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South African Institute Of Valuers (SAIV) Bursary 2024

 

South African Institute Of Valuers (SAIV) Bursary 2024


About SAIV

SAIV, also known as the South African Institute of Valuers, is a society of real estate valuers in South Africa. Established in 1909, it ranks among the country's oldest professional societies.

The primary objective of SAIV is to support, advance, and safeguard the valuation industry within the nation by unifying professionals in this field. It achieves this by providing education and mentorship to its members, thereby enhancing their knowledge and expertise, ultimately benefiting the industry.

SAIV also contributes to the sector by awarding bursaries to meet the demand for skilled professionals.

South African Institute Of Valuers (SAIV) Bursary Program

The South African Institute of Valuers extends the SAIV bursary to a select number of students pursuing property valuation qualifications, including undergraduates and postgraduates. Applications for the bursary are currently open for the 2023 academic year.

The initial bursary covers one academic year, with the possibility of extension based on the recipient's academic performance during the current year. To secure continued funding, bursary recipients are required to submit progress reports for evaluation, with funding dependent on academic achievement and other factors.

The bursary amount varies, tailored to each student's specific needs and the tuition cost quoted by their tertiary institution. This amount is directly transferred to the institution's account, covering tuition expenses, while students are responsible for other costs such as accommodation and travel.

As an added benefit, bursary recipients will receive mentorship from experienced valuers, providing valuable insights into property valuation and the industry, which can facilitate post-graduation employment opportunities.

SAIV Bursary Eligibility Criteria

To be eligible for the SAIV bursary, applicants must meet specific criteria as stipulated by the society. Due to the high volume of applications received, SAIV only considers those who fulfill these criteria. Therefore, it's essential to confirm your eligibility before applying.

The eligibility criteria for the SAIV bursary include:

  •  South African citizenship
  •  Enrollment in a property valuation qualification accredited by the South African Council for the Property Valuers Profession (SACPVP)
  •  Completion of the first year in 2023 and entrance into the second year in 2024 (the bursary is awarded from the second year onward)
  •  Successful completion of all valuation-related courses in the first year
  •  Enrollment at a recognized tertiary institution
  •  Student membership with the SA Institute of Valuers (if not already a member, you must sign up; membership is free for unemployed full-time students)
  •  No receipt of benefits from other bursaries, grants, or study allowances
  •  Demonstrated financial need

How to Apply

If you meet all the eligibility criteria, proceed with the application process. The process is straightforward but requires careful attention throughout.

The application for the SAIV Bursary involves the following steps:

1. Complete the SAIV Bursary Application Form for 2024, providing personal information, educational history, employment details (if applicable), and a detailed breakdown of the amount required from the bursary.

2. In the application's concluding section, compose a brief motivational statement explaining why you are the ideal candidate for the bursary.

Required Documents
Prepare the necessary documents for the application, including:

  •  Proof of registration at your tertiary institution
  •  Quotations for the enrolled subjects
  •  Academic progress report for 2022
  •  A list of subjects still outstanding after the year 2023
  •  Valuer registration certificate

Ensure that the first three documents are on the institution's letterhead.

Send the completed application form and documents to gmassist@saiv.org.za, including "SAIV Bursary Application" in the email subject line.

Closing Date
The final date to submit your application for the SAIV bursary is 31 October 2023. Following internal processes, SAIV will notify successful candidates for the bursary by the third Friday of January or by 21 January 2024.

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