Keyword Analysis & Research: bursary

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What you should know about bursaries?

According to Wikipedia, a bursary is a monetary award made by an institution to individuals or groups of people who cannot afford to pay full fees. In return for the bursary the individual is usually obligated to be employed at the institution for the duration as the bursary.

What are scholarships, grants and bursaries?

Scholarships, grants and bursaries are types of financial assistance that you don’t have to pay back. Scholarships are typically based on merit, while grants and bursaries usually take financial need into consideration as well.

Are bursaries taxable in South Africa?

Open bursaries are not taxable and provide a positive way for companies to make a difference to the South African skills shortage by providing the means for individuals who are not currently employed to gain qualifications and skills.Closed bursaries, granted to individuals who are employees, or a relative of an employee, can be tax free,partially-taxed, or fully-taxed depending on the bursary amount and the employee's annual remuneration amount.

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