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Tuesday, 11 May 2021

FASSET awards CPUT R22m in bursaries

FUNDING: Lecturer in the Graduate Centre for Management, Judith Smith, says the Faculty of Business and Management Sciences was recently awarded over R22-million by the Finance and Accounting Services Sector Education and Training Authority in study bursaries. FUNDING: Lecturer in the Graduate Centre for Management, Judith Smith, says the Faculty of Business and Management Sciences was recently awarded over R22-million by the Finance and Accounting Services Sector Education and Training Authority in study bursaries.

The Faculty of Business and Management Sciences was recently awarded over R22-million by the Finance and Accounting Services Sector Education and Training Authority (FASSET) to provide financial support to needy students.

The R16 800 000 Academic Support Grant will cater for 300 students who are currently registered a cost of R56 000.00 per student, while the R6 030 000 FASSET Bursary Scheme will support 67 students at R90 000 per student.

For years, the Faculty has been awarded grants to provide the institution with opportunities to implement interventions to improve marks and throughput rates of enrolled students. The

interventions provided much needed support which greatly improved throughput rates within the Accounting disciplines.

The value added through FASSET’s grants was shared during a recent Faculty Board meeting and the success of the implemented interventions was applauded. “As a Faculty, this is one of our key performance areas as we strive to be student-centred and assist our students financially through writing proposals for such awards,” said Prof Paul Green, Dean:

Faculty of Business and Management Sciences.

Judith Smith, a Lecturer in the Graduate Centre for Management, said successful students would have their tuition fees paid as well as their stationery, textbooks and other learning devices. “Peer tutors and academic lecturers will work together identifying at risk subjects and supporting those students who most require the support,” added Smith.

She said the Centre would advertise the call for submissions through the university’s channels and social media platforms. “The students would be required to complete an application form together with the supporting documents and submit it to the identified administrators,” she added.

Thereafter a learner agreement would be signed by the successful student and CPUT.

To qualify for a bursary, a student should be registered for the 2021 academic year; either be a Black South African or Coloured South Africans from the Northern Cape and Western Cape only; and/or a disabled student. Most importantly, the beneficiary’s combined annual household income should not exceed R600 000.

Every year the Faculty would submit a proposal with an accompanying budget to FASSET and then get awarded the grants according to both the availability of funds and the Faculty’s experience in managing the grants over the years.

Written by Kwanele Butana

Email: butanak@cput.ac.za