First Rand Bursary

First Rand Bursary – South African citizens are invited to apply for a prestigious scholarship offered by FirstRand under two categories:

  1. The FirstRand Laurie Dippenaar Scholarship; and
  2. FirstRand/Canon Collins Scholarship to the University of Cambridge.

The FirstRand Laurie Dippenaar scholarship is available to South African citizens for postgraduate study outside South Africa. Successful students will be awarded with a scholarship to a monetary value of R600 000 per annum for a maximum of two years. Students are advised to first apply for admission to any university of choice in any country outside South Africa. Excellence is the only criteria for selection.

FirstRand has entered into a partnership with Canon Collins Educational and Legal Assistance Trust and the University of Cambridge as part of its new Global Leaders’ scholarship programme. This is a full scholarship to do a Master’s degree at Cambridge University. 

Preference will be given to previously disadvantaged students for this Scholarship. Candidates applying for the FirstRand/Canon Collins Scholarship to the University of Cambridge will also automatically be entered into the FirstRand Laurie Dippenaar Scholarship.We have attached the following documents for students in order for them to obtain more understanding of the scholarships:

How to Apply for First Rand Bursary

Click Here to Apply Online

The deadline for applications is 26 February 2015. Note this bursary is now closed. More bursaries available online

First Rand Bursary: About First Rand

The FirstRand group’s history traces back to the 1970s as an investment bank. The group as currently was established on April 1, 1998, through a merger of the financial services interests of Anglo American Corporation of South Africa Limited (now Anglo American plc) and RMB Holdings (RMBH) in order to achieve the objective of a unified financial services grouping.

These financial services interests were First National Bank Holdings, Momentum Life Assurers Limited (“Momentum” now part of MMI Holdings) and the Southern Life Association Limited (“Southern Life”) all of which were listed on the JSE. FNB and Southern Life were delisted from the JSE and constituted as wholly owned subsidiaries of Momentum which was the vehicle to affect the merger. Momentum changed its name to FirstRand Limited and was listed on the Johannesburg Stock Exchange on May 25, 1998 with Anglo American and RMB Holdings holding 20.43% and 25.03% of the authorized capital of FirstRand respectively. Anglo American has since shed its entire shareholding.

Post merger events saw the merging of Rand Merchant Bank and FNB to form FirstRand Bank Limited, with the two units remaining to trade as divisions of FirstRand Bank Limited and the transfer of Momentum’s insurance business to that of into Southern Life to form FirstRand Insurance Limited.

FirstRand is listed as a “locally controlled bank” by the South African Reserve Bank, the national banking regulator. The group has subsidiaries in South Africa and in the countries of Botswana, Mozambique, Namibia, Lesotho, Tanzania, Ghana, Zambia, Nigeria and the UK.

In November 2012, the Central Bank of Nigeria issued the first merchant banking licences in more than a decade to RMB Nigeria and another local firm.