Ricochet News

Absa scholarship funding for WSU

JUNE 15, 2017
Absa scholarship funding for WSU

Walter Sisulu University will be receiving a scholarship fund from Absa bank in aid of academically qualifying and previously disadvantaged students.

The event will take place on Wednesday 14 June 2017 at the Health Resource Centre in East London, 12h00. WSU is proud to announce its standing collaboration with the bank from 2016, where Absa awarded 35 scholarship beneficiaries, giving them an opportunity to study various disciplines, ranging from Humanities, Economics, Commerce, Engineering and Technology.

"South Africa is still struggling to fund needy students, particularly those that fall in the "missing-middle" category. These are students who fall outside the NSFAS qualifying criteria but are still too poor to afford higher education. 

The financial support from Absa comes at a much needed time where we are struggling to assist this cohort of students", said Rob Midgley, the Vice-Chancellor and Principal for WSU.

The Absa scholarship includes tuition, residences, meals and books.

"A visible difference in the lives of thousands of young Africans is being felt through the Absa CEO Scholarship Fund. Our organization is unlocking education aspirations and helping Africa to realize it's potential to contribute to long term economic growth.

"This investment in people sits close to our hearts and is an expression of our Shared Growth ambition, which has been made possible by the hard work, dedication and commitment of the bank’s employees, “ says Simphiwe Funani, Head of Absa Business Banking in the Eastern Cape

Absa management will have an opportunity to meet and greet the beneficiaries of their scholarship at the official handing over.

“Absa is proud to be partnering with Walter Sisulu University. Working hand in hand will make it possible for young people to fulfil their academic potential, thus enabling them to give back meaningfully to society once they graduate. The occasion is apt as we celebrate Youth Month in our country,” concludes Funani.

Image: WSU Professor Rob Midgley receiving a cheque from Simpiwe Funani of Absa.