IDC Bursary South Africa 2025
Students are invited to apply for the IDC External Bursary program for the 2025 academic year, offered by the Industrial Development Corporation. This program aims to support deserving students in pursuing their academic goals. Before applying for the bursary program, you need to know about the eligibility requirements, required documents, and application deadline to ensure a smooth application process.
This guide will provide you with all the necessary details and step-by-step instructions to help you complete your application with ease. Hence, keep reading to learn everything about IDC Bursary South Africa 2025.
About IDC
Founded in 1940, the Industrial Development Corporation (IDC) is a government-owned entity in South Africa, overseen by the Economic Development Department. As a national development finance institution, the IDC supports youth enterprises engaged in industrial development projects by providing them with financial and non-financial assistance. The institution was set up to boost economic growth and industrial development, with a focus on creating sustainable jobs in South Africa and throughout Africa.
IDC Bursary South Africa 2025
The IDC bursary is a financial assistance program provided by the Industrial Development Corporation (IDC) to support students in South Africa. The bursary’s main aim is to help students pursue studies in fields related to industrial development. The following is the in-depth explanation of IDC Bursary South Africa 2025:
What are the Fields and Expenses Covered by IDC Bursary?
Undergraduate students can apply for bursaries in the selected fields. These include the following:
Commerce and Management studies:
- BCom Accounting (CA)
- Economics
- Econometrics Business Management
- Cost and Management Accounting
- Entrepreneurship
- Financial Accounting or Engineering
- Financial Management
- Investment Management
- Information System (BCom)
- Information Technology
- Internal Audit
- Quantitative Finance
- Quantitative Risk Management
- Supply Chain Management
- Transport or Logistics Management
Engineering:
- Analytical Chemistry
- Agricultural Studies
- Chemical Engineering
- Civil Engineering
- Construction Engineering
- Electrical Engineering
- Electronic Engineering
- Geology
- Industrial Engineering
- Mechanical Eningeering
- Metallurgy Engineering
- Mining Engineering
- Quantity Surveying
Law:
- BCom Law
- Bachelor of Law (LLB)
- Diploma Law Studies
- Postgraduate Diploma in Law
Applied Commercial Sciences:
- Analytical Chemistry
- Actuarial Science
- Agricultural Studies
- Biotechnology
- Computer Science
- Data Science
- Environmental Science
- Mathematics
- Physics
- Statistics
IDC bursary will cover expenses such as tuition fees, accommodation, meals, and transport allowances, and a one-time provision for a laptop. Students need to show financial need and an affordability check will be done during the selection process.
What are the Eligibility Requirements For IDC Bursary?
Fulfilling the eligibility criteria is a must to be considered for the bursary program and move forward in the selection process. The following are the criteria:
- Applicants must hold South African citizenship.
- Applicants must be 26 years old or younger.
- Applicants must either be currently in Matric or have already completed it.
- Applicants must be enrolled or planning to enroll full-time in their first undergraduate qualification in one of the specified fields, as the bursary does not cover the second qualification.
- Postgraduate funding is exclusively available for students in Accounting, Finance, and Law, with no support provided for postgraduate studies in other fields.
- Applicants must be studying or planning to study at a recognized public university, university of technology, or TVET college in South Africa, as the bursary does not cover studies at private colleges.
- Maric students must have attained a minimum of 75% Admission Point Score (APS) to be eligible.
- Tertiary students must have earned a minimum of 65% APS to qualify.
- The combined household income must not exceed R600,000 per year.
- Applicants must demonstrate excellent academic performance.
- You need to show that you are in financial need.
- You should be unemployed.
- Students living with a disability will be prioritized.
- Students from Quintile 1,2, and 3 public schools, as well as those from disadvantaged communities and rural areas, will be prioritized.
How to Apply For IDC Bursray?
The following is the step-by-step procedure to apply for the IDC bursary:
- Open the IDC official website (Bursary Portal) on your device.
- After opening the website, log in to your account. If you don’t have an account, create one by following the simple registration process.
- Along with your online application, you must submit clear copies of the following supporting documents:
- A certified copy of your ID document, dated within the last six months.
- Certified copies of your Grade 11 final results and Matric June results, if you are currently in Matric.
- A certified copy of your Matric certificate, if you have completed Matric.
- A certified copy of your latest academic results, if you are not studying this year.
- Certified copy of your 2024 mid-year (first semester) results, if you are currently studying.
- A proof of acceptance or provisional admission from a tertiary institution’s letterhead.
- Certified copies of your parents’ or guardians’ ID documents, dated within the last six months.
- A certified copy of the unabridged birth certificate, if the applicant’s surname differs from that of parent(s).
- Certified copies of your parent’s or guardian’s proof of income, which could include the latest payslip if employed, an affidavit and 6 months bank statements if unemployed, 3 months of bank statement if self-employed, a SASSA letter if receiving grants, a death certificate if deceased, a divorce certificate if divorced, a sworn statement if separated.
Closing Date: 30 September 2024
Ending Lines
In conclusion, the IDC bursary applications are now open for the 2025 academic year. Read the instructions mentioned in the guide to successfully apply for the IDC bursary.
