Old Mutual invites suitably qualified applicants to apply for their Imfundo Trust Scholarship Programme for 2026. The closing date for applications is the 30th September 2025
SCHOLARSHIP OVERVIEW:
South Africa’s socio-economic transformation hinges on access to quality education. In this context, Old Mutual Investment Group’s Imfundo Trust Scholarship Programme stands out as a beacon of hope. The word Imfundo, which means education in isiZulu, reflects the trust’s commitment to empowering academically talented but financially disadvantaged students to realize their dreams.
Since its inception in 2011, the Imfundo Trust has invested millions into building the nation’s future leaders in fields critical to South Africa’s development. This scholarship programme is not just about funding education—it’s about creating a pipeline of skilled professionals who can contribute meaningfully to the economy and society at large.
What Is the Imfundo Trust?
The Imfundo Trust is a scholarship initiative funded by the Old Mutual Investment Group, a leading investment company in Africa. It was established in response to the urgent need for transformation and inclusivity in South Africa’s financial and investment sectors.
The primary goal of the trust is to support Black South African students (including African, Coloured, and Indian candidates) who show academic excellence and leadership potential but lack the financial resources to pursue tertiary education in critical skill areas.
Core Objectives of the Imfundo Trust
- Increase representation of Black professionals in scarce-skill sectors.
- Promote access to tertiary education for historically disadvantaged groups.
- Develop future leaders in investments, accounting, actuarial science, engineering, and technology.
- Ensure employability by supporting qualifications aligned to economic demand.
Fields of Study and Eligibility Requirements
What Courses Are Funded?
The Imfundo Trust Scholarship funds full-time undergraduate degrees at South African public universities. The fields of study funded are carefully selected based on the demand in the job market and include:
- Business and Finance (e.g., BCom Accounting, Financial Sciences, Economics)
- Investment Management
- Actuarial Science
- Mathematics and Statistics
- Computer Science and Information Technology
- Engineering (Civil, Mechanical, Electrical)
- Quantitative Risk Management
These are high-impact fields where skilled professionals are in short supply in the country.
Who Can Apply?
To qualify, applicants must:
- Be a South African citizen by birth.
- Be Black (African, Coloured, Indian as per B-BBEE definitions).
- Be in Grade 12 intending to start university the following year or be currently studying towards an eligible undergraduate degree.
- Demonstrate strong academic performance (usually a minimum of 70% average).
- Show financial need (usually proven through household income thresholds).
- Plan to study at a public South African university.
Benefits of the Imfundo Trust Scholarship
What Does the Scholarship Cover?
The Old Mutual Imfundo Trust Scholarship is comprehensive, covering a wide range of educational needs:
- Tuition fees (full coverage)
- Prescribed textbooks and study materials
- Accommodation costs
- Meal allowances
- Stipends for living expenses
- Mentorship and development support
This full-coverage model ensures students can focus entirely on their academic journey without the burden of financial stress.
Holistic Development Support
What sets the Imfundo Trust apart is its emphasis on mentorship and personal development. Scholars are supported through:
- Career coaching
- Networking opportunities within the Old Mutual ecosystem
- Work readiness training
- Vacation work and internship opportunities
This holistic approach prepares scholars not just for academic success, but for a seamless transition into the professional world.
Application Process and Important Dates
Step-by-Step Application Guide
Here’s how prospective scholars can apply:
- Visit the Official Website
Go to the Old Mutual Education Trust portal or the career page of Old Mutual Investment Group. - Create a Profile
Register and create a user profile on the scholarship application system. - Complete the Online Form
Fill in personal details, academic records, and financial background information. - Upload Required Documents, including:
- Certified copy of ID
- Grade 11 and 12 results or university transcripts
- Proof of household income
- Motivational essay or letter
- Submit Before Deadline
The application window typically opens around May and closes by September annually.
Selection Process
Once applications close, the process includes:
- Shortlisting based on merit and need
- Interviews or assessments (virtual or in-person)
- Final selection and announcement by December
Shortlisted applicants may be invited to Old Mutual assessment centers for interviews and presentations.
Why This Programme Matters for South Africa
The Imfundo Trust represents a long-term investment in South Africa’s socio-economic development. By empowering youth through education, the programme:
- Fosters economic growth
- Reduces inequality
- Enhances workforce diversity
- Builds resilient communities
Education remains the greatest equalizer, and with initiatives like the Imfundo Trust, a more inclusive and empowered South Africa becomes possible.
The Old Mutual Investment Group Imfundo Trust Scholarship is a golden opportunity for students who have the brains but lack the means. If you’re in Grade 12 or an eligible university student studying in a priority field, don’t miss the application window.
APPLICATIONS:
APPLY FOR THE OLD MUTUAL IMFUNDO TRUST SCHOLARSHIP PROGRAMME FOR 2026 HERE
CLOSING DATE: 30 SEPTEMBER 2025
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