Application Deadline: June 30th 2019
As a critical stakeholder in society, SAICA has undertaken the responsibility of ensuring that there is a consistent flow into the economy of adequately and suitably qualified accounting professionals who are representative of the country’s demographics. This is done via various skills development initiatives at primary, high school and tertiary education level.
To drive this process and ensure its proper governance, SAICA established the Thuthuka Education Upliftment Fund (TEUF) in 2002. Through TEUF, SAICA focuses on two strategic objectives:
– to grow the number of CAs(SA), and – to transform the demographics of the profession to match the country’s demographic profile.
Thuthuka is a Zulu verb meaning ‘to develop,’ and it reflects the action-based perspective with which transformation in the accounting profession is being driven.
The Thuthuka Education Upliftment Fund (TEUF) is a SAICA skills development implementation entity and is registered as a public benefit organisation in terms of section 18(A) of the Income Tax Act with its principal place of business at 17 Fricker Road, Illovo, Johannesburg, South Africa. A board of directors is responsible for the overall running and governance of TEUF.
The Thuthuka Bursary (TBF) operating under TEUF, states that its primary activity is assisting disadvantaged African and Coloured students to become chartered accountants (CAs[SA]).
Thuthuka’s value proposition is to sustain the future of the charteredaccountancy profession and transform its demographics by:
– advancing education; – empowering youth; and – sustaining the future of the CA(SA) profession
Requirements for application of the Thuthuka bursary
The learner must be African or Coloured
The learner must be a South African Citizen
The learner must obtain atleast 60% on Pure Mathematics (5 or above on the NSC Scale of Achievement) NOT MATHS LITERACY or TECHNICAL MATHS
The learner must be in Grd12 intending on studying B comm. Accounting
The learner must be financially needy and will be assessed using the NSFAS MEANS TEST to confirm financial need
The learner must not be out of Matric/school f or more than 2 years.
To be considered for the Thuthuka Bursary Fund, you are required to register and write the National Benchmark Test (NBT).
The Process of Awarding a Bursary
The application must have met the above criteria
The learner must have or be in the process of applying to one of the following tertiary institutions:
University of Johannesburg (UJ) – (Bachelor of Accounting (Course Code BCA012)
University of Cape Town (UCT) (B Com – Course code CB023)
Nelson Mandela University (NMU) (B Com Accounting (Course Code 40003)Rhodes University (RU) – Bachelor of Commerce (Accounting)
Stellenbosch University (SU) – B Com Accounting/B Rek (Course Code 3091001)
University of Pretoria (UP) B Com Accounting Science (Course Code 07130042)
The closing date for our bursary is the 30th of June 2019 for the following year.Our postal address:-
Thuthuka Bursary Fund,
Private Bag X32 Northlands 2116 OR
EMAIL: tbf@saica.co.za
Contact centre number 08610 72422
For More Information:
Visit the Official Webpage of the SAICA’s Thuthuka Bursary Fund 2019
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