Eligibility Requirements
- South African citizen, previously disadvantaged under the B-BBEE codes
- Studying toward an undergraduate BCom degree or equivalent (Accounting, Financial Management, IT, Investments Management, Mathematics, or Statistics)
- Entering 1st, 2nd, or 3rd year of study
- Overall average of at least 75% in your previous year of study
- Total household income below R600,000 per year
- Studying at a South African public university
Documents Needed
- Certified copy of your South African ID document
- Certified copy of your Matric certificate
- Academic transcript
- Proof of household income
About Momentum Investments Bursary
The Momentum Phambili Bursary funds undergraduate BCom study in Accounting, Financial Management, Information Technology, Investments Management, Mathematics, or Statistics. Momentum is one of South Africa's largest financial services groups, formed from the 2010 merger of Metropolitan Holdings and Momentum Group, and the bursary is designed to build a pipeline of graduates in the technical disciplines its insurance and investment businesses depend on most.
After graduating, bursars move into Momentum's Phambili internship programme, giving them a direct route from funded study into a first professional role at the group.
Funding Details
The bursary covers tuition fees, textbooks, and accommodation. After graduating, recipients take part in the Phambili internship programme, which gives them practical work experience and a direct route into the group.
Where You Can Study
You need to be studying at a South African public university. Momentum doesn't fund students at private institutions through this bursary.
About Momentum
Momentum Group (formerly Momentum Metropolitan Holdings) is one of South Africa's largest financial services groups, formed through the 2010 merger of Metropolitan Holdings and Momentum Group. Headquartered in Centurion,…
View full provider profile →Fields of Study & Who Can Apply
You need to be a South African citizen who is previously disadvantaged under the B-BBEE codes, studying toward an undergraduate BCom degree or equivalent at a South African public university, entering your 1st, 2nd, or 3rd year of study. You'll need a strong academic record, generally an overall average of at least 75% in your previous year of study.
Your total household income also needs to fall below R600,000 a year, so this bursary combines both merit and financial-need criteria rather than relying on just one.
Application Procedure
Apply directly with the provider using the official application link below, before the closing date.
Applications for this cycle have closed. Check the provider's site for the next intake.
- Closes
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Frequently Asked Questions
Which fields does the Momentum bursary cover?
Accounting, Financial Management, Information Technology, Investments Management, Mathematics, or Statistics, as part of a BCom degree or equivalent.
What average do I need?
Generally at least 75% in your previous year of study.
Is there an income limit?
Yes - total household income must be below R600,000 a year.
Which year of study can I be in?
1st, 2nd, or 3rd year - the bursary isn't limited to first-year students only.
Which universities qualify?
South African public universities only - private institutions aren't covered.
What does the bursary cover?
Tuition fees, textbooks, and accommodation.
What happens after I graduate?
You join Momentum's Phambili internship programme, giving you a direct route into the group.
How do I apply?
Online - complete the application, and you'll be prompted for supporting documents if you meet the initial criteria.
