The FirstRand Empowerment Foundation (FREF), established in 2005 as part of FirstRand Limited’s broad-based black economic empowerment (B-BBEE) initiative, is committed to reducing poverty and inequality by supporting public benefit activities aligned with B-BBEE principles. The foundation envisions a South Africa where all citizens have equitable access to economic opportunities, fostering inclusive growth. By focusing on empowering communities to actively participate in the national economy, FREF has outlined key strategic areas to drive this mission forward. The bursary programme provides financial assistance to students pursuing undergraduate degrees in critical skills programmes, covering tuition fees, learning resources, accommodation, meals, and a monthly stipend.