The history of Nedbank dates back to 1831 when the Cape of Good Hope Bank was established. Following numerous name changes; structural changes and rebranding; the Nedbank Group was then formed in 2003.
As one of the four largest banks in South Africa, Nedbank is also one of the newest. The bank is present in 6 countries within the Southern African Development Community (SADC), as well as owning banks and subsidiaries in Zimbabwe, Namibia, Mozambique, Swaziland, Malawi and Lesotho.
The services offered by the bank include wholesale and retail banking services, wealth management offering, insurance and asset management.
In 1969, Nedbank listed their ordinary shares on the JSE Limited – today they are within the “Top 40” companies on the JSE and boast a market capitalisation of R93 billion.
About the Nedbank Bursary
Nedbank is inviting students to apply for their External Bursary Programme, for the 2025 academic year.
Bursaries will be awarded for studies towards a first Undergraduate or Honours degree, to address scarce-skills shortages in the country, with a specific focus on Science, Technology, Engineering, Mathematics (STEM) and Green Economy skills.
Green Economy skills are areas of study focused on improving social well-being and social equity, as well as greatly reducing environmental risks and ecological insufficiency (including reduction of carbon emissions and pollution, enhancing natural capital and increasing energy and materials efficiency).
Requirements
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- You must be a South African citizen
- You must be currently in Matric or have completed Matric
- You must be studying or intend on studying towards your first undergraduate or Honours qualification in 2025
- You must be studying or have been accepted to study full-time at a recognised and accredited public University or University of Technology in South Africa
- You must have a strong academic record
- You must have passed Mathematics in Matric (NOT Mathematics Literacy)
- You must have achieved a minimum overall average of 65% for the 2024 academic year (at Matric or University level)
- You must have achieved a minimum overall average of 65% for all subjects that are aligned to your University qualification
- You must have proven financial need (to be determined by household income)
How to Apply
Applications must be submitted online at: Nedbank Bursary Application 2025
Submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document or card (certified copy)
- Grade 11 final results AND Matric mid-year results, if currently in Matric (certified copy)
- Matric certificate AND latest mid-year results, if currently in 1st year at University (certified copy)
- Latest tertiary results AND mid-year results, if currently in 2nd or 3rd year at University (certified copy)
- A completed Nedbank Financial Checks Affidavit (.pdf) – signed by the applicant AND parent or guardian
Selection Process
- All applications will be screened and shortlisted in line with the qualifying criteria.
- Shortlisted candidates will be required to attend a virtual interview, partake in psychometric testing and other assessments.
- After the screening process, applications and results will be assessed by the Nedbank Educational Trust.
- Bursaries will then be awarded at the discretion of the Trust.
- All candidates will be informed of the outcome of their applications, after the recruitment process is complete.
Shortlisted candidates will be required to also submit the following documents:
Parents, legal guardians and all income-earning members of a shortlisted applicant’s household must provide the following:
- Written consent from parents, guardians and other income earners in your household, stating they understand that personal information will be requested and submitted to third parties to assist the Nedbank Educational Trust with verifying income
- Completed income and expenditure statement from parents, guardians and other income earners in your household
- The following documents, submitted within 7 working days of the application, combined into a single document:
- ID documents of parents, guardians and other income earners in your household (certified copies)
- Proof of income of parents, guardians and other income earners in your household (most recent payslips or letters of employment, not older than 3 months: if employed / proof of income, home loan account statement, and city or town council rates and taxes statement, not older than 3 months: if informal traders or hawkers / IRP5, IT3 and IT12 forms for the past 2 years: if earning commission only / official pension slip or bank statement, not older than 3 months: if receiving income from pension, grant, maintenance, rent, interest from investments)
- 3 months’ recent bank statements of parents, guardians and other income earners in your household
Closing date
31 July 2024.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered).