FNB funds bursaries for students interested in Commerce and Science qualifications through approved third party administrators.
Following the discovery of gold in Barberton and the Witwatersrand, the bank was registered as the Nationale Bank der Zuid-Afrikaansche Republiek Beperk in Pretoria in 1891 and started financing agricultural development in the former Transvaal. By the end of the Anglo-Boer War in 1902, the bank had changed its name to the National Bank of South Africa Limited.
In the 1920s, the bank merged with the Anglo-Egyptian Bank and the Colonial Bank to form Barclays Bank. Barclays operated for five decades before disinvesting from South Africa in 1986, leading to the creation of First National Bank of Southern Africa Limited. The merger of Anglo-American Corporation and Rand Merchant Bank Holdings in 1998 resulted in FNB becoming a wholly-owned subsidiary of the newly-formed First Rand Limited.
Today, FNB is one of South Africa’s “Big 4” banks and provides retail and corporate banking services in 13 other African countries as well as in India and Guernsey. FNB has a reputation for being an innovative bank both locally and internationally. It was first bank in South Africa to launch a mobile money transfer solution (eWallet) in 2009, and a mobile app in 2011.
FNB Bursary Program Overview
Each of these organisations have different eligibility criteria to qualify for bursary funding.
You can read more about each bursary scheme by clicking on the links below.
- African Scholars Fund
- Rural Education Access Programme
- SAICA Thuthuka Bursary
- South African Actuary Development Programme
- Study Trust
- Tertiary School in Business Administration (TSiBA)
FNB’s bursaries funds studies towards Commerce and Science degrees, mainly at the undergraduate level. There are no work-back conditions for any of their bursaries.
FNB is one of South Africa’s big four banks and officially the oldest bank in the country.