ABSIP Bursary scheme is only open to historically disadvantaged individuals to help ABSIP achieve its strategic objective of promoting careers in the financial services sector as a profession within the black communities and also of facilitating growth in the demographic representation of black professionals in the core strategic areas of the financial services sector.The relevant course of study for an ABSIP bursary is commercial degree or a related discipline however a course of study that is considered critical or in short supply to the broader South African economy will also be considered.The bursary is designed to offer financial assistance based on academic merit and financial need. The academic merit involves having achieved a good academic record at the school level or at least a second class pass in the university studies. The bursary award is capped at R 50,000 per student and mainly covers tuitionfees and book allowance.
How To Apply
The Association of Black Securities and Investment Professionals (ABSIP), was established in 1995 to address the apparent lack of representation of black professionals in the securities and investment industry.
It was also conceived as a platform to address the aspirations of those in the industry and to create a forum for black professionals to exchange Information and Ideas. The mandate of ABSIP has evolved to encompass the empowerment of black professionals and black business across the financial industry. Its membership has grown to include sub-sectors such as Asset Management, Corporate Banking, Corporate Finance, Corporate Managerial and Financial Consulting, Employee Benefits, Insurance, Investment Banking, Retail Banking, Private Banking, Private Equity, Stock broking, Treasury and Development Finance Institutions (DFIs).
ABSIP has become widely recognised as an influential force in the transformation of the Financial Sector as evidenced by its participation in drafting the landmark Financial Sector Charter (“FSC Charter”). ABSIP is an affiliate member of the BBC (Black Business Council)