The organizations that give financial support to the University’s students continue to contact the students and the Financial Aid Office (FAO) to ensure that all is in order and to take the necessary steps to address the problematic areas. On 7 October 2024, the FAO hosted the Bank SETA, one of the student’s sponsors. Busisiwe Budulwayo, Specialist: Bursaries and Work Integrated Learning at the Bank SETA, said they visited the Institution to conduct a monitoring session with the 33 MUT students receiving Bank SETA bursaries for the 2024 academic year. The Bank SETA supports the Advanced Diploma Accounting; Advanced Diploma Information and Communication Technology; Advanced Diploma Marketing; Advanced Diploma Office Technology and Post-Graduate Diploma Marketing. Budulwayo said the students were “doing well so far and meeting our expectations, and they know that if you fail, then you will not be funded in the next academic year.”
Senior Officer: Bursaries and Scholarships at FAO, Cynthia Nkosi, said the students raised two issues—that they only receive 100% bursary support after they have registered and that they need to buy the books first and furnish the SETA with proof of payment. The SETA responded that its financial year ends in April.
Nkosi also said that because of the support from the SETA, the students can focus on their studies and not worry about how they will finance them. However, they must pass 100% of their modules and achieve an average of 60% in core modules from the previous academic year.
The SETA funds South African citizens between the ages of 18 and 35. To avoid “double dipping,” they should be unemployed and not working and must not have another funder.