The Foundation will donate funds annually to be awarded as bursaries to students who are top achievers studying towards BCom degrees and are in financial need. The bursaries cover the full costs of tuition, books, university residence costs, all residence meals, and a monthly stipend. It will vary per student depending on their estimated full cost of attendance for their specific programme and residence room type.

The bursary is awarded to new first-year students, and each year the Foundation will consider the progress made by the bursary recipients and decides whether to approve its continuation. The number of bursaries awarded will be divided and awarded to at least 50% previously disadvantaged students, and a gender mix is preferred. The 2012 recipients, pictured with Mr Bothongo and Ms Melodie Wheeler are, from left to right:

1) Itumeleng Ramotshela

2) Ilse-linnet du Plessis

3) Melodie Wheeler (UP Client Service Centre)

4) Annitjie Phalandwa

5) Annika Lange

6) Mr Keith Bothongo

7) Louisa Montwedi

8) Kamegelo Legane

Read more about Mr Bothongo on: http://www.auctionexchange.co.za/index.php/about-us2/the-bothongo-group