South African Institute of Valuers (SAIV) Bursary 2022
SAIV or South African Institute of Valuers is a society of real estate valuers in the country. Founded way back in 1909, it also happens to be one of the oldest societies in South Africa.
SAIV’s aim is to serve, advance, and protect the valuation industry in the country by bringing together professionals in the field under one roof. It then provides education and mentorship to its members that enhance their knowledge and expertise. This is overall good for the industry.
To benefit the sector, SAIV also offers bursaries to meet the labor demand.
South African Institute of Valuers (SAIV) Bursary Overview
South African Institute of Valuers is offering the SAIV bursary to a certain number of students studying towards a property valuation qualification. Students both at the undergrad and postgrad level can apply for the bursary.
For the academic year 2022 as well, SAIV will select certain students for the bursary. SAIV Bursary 2021 – 2022 is now open for eligible applicants.
The bursary will pay for one academic year initially. Based on the academic performance of the current year, it can be extended for the next year.
Bursary recipients must submit progress reports to the General Manager for evaluation. The funding will largely depend on academic performance, among other factors.
The amount for the bursary also varies. It depends on the needs of a particular student and the quotation received from the tertiary institution. The amount is transferred directly into the institution’s account, which pays for your tuition cost. Students are expected to cover the rest of the expenses like accommodation and travel.
As part of the bursary benefits, students will receive mentorship from experienced valuers. They will learn the ins and outs of property valuation and gain a better understanding of the industry. All of these will help them get employed soon after graduating.
SAIV Bursary Eligibility Criteria
Not everyone can apply for the SAIV bursary. There are specific eligibility criteria laid out by the society that you need to meet. Since SAIV receives a high number of applications, it rejects those that do not fulfill the criteria. So before applying, cross-check the requirements and ensure that you meet them.
The eligibility criteria for SAIV bursary 2022 are:
Must be a South African citizen
Must be studying towards a property valuation qualification that is accredited by the South African Council for the Property Valuers Profession (SACPVP)
Must have successfully completed their first year in 2021 and entering the second year in 2022. The bursary awards students from the second year onwards. So first-year students are ineligible
Must have completed all the valuation-related courses in the first year
Must be studying at a tertiary institution that’s recognized
Must have a student membership with the SA Institute of Valuers (if not, you must sign up for the membership first, which is free for unemployed full-time students)
You must not be receiving benefits from any other bursary, grant, or study allowance
Must be in need of financial assistance
How to Apply?
If you fulfill all of the eligibility criteria, move forward with the application process. It’s simple and quick. But you need to be diligent throughout the process.
Here are the steps involved in applying for the SAIV Bursary:
The first step is to complete the bursary SAIV Bursary Application Form 2022. The form asks certain questions about your personal information, educational history, and employment information (if you’re employed). You also have to provide the amount you need out of the bursary and provide a cost breakdown.
Towards the end of the application, you have to write a brief motivation for the application and why you are the best candidate for the bursary.
The next step is to prepare the documents needed for the application, which are:
Proof of registration at the tertiary institution
Quotation for the enrolled subjects
Academic progress report of 2020
Subjects still outstanding after the year 2021
Valuer registration certificate
The first three must be on the institute letterhead.
You need to send the completed application form and the documents to [email protected].
The last day to apply for the SAIV bursary is 31 October 2021. After internal procedures, SAIV will inform the candidates elected for the bursary by the third Friday or January or 21 January 2021.