Introduction:
The Compensation Fund is proud to announce the launch of its comprehensive Bursary Program for the upcoming 2026 academic year, a significant initiative designed to foster vocational rehabilitation and uplift deserving individuals. This Compensation Fund program is specifically tailored to provide crucial financial support and educational opportunities to a defined group of beneficiaries, ensuring they have the resources needed to pursue higher education and improve their career prospects.
At its core, this bursary is dedicated to individuals who have faced significant life challenges. Primarily, it targets unemployed individuals who have sustained a permanent disability as a direct result of a work-related injury, classified as COID beneficiaries. This critical support aims to empower them to re-enter the workforce through specialized training and education, enabling them to acquire new skills and adapt to new professional paths.
Beyond these direct beneficiaries, the program also extends its reach to family members of these COID beneficiaries, recognizing the collective impact a work-related injury can have on an entire household. Furthermore, in a profound gesture of support, the bursary is also available to family members of employees who tragically lost their lives due to a work-related injury, offering a pathway to a brighter future in the wake of immense loss.
Requirements:
To be considered for this invaluable Compensation Fund opportunity, prospective applicants must meet a key eligibility criterion: they must have already secured acceptance into a recognized educational institution. This includes TVET Colleges (Technical and Vocational Education and Training), CET Colleges (Community Education and Training), or any accredited Higher Education Institution. This Compensation Fund prerequisite ensures that applicants are committed to their educational journey and have successfully navigated the initial steps of academic enrollment.
Applicants are advised to be mindful of the communication timeline: if you do not receive a response from the Compensation Fund within two months of submitting your application, it should be assumed that your application was unfortunately not successful. This policy helps manage expectations and allows applicants to explore other options if necessary.
The Compensation Fund Bursary is designed to be comprehensive, alleviating the financial burden of higher education. The award generously covers tuition fees in full, ensuring that the cost of education is not a barrier to entry. Beyond tuition, it also provides for all required study materials, from textbooks to specialized equipment, ensuring students have the tools they need to succeed. Recognizing the daily expenses associated with student life, the bursary includes a monthly living allowance, offering crucial support for personal needs.
Additionally, it addresses the fundamental requirement of shelter by providing housing assistance, contributing to a stable and conducive learning environment. A remarkable feature of this award is its renewability: it can be renewed annually for the entire duration of the study program, provided two crucial conditions are met. Firstly, sufficient funds must be available within the Compensation Fund’s budget, underscoring the importance of responsible financial planning. Secondly, beneficiaries must consistently maintain good academic performance, demonstrating their commitment to their studies and making the most of this life-changing opportunity.
Application Process:
While cfor this scholarship are accepted throughout the entire 2026 academic year, potential candidates are strongly encouraged to submit their applications as early as possible. To maximize your chances of securing this vital support, it is highly recommended that you submit your completed application by March 31, 2026. Early application allows for timely processing and ensures that your candidacy is considered within the initial rounds of evaluation, potentially leading to a quicker decision and the prompt allocation of resources. This bursary represents more than just financial aid; it is an investment in the future, providing a pathway to education, rehabilitation, and renewed hope for those who have faced adversity.
Applly Here labour.gov.za
