Investec offers full-cost bursaries and mentorship for students pursuing studies in maths, science, engineering, and commerce.
The group is dual-listed on the Johannesburg and London stock exchanges. In London, Investec is ranked among the 250 largest companies listed on the LSE with a current market capitalisation of £4.3 billion. Investec employs approximately 9,000 people across its businesses.
Investec, which is a blend of the words “investment” and “technology”, had humble beginnings as a small leasing and financing operation founded by Ian Kantor, Errol Grolman, and Larry Nestadt in 1974. As the company grew, it became necessary for the founders to purchase a banking licence, which they did in 1980 from Cape Trustees & Executors. Subsequent to a merger with Metboard, Investec was listed on the JSE in 1986.
Following a major restructure in 1988 that saw control of the company being handed over to management and staff, Investec embarked on a number of acquisitions in South Africa and abroad; thereby expanding its global presence. By the early-2000’s, Investec had operations in Hong Kong, Australia, the US, Israel, Botswana and Namibia. The bank’s listing in the London Stock Exchange in July 2002 represented a major milestone. In 2003, Investec concluded a deal that saw BEE partners acquiring a 25.1% stake in the bank. The company currently holds a Level 2 BEE status.
The zebra brand icon and the use of the black-and-white stripe motif is synonymous with Investec and can be seen at the various sports events that the company sponsors. It was first used in a 2003 advertising campaign by the UK division and has since been used globally to represent the distinctiveness of Investec as well as the bank’s South African roots.
Investec Bursary Program Overview
The bursary is open to South African citizens who intend to study or are registered at a reputable South African university. In order to be eligible, applicants must have achieved a score of 70% in English and Mathematics (not Maths Literacy), and 60% in all other subjects.
The bursary programme fully covers study-related expenses for each academic year of study, including textbooks, accommodation, and a return flight if the student is not studying in their hometown. In addition to financial assistance, bursary recipients will be partnered with a mentor throughout the duration of their studies to help them navigate the challenges and demands associated with tertiary study.
Once the student has successfully completed their qualification, there is no pay-back or work-back for the bursary, and employment at the company is not guaranteed. However, if Investec has suitable job openings, the graduates from the programme will get first preference.
Maths and science education is at the heart of Investec’s CSI initiatives and the qualifications that are covered by the bursary programme mirror this focus. Students who intend to study towards degrees in Science and Mathematics; Computer Science; Information Technology; Informatics; and Engineering are encouraged to apply for the bursary programme.
The bursary is also open to students pursuing studies in Commerce, namely Economics; Business Economics; Accounting; Investments; Finance; and a Commercial LLB.
The application period typically opens in May and closes at the end of September every year. Students whose application has been successful are notified by the end of December.
Application for the programme is a two-step process. First, an online application form must be completed on Investec’s website or downloaded and sent via email or post. Following the receipt of the applications, Investec’s team narrows down the applications to a shortlist of between 50 – 55 candidates, who will be invited to Investec’s Johannesburg head office to participate in a 3-day bursary selection process, from which 30 – 35 final bursary recipients are chosen. The number of bursaries awarded varies and is based on factors such as budget availability and the calibre of students that apply for the programme.
Given the large number of applications received and the rigorous selection process, it is advisable for applicants to take care that the application form is completed in full. It is equally important to ensure that all supporting documents are certified and submitted with the application form.