Application for the SAICA Thuthuka Education and Upliftment Fund (TEUF) Bursary for 2023/2024 Entry is now open by the South African Institute of Chartered Accountants (SAICA) in South Africa.
To drive this process and ensure its proper governance, SAICA established the Thuthuka Education Upliftment Fund (TEUF) in 2002.[mfn]“Thuthuka.” Org.Za, https://www.saica.org.za/initiatives/thuthuka. Accessed 14 Apr. 2023.[/mfn] 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]).
SAICA THUTHUKA EDUCATION AND UPLIFTMENT FUND ELIGIBILITY
Scholars are selected on the following criteria:
- This bursary is only open to students who want to become Chartered Accountant.
- This document is an application only. It is not in any way an agreement or commitment for funding.
- Successful applicants will be required to sign a contract with both Thuthuka Education and Upliftment Fund (TEUF) and National Student Financial Aid Scheme (NSFAS) for the purpose of being awarded a bursary.
- Thuthuka Bursary cannot be used to pay for existing loans or debts.
- The funding application is for the 2024 academic year.
- Applicants will be considered according to academic performance, National Benchmark Test (NBT) results and financial need as determined by the NSFAS financial means test.
SAICA THUTHUKA EDUCATION AND UPLIFTMENT FUND APPLICATION INSTRUCTIONS
- Applications can only be made individually through https://www.thuthukabursaryfund.co.za/ by the candidates.[mfn]“Thuthuka Bursary Fund.” Thuthukabursaryfund.Co.Za, https://www.thuthukabursaryfund.co.za/. Accessed 14 Apr. 2023.[/mfn]
- Candidates are strongly advised to carefully read the instructions and warnings in the application system.
- Applicants are required to submit and upload the necessary documents to the application system.
- Applications delivered by post, courier, or by hand will not be accepted.
- Applications are free of charge. Please do not entertain any third party institutions or persons who offer to make an application on behalf of you in exchange for a fee.
All candidates must submit the following documents during the online application:
- Signed consent form (download it here)[mfn]“Thuthuka Education Upliftment Fund Consent Form.” Thuthukabursaryfund.Co.Za, https://www.thuthukabursaryfund.co.za/Assets/Images/Consent%20%20Form.pdf. Accessed 14 Apr. 2023.[/mfn]
- Applicant’s ID
- Parent(s)’/Guardian(s)’ ID
- Parent(s)’/Guardian(s)’ salary slip
- Copies of ID documents of persons dependent on family income
- Final Grade 11 results
- Final Grade 12 results (if completed Grade 12)
- Full university transcript (if already at University)
- University provisional acceptance letter (if you are still in high school).
Your application remains incomplete if:
- The consent form is not signed or
- All required documents are not uploaded.
All fields marked in red are compulsory
Your application is not submitted until you press “SUBMIT”
SAICA THUTHUKA BURSARY APPLICATION DATES
The application process for the Thuthuka Bursary Fund is now open for the 2024 academic year. The closing date for applications is 31 August 2023. It is essential to submit your application and all supporting documentation before the deadline to be considered for the bursary. Successful applicants will be required to sign a contract with both Thuthuka Education and Upliftment Fund (TEUF) and National Student Financial Aid Scheme (NSFAS) for the purpose of being awarded a bursary.
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