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Around 220,000 matriculants are due to enter higher education next year; however for many the study fees are simply unaffordable. Understanding that access to higher education is central to the development of our economy and country, Novus Holdings believes that the private sector has the responsibility to support our education-hungry student communities.

The Group’s Paarl Media Bursary Fund Trust annually provides promising school-leavers who require financial support an opportunity to study in the field of their choice. This year the Trust committed to an investment of over R2 million which sees six bursaries being awarded to new recipients starting their studies in the 2017 academic year, and financial support for 31 existing bursary holders for their studies next year upon the successful completion of their 2016 curriculum.

“We would like to congratulate the new bursary recipients and wish all bursary holders the best with their studies in 2017. We trust that as committed learners, they will embrace the responsibilities and opportunities that come with higher education, said Nico Grobbelaar, Executive Head of Human Resources at Novus Holdings.

He adds; “With the Trust, we aim to assist in the drive for quality education and skills development that will empower the future leaders of our country.”

In total, this year the Trust received 27 applications. Applicants are required to meet the basic conditions in order to qualify; these include an interest in studying or enrolment at University of Stellenbosch (US), University of Western Cape (UWC), Elsenburg Agricultural College and the Cape Peninsula University of Technology (CPUT), be financially disadvantaged with leadership attributes and community involvement, and hold a commendable academic school record.

To help improve the quality of education in schools across the country, the Trust introduced a category in 2015 for applicants interested in becoming teachers. Three of the six new bursary recipients will be pursuing degrees in education next year.

The Paarl Media Bursary Fund Trust was established by the Retief family in 2008 and has awarded 95 bursaries to date. Bursaries are paid from investment returns with independent trustees solely involved in the decision making process. Novus Holdings further supports the Trust with providing resources to facilitate and manage the administration and processing of the bursaries each year.