Absa sets aside R210 million to support needy university students

Absa Bank has announced a three-fold increase in the Barclays Africa Group’s 2017 CEO Scholarship Fund to R210 million.

According to Nandi Scorer, head of customer Cape Region at Absa Bank Limited, this initiative will result in 3000 university students across ten African markets in which they operate, each receiving a scholarship for the current academic year.

In the Western Cape between 2016 and 2017, out of the R210 million, R35 million will go to our four local universities.

Nandi Scorer, head of customer Cape Region at Absa Bank Limited

These four universities will then determine how the money gets allocated to students according to their needs. She says the students don't have to pay the money back.

The criteria is a combination of academic performance and financial needs

Nandi Scorer, head of customer Cape Region at Absa Bank Limited

To hear more of this interview and how students can apply, listen below:


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'Foreshore development plan will exacerbate spacial and social divide'

'Foreshore development plan will exacerbate spacial and social divide'

UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.

WC government raises concerns over taxi conflicts being taken to taxi ranks

WC government raises concerns over taxi conflicts being taken to taxi ranks

Two killed, nine others injured during shooting at Langa taxi rank.

Nikiwe visits university in Mauritius forging African excellence

Nikiwe visits university in Mauritius forging African excellence

African Leadership University focuses on skills development for the continent and aims to produce world class African leaders.

Absa explains why it’s going to court over Public Protector Report

Absa explains why it’s going to court over Public Protector Report

The Money Show’s Bruce Whitfield interviews Adv. Paul Hoffman, Director at Accountability Now, and Absa Spokesperson Songezo Zibi.

Project aims to get to the bottom of mental health issues facing uni students

Project aims to get to the bottom of mental health issues facing uni students

A study is investigating how prevalent common mental disorders are among undergraduate university students across the globe.

Wits Uni's Gigi wows at Producer Brad's first #RapBattle

Wits Uni's Gigi wows at Producer Brad's first #RapBattle

Producer Brad's looking for an MC who can battle their way to the #947JoburgDay with MTN stage!

Popular articles
This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

The ANC treasurer-general confirmed Mantashe’s comments that the President did not consult the ANC leadership on the reshuffle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.