Old Mutual Investment Group (OMIG) Imfundo Trust

About the Imfundo Trust

The Old Mutual Investment Group (OMIG) Imfundo Trust is an education fund started in 2011. The word imfundo means education in the Nguni languages. Old Mutual Investment Group, the asset management arm of the wider Old Mutual financial services group, set up the trust to open doors for talented young South Africans who want careers in the investment industry.

The scholarship targets Black students, with a particular focus on young women. It supports study at selected South African universities. In addition, the trust gives preference to applicants who come from rural areas and townships. Because many such learners lack funds for university, the scholarship can change the course of a family's future.

Who StudyTrust is and what the scholarship covers

StudyTrust is an education non-profit that manages the application process for OMIG. Applicants use StudyTrust's online platform, and the trust reviews each file before an interview stage. The Board of Trustees then makes the awards. The trust may reduce the scholarship amount if a student receives other financial help, so you should declare all other funding.

The most recent call targeted the 2027 academic year, and it focused on students in their first or second year. The funded fields were business, commerce, finance and management sciences, computer science and related fields, data science, and engineering. Climate studies was also funded, but at postgraduate level. Fields can change from year to year, so check the current call.

What to know before applying

The academic bar is high. School leavers need a Grade 12 mid-year average of at least 70%. They also need 70% for mathematics and 70% for English First Additional Language, or 60% if English is their home language. Students already at university need an average of 65% or more in their latest results. The scholarship is open to South African citizens only. The application window ran from 1 June to 30 September. Applicants had to complete their forms on StudyTrust's platform before the closing date. Late forms do not get a second chance, so start in June. Gather your ID, your school or university results and your motivation early. As a result, you will avoid last-minute stress.

The published information does not describe a work-back obligation, and the exact value of the award is not confirmed. Therefore, ask StudyTrust what the scholarship pays for and whether any conditions follow graduation. Interviews are part of the process, so prepare to explain why you want a career in investments and finance. Always apply through the official StudyTrust page, and never pay a fee to anyone who offers help with your application.