The Musa Capital bursary programme was established as part of the company’s ongoing effort to do “good” for the communities we operate in, simultaneously doing well for our shareholders and expanding our scope of responsible investing. The purpose of the Musa Bursary Programme, which is primarily targeted at the Bakubung community, is to provide scholarship funding to disadvantaged youth seeking to obtain an undergraduate university degree at a South African institution in finance related subjects such as Economics, Law, Accounting or Finance.
The bursary programme is paid annually and is renewed on an annual basis, which is subject to the recipient having achieved a grade point average of 70% or better. As a compliment, Musa Capital affords the bursary recipients an opportunity to gain real-life work experience in an administrative capacity while pursuing their studies by allowing them to take part in the internship programme during school vacations.
Sibongile Magagula was the pioneering Musa Capital bursary beneficiary and enrolled at the University of Johannesburg in 2008. She graduated with a Bachelor of Commerce in Transport economics in 2011 and is currently employed at Imperial Logistics as a Management Trainee.
Sibongile says, “It is really an honour to have been sponsored by Musa capital and I’m very grateful. My relationship with Musa Capital felt like that one of a family, because they did not only care about my studies, but about my overall wellbeing. It was really an exceptional and fun bursary as I was rewarded for outstanding performance and was also given an opportunity to experience the work place while studying. During my recess I worked at Bakubung Tribal Office and also travelled to Zambia @ TransAfrica Ventures.”
“The internship was also a very great experience; I was always given tasks that had a very important purpose and I gained valuable skills that are still applicable in my current occupation. Musa capital Employees were really helpful and they have greatly contributed towards my development.”
Sindile Mbele is a 2nd year Bachelor of Finance student at the University of Johannesburg. She is from the Bakubung community in Rustenburg, joined the Musa bursary programme in 2011 and is due to complete her studies in 2014.
Sindile says, “My relationship with Musa is in two ways: a full bursary sponsorship (tuition fees, books and accommodation) and internship during school holidays (June and December). I joined the Musa family in 2011 and it has been a learning curve thus far, where the theory I’m being taught at varsity becomes practical. I remember my first term, I was very reserved, scared to share ideas or even ask questions; I’m glad I’ve grown and I’m sure it gives them joy to see that their mentorship has grown me. The short periods I spend at Musa teach me so much; data collecting, clerical duties, proofreading documents, researching, financial interpretation and recording, and reconciliation to mention a few. The fact that Musa has given me the opportunity to intern for them has already given me a head start at growing my career much quicker. This company is equipping me for the future, watch this space, SA.”