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Cost and Management Accounting students to receive bursaries worth over R1.3 miliion

Cost and Management Accounting students to receive bursaries worth over R1.3 miliion

SEVENTEEN disadvantaged students from the Department of Cost Management & Accounting at the Durban University of Technology (DUT) will receive bursaries worth over R1.3 million to pay for their tuition fees.

This comes after a Good Samaritan, Mr Takalani Nethengwe from the Institute of Business Partnerships (IBP), offered to lend a helping hand to assist students who come from disadvantaged backgrounds.

According to Professor Fulufhelo Netswera, Executive Dean: Faculty of Management Sciences, the total amount to be allocated to the students is R1, 305 754.

Netswera said the bursary fund comes from his high school and boarding school friend, Nethengwe.

He said Nethengwe’s work is to mobilise student funding from the corporate funding.

“Mr Nethengwe operates a company called Institute of Business Partnership whose purpose is supporting children who come from difficult backgrounds. The fund this time around targets students who are in the profession of economics and finance. This is because the funds come from organisations whose operations are in this line of work – financial institutions. Part of the fund that has been awarded comes from Metropolitan Health and Momentum Health,” said Netswera.

He further stated that he has always engaged with Nethengwe and he has helped students in his former university.

Netswera said all that is required are students who come from backgrounds where they cannot fully support themselves and in this case students who are equally not receiving NSFAS bursaries.

“I have requested the Executive Dean of the Faculty of Accounting & Informatics, Prof Oludayo Olugbara to coordinate the selection and award of the students since they emanate from departments in his faculty. The terms and conditions of the grant is that the students should be able to perform well in their studies. The fund is to be utilised to pay their tuition fees to the university,” said Netswera.

He said the bursary will provide relief to the students that are struggling financially, this may improve their grades since the stress associated with the financial burden is now offloaded from their shoulders.

Speaking on behalf of the Faculty of Accounting & Informatics, Prof Olugbara expressed his gratitude to Nethengwe for awarding these bursaries and Prof Netswera for being the facilitator of this great opportunity for students.

He applauded Netswera for providing support to staff and students of the university, irrespective of their faculties.

Olugbara emphasized how this bursary will assist DUT students during this hard time.

Deputy Vice Chancellor: Research Innovation and Engagement, Prof Sibusiso Moyo said the bursary funding will go a long way in assisting students to realise their dreams of completing their qualifications and taking great steps towards self-actualisation.

Moyo said Nethengwe’s generosity and support will contribute significantly towards ensuring that DUT achieves its objectives of providing a distinctive education and thus producing adaptive graduates.

Pictured: Good Samaritan, Mr Takalani Nethengwe from the Institute of Business Partnerships (IBP) who recently awarded a bursary fund worth over R1.3 million to DUT’S Cost & Management Accounting students.

Simangele Zuma

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