Accenture Scholarship Programme For 2020

Are you a top student looking for a bursary for 2020? Read more about our scholarship opportunities and apply by 15 August 2019

Applications for Accenture’s 2020 Scholarships are now open!

The closing date is 15 August 2019, so act quickly.

Accenture, through its independent Education Trust, helps economically disadvantaged students with strong academic backgrounds to further their studies at tertiary institutions in South Africa.

If you are you a high achiever in your second, third, fourth or Honours year of study, we want to hear from you.

Successful candidates will receive a full scholarship. The bursary programme covers the following expenses: registration fees, tuition fees, examination fees, meals, residence, book allowance for prescribed books and a laptop. In addition, the scholarship is backed up by ongoing mentorship.

Applications will be considered from students who wish to major in one of the following disciplines at one of the universities listed below.


Degree courses

  • BSc in Computer Science
  • BCom or BSc in Informatics or Information Systems
  • BCom or BSc (Eng) in Information Technology + BIT
  • BEng or BSc (Eng) in Computer
  • BEng or BSc (Eng) in Electrical (Light Current)
  • BEng or BSc (Eng) in Electronic
  • BEng or BSc (Eng) in Information
  • BEng or BSc (Eng) in Industrial


  • University of Cape Town
  • University of Johannesburg
  • University of Pretoria
  • Rhodes University
  • University of the Western Cape
  • University of the Witwatersrand

How to Apply

If you meet the above requirements and would like to apply for a scholarship, please print and complete the application form (click here to download application form).

Closing Date: 15 August 2019.


Let us help you save on expenses for education, school fees, higher education …



Risks of not having an updated Final Will and Testament?

According to our fiduciary partner the following 10 points are important to consider when drafting a last will and testament:

  1. Only an original and signed will is valid.
  2. Your appointment of a family member or friend as an executor may be declined by the High Court, thus the co-appointment of an approved, professional is paramount.
  3. Your will only deals with life cover that pays into your estate, thus your Will and life cover beneficiary nominations must complement each other.
  4. If you do not create a testamentary trust for the receipt of your minor children’s inheritances, their money will go to the Government Guardian’s fund. An existing (Inter Vivo’s) trust can be nominated, but this structure should already be managed in strict compliance with the Trust Property Control Act.
  5. Guardian nominations are only applicable when there is no surviving biological or legally appointed parent.
  6. Guardian nominations are only a wish, these nominations should be aware of and happy to accept such an appointment.
  7. No-one can inherit until all debts, fees, taxes and marital contract claims are settled, regardless of what your will says (even if you have no will).
  8. You can use your will to document your last wishes, but these are only wishes and not always enforceable.
  9. If you state that you wish to be an organ donor in your will, then you must still register with the Organ Donor Foundation for this wish to be given effect.
  10. You cannot cater for every single eventuality, so it is usually better to keep your will simple and straightforward, revising and amending as your circumstances change.

We will gladly review your current Will Document to see if your wishes can in fact​ ​be acted upon or draw up new ones.

Contact us for a free Will and Testament appointment at work or home.

​​No charges to store or amend your Will! Taylor Made with cutting edge technology.

Save on : Executors Fees, Testamentary Trust Fees, Conveyance Attorney Fees and Non-Estate Asset Fees.

Why draw up a new Will and have it safely stored?

The cases are limitless, but lets look at a few scenarios.

You are looking to get married or divorced/seperation but your Will is still the same while you life wishess have changed. Having a Will and Testament on your PC or in your Drawer can result in easy disapearance when the court require the original.

You get children or your parents, sublings died while they are still on your Will.

Your assets or financials changed or you started a new business.

These are all triggers to get a new Will and Testament or at least update it.

Banks may charge a fee for safe storage, we don’t!

The shareholder-, buy and sell agreement and MOI in your business

The shareholder-, buy and sell agreement and MOI in your business should cover all the taxation aspects of Income Tax, Capital Gains Tax, Donations Tax and Estate Duty, upon the departure any one or more owner[s] / shareholder[s].

It is imperitive that the buy and sell agreement is structured and aligned with the Shareholders Agreement and the Memorandum Of Incorporation of the company, in order provide the most tax efficient solution possible.

A correctly structured buy and sell agreement will ensure that Income Tax, Estate Duty, Capital Gains Tax and Donations Tax implications are either:

  • Avoided entirely
  • Reduced to manageable and acceptable levels
  • Funded through tax efficient structures and mechanisms.

From an income tax perspective you need to consider Section 11(w) and all its implications. Although there are choices and decisions that can be made here, in very simple layman’s terms, if the premiums were deducted for income tax purposes by the company, then the proceeds of any life insurance policies paid to the company, will be taxable.

For the most part, Estate Duty is not a concern if life insurance is used to pay for the share transfer between owners / shareholders, assuming that the departing owner / shareholder is a natural person. There is an unusual anomaly to this, insofar as a company, which is a shareholder, is defined as a person by the Interpretation Act, Act No 33 of 1957 and so it is possible to maintain Estate Duty free payments to shareholder companies. Trusts on the hand do not enjoy the same exemption. There are nevertheless corporate structuring techniques available with a combination of trusts and companies, whereby Estate Duty benefits could still be obtained.

At any stage that the payment for the owner’s interest or shareholding exceeds the base cost of the interest / shares, there will be a capital gain and capital gains tax will ensue. Similarly, there could be a capital loss, which will not be deductible for tax purposes. It is vitally important that an acceptable valuation method is adopted and adopted in all relevant agreements and the MOI of the company, to avoid excessive CGT [capital gains tax] being raised by SARS.

Donations tax could arise if the payment for the ownership interest / shareholding is substantially less than a fair market value thereof. This is also why one needs to define the share valuation method in an acceptable manner and structure to SARS. If insufficient consideration is given to this aspect, you could find yourself in the unenviable position of incurring both Donations and Capital Gains Tax upon the transfer of ownership.

Tax Consequences of Pension/Provident fund withdrawals at resignation

Tax Consequences of Pension/Provident fund withdrawals at resignation

Most of us will experience the process of resigning from an employer at some stage of our lives and, if you are lucky enough to receive a pension, you will be left with an important choice to make at that point.

I would like to share, in simple terms, the different tax implications when someone opts to take a 100% cash withdrawal at the point of resignation (before retirement age) or transfer their Pension fund to an approved Preservation Fund.

To understand the tax implication, there are three important aspects we need to understand:

The difference between Pre-Retirement and Retirement

  • Retirement, in normal circumstances, is allowed at the age of 55 or older
  • Pre-retirement, in normal circumstances, is before the age of 55

The difference between how Lump Sum or Pension Benefits will be taxed pre-retirement (Withdrawal Benefits Table)
and at retirement (Retirement Benefits Table), please see below:

Taxable Lump Sum Rate of Tax
0 – R25 000 0% of taxable income
R25 001 – R660 000 18% of taxable income above R25 000
R660 001 – R990 000 R114 300 + 27% of taxable income above R660 000
R990 001 and above R203 400 + 36% of taxable income above R990 000
Taxable Lump Sum Rate of Tax
0 – R500 000 0% of taxable income
R500 001 – R700 000 18% of taxable income above R500 000
R700 001 – R1 050 000 R36 000 + 27% of taxable income above R700 000
R1 050 001 and above R130 500+ 36% of taxable income above R1050 000

By simply looking at these tables, you will already have noticed the difference between the portions taxed at 0%:

R0 – R25 000 – Withdrawal Benefits Table

R0 – R500 000 – Retirement Benefits Table

The options available at resignation to the Taxpayer:

  1. Receive a cash lump sum
  2. Transfer the pension benefit to an approved Preservation fund (Pension Preservation of Provident Preservation) or Retirement annuity.
  3. Choose a combination of the two options (Excl. GEPF)