Cyril Ramaphosa Bursary 2024 (CRET) | Requirements & Guide

The Cyril Ramaphosa Bursary 2023 is indeed one of the best ways to acquire the much-needed funds to support your educational expenses. I have personally benefited from one of their bursaries recently and let me tell you that the experience was so pleasant that I would recommend you all apply for your respective bursaries. Frankly speaking, you must not miss out on this chance.

This bursary is hands down the most convenient way to get access to much-needed funds for your educational expenses if you come from an underprivileged background. You no longer have to drop out just because you can not afford to pay your tuition fees or afford study materials. Simply apply for the CRET bursary and get all the funds you need. For further details, I suggest you read out the following complete article.

About Cyril Ramaphosa Education Trust

In 2004, Cyril Ramaphosa, the founder of Shanduka Group, laid the foundation of the Cyril Ramaphosa Education Trust. It was initially known as the Shanduka Foundation. It is one of the best public benefit organizations that strive to provide easy access to funds to underprivileged members of society. The name of this foundation was changed to Cyril Ramphosa in the name of its founder.

Since the beginning, the members of the trust have collaborated with various programs such as the Thari program, and many other foundations to spread the word and work towards the betterment of society.

One thing led to another and the Cyril Ramaphosa Education Trust (CRET) came into being. The main purpose of this trust was to fight undereducation in South Africa. And they have worked hard to achieve their objectives. This trust offers various bursaries to qualifying students who can not afford to pay for their studies.

Now, you must be wondering how CRET finds the right person to invest in. So, the answer is quite simple, they look for toppers in various programs who can not afford to pay for their studies and are on the verge of dropping out. Once such individuals are spotted, CRET provides enough resources to keep them going.

These resources do not only come in the form of financial support. In fact, they provide them with ideal nurturing conditions so that they can keep their full undivided attention to their studies. These resources include proper mentorship, adequate psychological connections, as well as social connections.

In addition to that, you will also be provided various training courses and made part of a plethora of activities that instill valuable qualities in your personality. So, I hope you are understanding how CRET completely transforms your life by a hundred and eighty degrees.

Cyril Ramaphosa Education Trust Bursaries

CRET provides a handful of bursaries to support students from various fields of study. As I mentioned above, these bursaries are designed to ease the hardships and sufferings of underprivileged South African students so that they can complete their education and give back to society. This trust is known to smartly invest in the top minds of South Africa who have gone on to serve the country in the best way possible.

These bursaries have played a vital role in uplifting the entire nation. However, these bursaries have a few restrictions that must be fulfilled. So, let’s talk about that. First, you must know that these bursaries only support educational programs for a maximum of five years.

It means that if your program comprises more than five years of academia, then you would have to pay for the years exceeding five years out of your own pocket. Apart from that, the institute that you study from should be accredited by a relevant Higher Educational authority.

What Expenses Do The CRET Bursaries Cover?

The CRET bursaries cover all your basic educational expenses amongst a few other things. For instance, they fund your tuition fees, study supplies, books, accommodation expenses, convenience, and meals. Furthermore, you may also receive a monthly stipend to cover all other living expenses you may have.

Is The Bursary Amount Fixed For Every Recipient?

No, the bursary amount differs greatly from recipient to recipient. It means that they will only provide you with funds according to your needs. They will judge your living conditions and your basic educational expenses and accommodate you as per their own findings.

Furthermore, these bursaries are renewed every year. It means that the amount of funds you receive may vary from year to year. Some of the few things that determine the amounts of funds you receive include your grades, communication policies, commitment to the program, and your financial conditions.

If they review your financial condition to be improved and deem you fit to support your educational expenses, you will immediately stop receiving funds. They will cancel your bursary and from that moment onwards you will be on your own to pay for all your educational expenses.

However, they will still not ask you to pay back the money you received from the CRET bursaries previously. So, that really is a plus point for all students of South Africa. You no longer have to beg various banks to provide you with student loans which you would have to pay back in time with interest.

What Happens At The End Of Your Academic Qualification

Let’s suppose you have completed your educational qualification for which you had been receiving the CRET bursary, what now? Would you be obligated to work for the Cyril Ramaphosa Foundation? Would they even provide you any kind of employment support?

So, let’s tick off these questions with concise answers. The answer to question number one is no, you would not be obligated to work for the foundation or the trust in any sort of way. You would be free to work for yourself, for any company, and for any position suitable for your educational background.

You will not be entitled to pay any sums or do any sort of compensation work for the Cyril Ramaphosa Education Trust. You will be a free man without any obligations holding you back.

Secondly, the Cyril Ramaphosa Education Trust nor the foundation is liable to provide you with any kind of employment opportunity. Although it is true that they might end up offering you a position at the foundation depending upon your genius for the role or the availability of the vacancy, they are not obligated to do so.

It means that once you complete your studies, you will have to look out for a suitable job for yourself on your own unless you are lucky enough to retrieve a role at the foundation itself.

Bursary Requirements And Eligibility

Like any other bursary, the CRET bursaries also have very strict eligibility criteria and requirements. For starters, you must be unemployed and a full-time student at a recognized educational institute in South Africa. Your age must be between sixteen to thirty years old. You must be a South African resident with a valid ID number.

Apart from that, you must be a bright student with a glowing academic record. Besides, you must have many other skills including excellent communication, analytical skills, and empathetic behavior towards others.

FAQs

Final Thoughts

So, this was all from my side. I hope you all enjoyed reading through this article. I tried my best to provide you with all the information that you should have known about the Cyril Ramaphosa bursaries.

Now, it is up to you to decide whether you want to benefit from these insanely beneficial bursaries or not. If you ask me, you should definitely get your hands on one of these bursaries if you are eligible for any one of them. It is at least better than those expensive student loans from the banks.

In any case, let me sum up this entire discussion by pointing out the main features of these bursaries. So, firstly, these bursaries do not obligate you in any way. You won’t have to pay back the amount even if you become ineligible for the funds halfway through your qualification, nor do they ask you to work for them when you are fully qualified. By the end of it, you will be a free man ready to take over the world!