JSE, or Johannesburg Stock Exchange, is the world’s 19th largest stock market exchange and the largest stock exchange in South Africa. The market cap of JSE is around $1,282 billion. It was established in 1887 during the gold rush period in South Africa, making it the oldest stock exchange on the African continent.
The Johannesburg Stock Exchange operates a fund that aims to empower disadvantaged students in the country. Known as the JSE Empowerment Fund (JEF), it provides funding to students who cannot pursue their education due to a lack of financial means.
JSE Empowerment Fund (JEF) Bursary 2024
JSE Empowerment Fund runs a bursary programme to provide financial assistance to a certain number of students every year. The aim is to uplift the community and improve the South African labor market. It’s a multidisciplinary bursary with funding provided in more than one field of study.
For the upcoming academic session, here are the fields where the bursaries will be provided:
- Actuarial Science
- Computer Science
- Information Technology
- Data Analytics
Only applications from the following Universities will be considered:
- University of Pretoria
- University of Johannesburg
- University of the Witwatersrand
- Nelson Mandela University
- University of Cape Town
- University of Limpopo
- North-West University
- Fort-Hare University
- University of Kwa-Zulu Natal
- University of the Free State
The value of the bursary will be decided on a case-by-case basis. Depending on the need, JSE will cover either half or the entire tuition cost.
Shortlisted candidates will get more details on the benefits, coverage, and amount. JSE will contact the shortlisted candidates soon after the closing date. If you do not receive any emails or communication, consider your application unsuccessful.
Eligibility Criteria For The JSE Empowerment Fund
There are specific eligibility criteria for the JSE Empowerment Fund bursary. These are defined by JSE to select candidates from a large pool of applicants. Since the number of applicants always outnumbers the amount of funding available, JSE can’t award the bursaries to everyone. Failing to meet any of the criteria will result in immediate rejection. Therefore, always cross-check before applying to avoid rejection.
The eligibility requirements for JSE Empowerment Fund Bursary are:
- Must be a South African citizen
- Must have completed Matriculation
- Must be pursuing a degree in one of the fields of study mentioned above.
- You must be studying at one of the Universities mentioned above.
- Must be in the second, third, or fourth year of study or Postgraduate (Honours) level of study
- Must be studying full-time and not part-time
- Must have a strong academic track record
- For undergraduate students: you must have achieved a minimum overall average of 60%
- For postgraduate students: you must have achieved a minimum overall average of 60%
- Total household income shouldn’t exceed R 600,000 per annum
Fulfilling all the requirements, however, doesn’t guarantee funding. Students who belong to a designated group and come from a previously disadvantaged background will get preference over others. Those with a stronger academic performance will also get priority. The decision taken by the JSE on this matter will be considered final.
How to Apply For The JSE Empowerment Fund?
Eligible students should move forward with the application process and apply for the bursary. It’s a short process that takes no more than an hour to complete. But it’s vital to follow the proper instructions and not submit incorrect or incomplete forms. Such submissions are not considered for funding. Here are the steps involved in applying for the JSE Empowerment Fund (JEF) Bursary:
The first thing you need to do is complete the online application on the JSE Career Page. The portal is how JSE manages all the applicants. If this is your first time, sign up and create an account. If not, you can sign in to your existing account. Read through all the instructions and complete the fields.
Alternatively, you can also apply using the Pnet portal. Click on the ‘Apply Now‘ button to get started.
You’d have to submit the documents necessary for the bursary application. Applications without these forms will not be accepted. Therefore, always ensure you’ve uploaded the following documents:
- ID documents
- Matric certificate
- Complete academic records or transcripts, including the latest results (must be on institution letterhead)
- Certificate of your undergraduate qualification, if pursuing a postgrad degree (must be certified copies)
- Proof of acceptance at a tertiary institution (must be on institution letterhead)
- A declaration stating that they’re JSE dependent, for JSE dependents only
Upload all the documents and submit your application.
Closing Date Of The JSE Empowerment Fund
The JSE Empowerment Fund is currently open, and the last date to apply for it is 31 October 2023.
JSE contacts successful candidates, while the unsuccessful ones should await the next application process.
Contact Details Of The Bursar
For more details on the bursary programme, contact JSE at:
If the bursary has already been closed, please do not make any queries if the bursary is closed. View our other bursaries open for application here: https://allbursaries.co.za/notice/