Full-cost bursary open to Engineering and IT students who have an interest in a career with the largest steel-producer in the world.
In 1989, Iscor was privatised and listed in the Steel and Allied Sector of the JSE. Iscor partnered with the industrial Development Corporation in 1996 to build the Saldanha Steel Mill, which started production in 1999. By the beginning of the 2000s, Iscor had begun to unbundle its steel and mining operations into two separate entities – Iscor and Kumba Resources. In the new setup, Kumba took over coal, zinc, and iron ore mining operations.
In 2003, LNM Holdings bought a R1.8 billion stake in Iscor and the company was renamed to Ispat Iscor. A year later, LNM Holdings, the parent company of Ispat Iscor, was acquired by Dutch-based Ispat International NV. Following the merger, the company’s name was changed to Mittal Steel Company NV, and Ispat Iscor started trading as Mittal Steel South Africa Limited in 2005.
In 2006, a merger between Mittal Steel SA and Arcelor formed ArcelorMittal South Africa, a subsidiary of the largest steel company in the world, with operations in 60 countries in Africa, the Americas, Europe and Asia. The steel producer employs over 220,000 people.
ArcelorMittal is the largest steel producer in Africa, with a production capacity of 7 million tonnes of liquid steel per year. The company is a Level 4 BBBEE contributor.
ArcelorMittal Bursary Program Overview
In the second and third year of study, bursary recipients will receive practical training by working at ArcelorMittal for a period of six weeks during their university vacations between December and February. Following the completion of their studies, bursary recipients are entered into the compulsory Candidate Engineering programme for a period of 24 months in order for them to fulfill the requirements to become fully fledged engineers.
Bursary recipients will have the full costs of their tuition covered, including the additional costs for textbooks, accommodation and meals. In addition, ArcelorMittal will pay for the purchase of a scientific calculator and computer.
Throughout the course of their studies, bursary recipients will be assigned a mentor who will provide support and help to monitor the student’s overall well-being. The performance of students on the bursary programme is formerly assessed twice a year via university visits, where ArcelorMittal’s bursary administrator will decide whether each bursar’s results warrant an extension of the bursary for the next academic year. Students will also have access to the Technician Association, a forum of young professionals who were previous recipients of the company’s bursary.
ArcelorMittal offers bursaries for students pursuing studies in:
- Mechanical Engineering
- Electrical Engineering
- Chemical Engineering
- Metallurgical Engineering
- Information Technology
The selection of candidates for the bursary programme begins at the very beginning of the students’ Matric year. Students who are interested in the programme are required to send an email to ArcelorMittal’s bursary administrator with a short CV and their Grade 11 results showing that they have maintained a 70% average in Mathematics and Physical Science.
Interviews with shortlisted candidates are completed by the end of April each year. Shortlisted students will have to continue to achieve the 70% minimum for Maths and Science, and a 60% average for all their remaining subjects.
In addition, students must have received an acceptance to an engineering programme at their chosen university. Students receive confirmation that they have been awarded a bursary once their final Matric results are announced.