study opportunities. We  administer bursaries and scholarships, provide mentoring and support to help tertiary students thrive academically and personally.

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