Founded in 2001, Capitec Bank is today the second-largest retail bank in South Africa, employing over 13,000 people across its many locations and serving over 10 million clients. The bank, which was founded by Michiel Le Roux, Riaan Stassen, and Jannie Mouton, takes pride in providing minimal fees to its clients, giving them the flexibility to pay for each transaction, and giving them the best interest rate on savings.
The bank does not offer business banking for corporations, partnerships, trusts, or close corporations, although serving both people and businesses. Commercial banking, investments, savings, loans, debit cards, and credit cards are among the goods offered by the bank.
About the Bursary
Bursaries will be awarded for Undergraduate or Honours studies in fields that are critical to the future of banking and financial services
- Actuarial Science
- Computer Science
- Digital Marketing
- Economics
- Finance
- Information Systems
- Information Technology
- Mathematics
- Quantitative Management
- Statistics
Expenses Covered
The following costs will be covered by the bursary: stipends, textbooks, tuition, registration fees, and accommodation.
Bursaries are given out for a year and can be renewed every year depending on sponsor funds, student involvement, and academic achievement. Students will have to work for Capitec for the same amount of time after graduation in order to receive funding. Students will be able to acquire skills that will assist them transfer into the working world.
Within three months following the deadline, shortlisted applicants will be notified. If you have not heard back by now, please consider your application a failure.
Requirements
- You must be a South African citizen
- You must be currently in Matric or have completed Matric
- You must be studying or intend on studying full-time towards a NQF7 (or higher) qualification (Bachelors Degree/ Honours) (the bursary does NOT cover N4/5/6, Higher Certificate, Diploma, Advanced Diploma, Masters or Doctoral students)
- You must be registered to study at a DHET/ CHE registered tertiary Institution (university, college, Private Colleges, etc) (the bursary does NOT cover TVETs, Community Colleges, Graduate/ Business School, or Distance-learning Student ie. UNISA, etc)
- You must achieve a Bachelor’s Pass with a minimum average of 65% in Matric
- You must achieve a a minimum average of 65% for the latest full academic-years (2024 and 2025 so far), if currently studying
- Preference will be given to students on track to finish their qualification in the minimum-time required (not N+1 or higher) and students in line with the sponsor’s transformation/ employment equity objectives and requirements
How to Apply
Submit clear copies of the following supporting documentation along with your online application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document (certified copy)
- Grade 11 final report and Grade 12 latest (Term 2) school report with school stamp, if currently in Matric (certified copy)
- Matric certificate, if completed Matric (certified copy)
- Latest/ June 2025 Official Academic Transcripts, if currently studying (certified copy)
- 2025 official university fee statements
- Lease agreement, if living in off-campus accommodation
- Full Tertiary Academic Records for all years of tertiary study or police affidavit stating why the student was not schooling (certified copy)
- Parents or guardians ID documents/ passport/ death certificate (certified copy)
- Parents or guardians proof of household income (3 months latest payslips if employed/ company registration documents if self Employed/ police affidavits if unemployed/ SASSA documents if receiving a social grant)
- Funding confirmation contracts, letters or offers if receiving NSFAS funding/ police affidavit if never received NSFAS funding
- Funding confirmation contracts, letters or offers if receiving another bursary/ police affidavit if never received funds from another bursary or funding award
Closing date
Applications will close on Wednesday, 30 September 2025
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)