2. FINANCIAL ASSISTANCE FOR APPROVED BURSARS AND RETENTION AGREEMENT:

2.1 The Company will grant the bursary amount to the Recipient in terms of this agreement for the 2027 academic year.
2.2 The Company will be under no obligation to award any financial assistance for the academic years following the year in which the initial bursary was awarded.
2.3 The Company reserves right to reconsider the awarding of the bursary on an annual basis. Should the Recipient wish to be considered for subsequent funding, they must reapply at the prescribed time for each academic year.
2.4 The Recipient shall not, without prior written permission from the Company, deviate from the qualification and institution that has been approved for the purposes of this bursary.
2.5 The Company shall assist Recipients with bursaries that cover only pre-approved costs, which are limited to:
2.5.1 Registration fees;
2.5.2 Tuition fees;
2.5.3 Approved Prescribed Study Material/ Textbooks
2.5.4 Student Accommodation (On and Off Campus)
2.5.5 Meal Allowance / Stipend
2.6 The Company is only liable for costs as stated in paragraph 2.5. The Parties agree that all other costs (including those relating to supplementary/differed examinations) are excluded from this agreement and the costs of which shall be for the Recipient. The Recipient agrees that prior written consent from the Company is required for any variation to the covered costs
2.7 The Recipient is required to furnish the Company with satisfactory proof of academic results at the end of each semester.
2.8 The Recipient must maintain a pass rate of 60% in order to be considered for funding in the subsequent academic year.
2.9 The Recipient may not concurrently hold any other bursary, awards, internships, or emoluments concurrently with this bursary, which bind him/her to enter the service of any organisation upon completion of his/her studies.
2.10 Upon successful completion of the approved tertiary qualification, the Recipient agrees to grant to the Company the right of first offer of employment, should an offer be extended by the Company in its sole discretion.
2.11 At the sole discretion of the Company, the Recipient shall enter into a contract of employment with the Company’s, graduate programme.
2.12 Once employed, the Recipient shall be required to remain in the service of the Company for a period equal to the duration of the bursary after successful completion of the approved tertiary qualification.
2.13 The Recipient agrees and accepts that they will be required to successfully undergo all recruitment-related checks as required by the Company.
2.14 Should the Recipient refuse to accept a contract of employment with the Company or to remain in service with the Company as per clause 2.12, then the full amount of the Bursary paid to them in terms of this Agreement must be paid back to the Company.
2.15 Should the Recipient leave the employment of the Company before completing the required service period as described in paragraph 2.12, the pro-rated portion of the full bursary paid to them in terms of this agreement must be paid back to the Company above then the pro-rated portion of the full bursary paid to them in terms of this agreement must be paid back to the Company. However, no repayment shall be applicable in the case of death, ill-health, incapacity, or retrenchment of the Recipient.
2.16 Should the Recipient be dismissed from his/her employment at the Company, in accordance with the applicable labour law legislation before completing the required service period as described in paragraph 2.12, then the pro-rated portion of the full bursary paid to them in terms of this agreement must be paid back to the Company, within the stipulated time frame, that will be communicated to the Recipient at time of dismal.
2.17 The Recipient is required to conduct themselves in a professional and ethical manner for the duration of the course of the bursary, ensuring they do not bring the Company’s name into disrepute.
2.18 Should the Recipient fail to fulfil any of the aforesaid conditions or should it transpire that a bursary was awarded on the basis of false information supplied to the Company, the Company is entitled to terminate the agreement, in this event the Recipient will be liable to refund the Company for the full amount of the bursary, or part thereof, which will become due and payable or whatsoever amount that has been paid on his/her behalf at the time of cancellation.
2.19 Recipients may withdraw their consent at any time by notifying the Bursaries Team in writing at [email protected] . Any images posted during the period of the consent will remain, the withdrawal will only apply after the date of submission of such withdrawal, so no future images will be posted.