Bursaries Guide
Old Mutual Education Trust (OMET)
We would like to introduce you to the Old Mutual Education Trust (OMET). The Trust provides scholarships for tertiary studies and was founded by Old Mutual as part of a Black Economic Empowerment (BEE) transaction announced in April 2005. The application process opens in June each year, and this year there will be an online application process. It is only open to Grade 12s who perform well, and whose family members is a member of one of the unions listed below. Please note that they receive thousands of applications and can only award 60 new bursaries a year. But we want to foster the link with the schools we invest in.
Detail on the process – which only open in June – can be found on their website https://www.oldmutual.co.za/careers-centre/learners-and-school-leavers/om-education-trustThe Trust provides scholarships for higher education to members and staff of the participating trade unions, and their dependants. The participating unions are:
- DENOSA (Democratic Nursing Organisation of South Africa)
- NATU (National Teachers' Union)
- NEHAWU (National Education Health and Allied Workers' Union)
- NUM (National Union of Mine Workers)
- PEU (Professional Educators' Union)
- POPCRU (Police and Prisons' Civil Rights Union)
- SACCAWU (South African Commercial, Catering and Allied Workers' Union)
- SACWU (South African Chemical Workers' Union)
- SADTU (South African Democratic Teachers' Union)
- SASBO (The Finance Union)
Who may apply?
You may apply only if you are:- A member or staff member of one of the participating Trade Unions.
- A child of a member or staff member, and are under the age of 25.
- A grandchild or other child blood relation of the member or staff member, and are under the age of 25, and are solely financially dependent on the member.
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Course Fee Structure
Registration- Registration is valid for 12 months
- Registration amount of R 2 100.00 is offset against the Cluster's Total Due Amount
- Cluster's Total is calculated on your selected Modules for that Semester
| Description | Amount |
|---|---|
| Application Fees | R 290.00 |
| Registration Fees | R 2 100.00 |
| Modules of 5 Credits | R 1 480.00 |
| Modules of 10 Credits | R 2 960.00 |
| Example Cluster 1 Total (Consisting of 7 Modules) | R 17 760.00 |
| Example Cluster 1 Total - Less (Registration Fee - R 2 100.00) | R 15 660.00 |
| Monthly installments (5 months) | R 3 132.00 |
Note that due to the Augmented Course offer and Module choices per Student we can only give you an overview Click Here to Contact Us to Estimate your Cost as per your required Application.
Applicants are required to pay an Application Fee of R 290
| Banking Details | |
| Account Name | 2 Oceans Graduate Institute NPC |
| Bank | ABSA |
| Account Type | Cheque Account |
| Branch Code | 632005 |
| Account Number | 4090279744 |