B-Tech students awarded R3-million in bursaries!
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B-Tech students awarded R3-million in bursaries!

Cost and Management Accounting, Internal Audit, and Financial Information Systems b-Tech students with the Funders and VUT delegation

Puleng Maphisa

Mosebo Networks has raised funds to provide 43 Vaal University of Technology (VUT) B-Tech students in the Accountancy Department with bursaries to the value of R3-million. All 43 students are recipients of the Tswelopele Bursary Fund were selected based on academic merit, financial need and equity considerations.

The bursary grant was made possible after one of the biggest bursary-funding SETAs, the Finance and Accountancy Service Sector Education and Training Authority (FASSET) signed a Memorandum of Agreement with Mosebo Networks in April 2019. The Tswelopele Bursary Scheme is structured in such a way that it not only offers comprehensive bursary that covers most of the student expenses but also provides the much-needed academic support programme to boost the learning experiences of the students as well as a device.

From the total funds awarded to Mosebo Networks, an amount of R3 172 486 was allocated mainly to VUT BTech students in the fields of Cost and Management Accounting, Internal Audit, and Financial Information Systems. Amongst the 43 students, all of whom were financially and academically deserving, one student is pursuing their master’s studies.

The full bursaries cover tuition fees, accommodation, book allowances, meal allowances, and travel allowances. The academic support component of is made up of selected soft skills, mentoring, extra-classes and exam preparation sessions. The academic support programmes are in full swing having commenced in August 2019 with extra classes and two full weekends in September for soft skills. A ceremony was held on the 20th of September 2019 to issue devices in the form of HP laptops, laptop bags and software programs for installation on the laptops. In attendance at the ceremony was Moshe Mokgalane (MosNet Programmes Manager) and from the VUT side

Depending on the funding availability it is hoped that the bursary will be stretched to cater for the Advanced Diploma students in the 2020 academic year. As a matter of national policy from next year the Advanced Diploma curriculum is replacing the Btech qualification across the university of technology institutions. For this financial year alone, Mosebo Networks in conjunction with FASSET, provides funding to a total of 121 students across TUT, NMU, UJ, UP and NWU.

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