The S V Kearney Education Trust was established in honour of the first Chairman of Royal Bafokeng Resources, Stephen Victor Kearney, who died tragically in April 2004. He had been appointed to this position by the King of the Royal Bafokeng Nation, Kgosi Leruo Molotlegi, to establish the mining company, Royal Bafokeng Resources Holdings (Pty) Ltd.
During Steve Kearney's tenure as Chairman of Royal Bafokeng Resources (RBR), the Bafokeng Nation benefited from his fair and transparent negotiation style and his astute understanding of the Bafokeng's legal ownership of their land and mineral reserves (click here to read more about the Royal Bafokeng Nation). He played a significant role in ensuring that RBR was well placed to become one of South Africa's leading broad-based empowerment companies.
Through his work and achievements, Steve changed the condition of many people's lives and his legacy lives on in The Steve Kearney bursary which is awarded annually to Historically Disadvantaged South Africans1
who are presently reading for an undergraduate, an honours or a masters degree at a higher education institution.
The bursary is awarded, in particular, to students who are studying engineering, science or technology. The bursary covers university fees, residence fees and books, and includes a living allowance determined by the Board of Trustees.
1 “Historically Disadvantaged South Africans” (HDSA) are defined as South African citizens who, due to the apartheid policy that was in place, had no voting rights in the national elections prior to the introduction of the Constitution of the Republic of South Africa, 1983 (Act No. 100 of 1983) or the Constitution of the Republic of South Africa, 1993 (Act No. 200 of 1993) (“the interim Constitution”)