Are you a talented South African student from a previously disadvantaged background pursuing a career in finance or a related field?
The Momentum Investments Bursary program is offered by Momentum Investments, a subsidiary of the leading financial services group Momentum Metropolitan Holdings.
It can help you achieve your academic goals without the burden of financial constraints.
Momentum Investments is a trusted name in South Africa’s financial services industry.
They assist individuals, businesses, and financial advisors in achieving their financial aspirations.
Through the Phambili Bursary program, Momentum Investments demonstrates their commitment to empowering talented and deserving students by fostering the next generation of financial professionals.
About the Momentum Investments Bursary
The Momentum Investments Bursary targets high-achieving South African students from previously disadvantaged backgrounds.
The bursary assists students pursuing undergraduate degrees in fields integral to the financial sector, including:
- Accounting
- Financial Management
- Information Technology
- Investment Management
- Mathematics
- Statistics
- Related fields
The bursary offers comprehensive financial support, covering essential expenses like:
- Tuition fees
- Textbooks
- Accommodation
This support system allows bursary recipients to focus solely on their studies, maximizing their academic potential.
However, there’s an additional benefit to consider.
Upon graduation, bursary recipients gain valuable industry experience by participating in the Phambili internship program, a fantastic opportunity to gain practical skills and build a network within the financial services industry.
Momentum Investments Bursary Eligibility Criteria
To qualify for the Momentum Investments Bursary, you must meet the following minimum requirements:
- Planned Studies: Be enrolled in or planning to enroll in an undergraduate BCom degree program within one of the fields listed above for the 2025 academic year.
- University Status: Be currently studying or have secured acceptance at a recognized and accredited public university in South Africa.
- Year of Study: Be entering your first, second, or third year of study in 2025.
- Academic Performance: Demonstrate a strong academic record with a minimum overall average of 75% for your previous year of study.
- Background: Come from a previously disadvantaged background.
- Financial Need: Have a combined household income of less than R600 000 per annum.
Momentum Investments Bursary Application Requirements
Applications for the Momentum Investments Bursary program are submitted exclusively online.
Once you complete the online application, your eligibility will be assessed.
If you meet the initial criteria, you’ll receive further instructions and prompts to upload supporting documentation.
Here’s a list of potential documents you might be required to submit:
- Certified copy of your ID document
- Official university academic record with the latest results (on university letterhead)
- Proof of university acceptance for the 2025 academic year
- Proof of your household income (parents’ or guardians’ latest payslips if employed, affidavit if unemployed, proof of SASSA grant or pension if applicable)
Ensure all documents are clear, legible, and valid for a smooth application process.
How to Apply
The application process is straightforward. Submit your online application before the closing date to ensure your application is considered.
Here’s the contact information for further inquiries:
Email: [email protected]
Momentum Investments Bursary Closing Date
The closing date for the Momentum Investments Bursary program for the 2025 academic year has already passed on October 4th, 2024.
I recommend checking the Momentum Investments website or contacting them directly for updated information and application deadlines for the next academic year.