Does the IDC offer bursaries for postgraduate study?

Occasionally. The IDC primarily funds undergraduate degrees but may offer postgraduate funding in exceptional cases. Contact bursaries@idc.co.za for current availability.

Can I apply if I am already in my second year of study?

Yes. The IDC accepts applications from students at various stages of their undergraduate degrees, not only from matric candidates.

Is the work-back agreement mandatory?

Yes. All funded students must serve a work-back period of one year per year of funding. If you do not complete the work-back, the bursary converts to a loan that must be repaid.

Which universities are eligible?

All accredited South African public universities are eligible. Students at TVET colleges are not typically eligible for this programme.

Last updated: June 2026— Information is subject to change. Always verify with the relevant government department.

IDC Bursary 2026 — Industrial Development Corporation

The Industrial Development Corporation (IDC) offers bursaries to South African students studying disciplines that support industrial and economic development. Funded students are typically expected to complete a work-back agreement with the IDC or one of its investee companies.

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About the Industrial Development Corporation (IDC) Bursary

The IDC is a self-financing South African development finance institution established in 1940. Its mandate is to promote economic growth and industrial development. The IDC bursary programme focuses on engineering, finance, business management and related fields that support the corporation's investment activities across Africa. Bursaries are awarded on merit and financial need. Successful applicants benefit from full tuition coverage, a living allowance and mentorship opportunities within the IDC.

What the Bursary Covers

Full tuition and registration fees
Annual book and stationery allowance
Monthly living stipend
Vacation work placement at IDC offices
Work-back placement after graduation

Eligibility Requirements

Citizenship: South African citizen or permanent resident
Study level: Undergraduate degree at a South African university
Fields of study: Chemical Engineering, Mechanical Engineering, Industrial Engineering, Finance, Accounting, Business Management, Economics
Academic average: Minimum 65% in relevant subjects including Mathematics
Financial need: Applicants from households with combined income below R350,000 per year are prioritised
Work-back obligation: One year of employment at IDC for every year of funding received

When to Apply

Applications typically open in August and close in October each year for study beginning the following January. Check www.idc.co.za for exact dates.

How to Apply — Step by Step

Visit the IDC careers and bursary portal at www.idc.co.za
Click on the bursary section and read the requirements carefully
Create an account and complete the online application form
Upload all required supporting documents
Submit your application before the closing date
Shortlisted candidates will be contacted for interviews

Documents Required

Certified copy of South African ID
Certified copy of matric certificate with results
Most recent academic transcript (if already studying)
Proof of registration or conditional acceptance letter
Proof of household income (parents or guardians)
Motivational letter (500 words minimum)
Two academic or school reference letters

Tips and Additional Information

The IDC invests in sectors including mining, manufacturing, agro-processing, media and green industries. Bursary students who perform well during vacation work placements are often prioritised for graduate positions within the IDC or its investee companies.

Contact Details

Official website: https://www.idc.co.za
Email: bursaries@idc.co.za
Phone: 011 269 3000
The IDC is based in Sandton, Johannesburg. All applications must be submitted online.

Frequently Asked Questions

Disclaimer: CitizenHelp is an independent information resource and is not affiliated with any government department. This content is for general guidance only. Always verify with official sources before taking action.