2017 HCI Foundation Bursaries

A bursary programme offering financial assistance to South Africans, refugees, and asylum-seekers pursuing undergraduate studies in any discipline.

Hosken Consolidated Investments Limited (HCI) is a JSE-listed investment holding company founded in 1973. The company’s main shareholder is the South African Clothing and Textile Workers Union (SACTWU) with 33% of the issued shares in 2016. HCI has a diversified portfolio of investments in business segments such as hospitality and leisure, gaming, media and broadcasting, transport, energy, property and industrial goods.

HCI’s business interests in the hotel and gaming industry include a 47.6% shareholding in Tsogo Sun, an international hotel group comprising 93 hotels, and 14 entertainment and event centres. HCI also has majority shareholdings in the VGroup, a supplier of slot machines and gaming machines, and Galaxy Bingo, a bingo centre operator. In addition, HCI is involved in a number property developments and the company’s current portfolio includes The Point in Cape Town, and Gallagher Estate in Johannesburg.

In the media industry, HCI holds a 67.7% share in eMedia Holdings, a television and content producer owning the eTV and eNCA channels and Open View HD digital satellite television. In transportation, HCI has 100% ownership of Golden Arrow Bus Service, which operates 1,073 buses in the Cape Town metropolitan area. HCI’s industrial and mining interests include three coal mines, and a 20% shareholding in Impact, an offshore oil and gas exploration company.

HCI Foundation Bursary Program Overview

The HCI Foundation is an independent trust from which the HCI Group’s corporate social responsibility initiatives are funded. Investment in education for communities and employees, or their dependents, comprises a large portion of the foundation’s work. The bursary programme was established to provide financial assistance to needy students who show academic potential. A unique element of this bursary programme is that it is open to refugees and asylum seekers in addition in addition to South African citizens.

Students registering for their first year of undergraduate studies may apply for the bursary, provided that they have maintained a 55% average in their Matric results (excluding Life Orientation). The bursary programme only covers postgraduate studies for students who have been previous recipients of the bursary throughout their undergraduate qualification. The bursary programme also welcomes students who already have a NSFAS loan or other partial bursary; however this application will not be accepted if the existing loan is deemed to sufficiently cover the student’s fees.

Applications will be considered from students who come from households that have earnings of R25,000 or less per month. The bursary programme also has a broad age range, accepting applications from students up to the age of 35.

Bursary Benefits

HCI offers financial assistance to cover up to 75% of tuition fees limited to a maximum amount of R28,000 for each year of study. The bursary does not cover costs for textbooks, accommodation or any other stipends.

While students will not be expected to pay or work back the bursary amount upon qualification, HCI expects that bursary recipients will become involved in community projects or take on volunteer work and report back to the company on what they have done following the completion of their studies.

Qualifications Covered

HCI offers one of the broadest bursary programmes, accepting applications from students pursuing any qualification, provided that the student is registered on a full-time basis.

Students may also be enrolled at any public university or university of technology in South Africa; however applications for study at FET, private colleges, and distance learning institutions such as UNISA will not be accepted. Another exception is that applicants from the University of Mpumalanga will not be accepted.

Application Process

The HCI Foundation receives approximately 8,000 applications for their programme, and only around 1,000 bursaries are awarded each year. Applications are open for a period of two months every year, from 1 August to 30 September.

Interested students can apply for the bursary on the company’s website. Students who are applying for the first time have to register on the HCI Foundation platform; whereas returning students can log in with their existing username and password. An online application form must be completed, providing the student’s personal details, as well as those of their parents or guardian. Following the submission of the form, supporting documents must be scanned and uploaded into the system or posted to HCI. Candidates are required to provide certified copies of their preliminary Matric results and documents that clearly indicate their parents’ or guardians’ financial position such as a payslip or proof of grants received. For applicants whose parents are unemployed, an affidavit needs to be provided.

Applicants who meet the eligibility criteria will be notified by email and invited for a telephonic interview. The final decision will be communicated to recipients by the beginning of March, and their university will be informed. Payment will be made directly to the university’s account by June.

HCI generated R15 billion in revenue during the 2015/2016 financial year.

hotel lobby

2017
Application Due Date
30 September 2017

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