The South African Reserve Bank (SARB) Bursary

    • Application closing date
      30 September Annually
    • Published date
      1 April , 2022
    • Apply now
    Company description

    SARB, the central bank of South Africa, has a dual mandate: to protect the currency's value in the interest of balanced economic growth and to ensure financial stability. This constitutional role involves issuing and managing currency, regulating financial institutions, overseeing national payments systems, managing foreign reserves, acting as the government's banker, and providing last-resort liquidity assistance. Price stability, with a target inflation range of 3-6%, is a pivotal focus, reinforcing the bank's responsibility in maintaining financial system stability. SARB operates independently while collaborating with government and is accountable to Parliament.

    Strategic Commitment:

    SARB's strategy revolves around achieving price and financial stability for the benefit of all South Africans. Through its five strategic focus areas and specific objectives, the bank aims to make a significant contribution to the nation's economic well-being. This commitment to independence, transparency, and strategic planning underscores its vital role in supporting South Africa's economic growth and stability.

    Bursary description
    The South African Reserve Bank (the Bank) is committed to addressing the critical shortage of skills in South Africa by providing life-changing bursaries to students from disadvantaged backgrounds. These bursaries support studies in fields aligned with the Bank's functions and activities, spanning from Economics and Finance to Medicine and Social Work. With an emphasis on academic excellence, applicants with a minimum of 70 percent in their June Matric/Grade 12 examinations are encouraged to apply. South African citizens in need of financial support for university education are eligible to apply for this program. Successful bursary holders not only receive financial assistance but also gain access to vacation work opportunities funded by the Bank, making this a holistic and transformative opportunity.
    Join us in shaping the future of South Africa's workforce and communities. Apply for the South African Reserve Bank External Bursary Program before the annual deadline of September 30th. We invite you to embark on an educational journey that goes beyond funding, empowering you to make a lasting impact on your chosen field and society. For more details and application instructions, visit our website at www.resbank.co.za and seize this chance to unlock your full potential.
    Requirements and eligibility

    Requirements to qualify for the bursary

    For learners to be considered for the bursary, they have to
    meet the following requirements:

    • Conditional admission to an undergraduate program at a South African university;

    • Attaining a mean score of 70% on the June Grade 12 assessments, with the scholarship's ultimate bestowal contingent upon the final outcomes;

    • Under the age of 30;

    • Experiencing financial hardship, unable to cover university expenses without financial assistance.

    How to apply

    How to Request the SARB Bursary:

    To initiate the bursary application process, please ensure you have a fully completed application form. Alongside this form, include your examination results, evidence of acceptance at a recognized educational institution (including your student number), and any additional required documentation. These materials must be submitted no later than September 30th of each calendar year.

    You have two options for submitting your application:

    1. By mail, send your application to the following address:Mr. John LegoeteP.O. Box 30632  Braamfontein, 2017
    2. Alternatively, you can forward your application electronically to Mr. Legoete via email at applications@careerwise.co.za If you prefer an online application method, please navigate to the Career Wise website and utilize the promotional code provided on the application form.

    Submission of Examination Results for Bursary Recipients:

    Bursary recipients are required to submit their examination results prior to December 31st each year. This applies irrespective of whether they are expecting to receive a bursary for the subsequent year. To maintain eligibility for ongoing financial support, existing bursary recipients must successfully complete their academic year.

    Bursary Agreement:

    Applicants seeking external bursaries should be prepared to attend an interview as part of the selection process. If selected, successful bursary applicants will be expected to enter into an agreement with the Bank.

    What it covers
    Location
    Website

    https://www.resbank.co.za/en/home/publications/publication-detail-pages/bursary/2024/External-bursary-for-undergraduate-studies-2025

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