The FirstRand Foundation Trust Undergraduate Bursary Programme

The FirstRand Foundation Trust offers bursaries to first-year students in critical skills degree programmes (Agriculture, Commerce, Engineering, Science or Technology) at traditional public universities. The degree programmes funded are informed by the critical skills needs of the country, FirstRand and social investing focus areas.

The selection criteria are proven academic potential and belonging to a family with a combined gross annual income of between R350,000 and R600,000. Current Grade 12 learners are invited to apply for this prestigious opportunity. Applicants who completed Grade 12 not more than 3 years ago will also be considered.

The bursary covers the first undergraduate degree. Where a postgraduate qualification (PGD or Honours degree) is essential to give access to employment opportunities, e. g. accounting and actuarial science, funding for a postgraduate qualification will be accommodated.

StudyTrust has been appointed by FirstRand Foundation Trust to administer the bursaries. The FirstRand Foundation was established in 1998 as the legal vehicle through which FirstRand Limited and its major franchises (FNB, RMB and WesBank) direct their individual and collective corporate social investment. From inception, the FirstRand Foundation received 1% of FirstRand Limited’s net profit after tax (NPAT).

Degree Programmes Funded

Commerce, engineering, science and technology degree programmes majoring in the following disciplines:

Commerce: accounting, economics, financial management, law, risk.

Engineering: all specialisations.

Science:  actuarial science, agricultural sciences, biosciences, climate sciences, data science, electronics, environmental sciences, indigenous knowledge systems, mathematical sciences, physics, renewable energy, society and sustainability, statistics.

Technology: business information systems, computer science, information management, information systems, information science, information technology.

Selection Criteria

  • Only Black South African citizens will be considered
  • Applicants must have obtained a minimum of level 5 for Mathematics in Grade 12
  • Applicants must not be older than 21 years in their first year of study
  • Applicants must have applied for and been provisionally admitted into a South African public traditional university for fulltime studies in the degrees stated above
  • Only applicants currently in Grade 12 or who have completed Grade 12 not more than 3 years ago will be considered
  • Applicants must belong to the so-called missing middle – and be able to prove that their combined annual gross family income is between R350,000 and R600,000.

What the Bursary Covers

Tuition fees, accommodation, meals, learning resources, a monthly stipend, and a computer for first-year students.

The Trust wishes to maintain regular contact with the selected cohort of students. The interaction with students includes but is not limited to:

  • Vacation Work
  • Hackathon
  • Mentoring
  • Think Tank
  • Invitation to FirstRand Offices
  • Students’ transportation to and from campus to provincial headquarters
  • Interaction with FirstRand personnel at the university campus
  • Driver’s License.

How to Apply

Applications must be completed on StudyTrust’s online application platform and submitted on or before 31 October to be considered for a bursary for next year.

Closing Date

31 October 2022

About Us
Level 1 QSE B-BBEE Contributor
Registered Educational Trust
PBO Tax Exempt 
45+ Years experience
R600 million+ in bursaries to students
21 000+ Bursaries & scholarships awarded
NSFAS NGO Partner & UNHCR Implementing Partner
NPO Sustainability Rating
Level One (>91%)
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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