The South African Reserve Bank (the SARB), as part of addressing the severe shortage of skills in South Africa, provides bursaries to students in relevant fields of study who are from disadvantaged backgrounds.
The purpose of the bursary scheme is to assist financially needy students who obtain good results in Matric/Grade 12 and who want to study in fields relevant to the SARB. The bursaries will be awarded for studies in amongst other study fields: Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, and excludes for example, Medicine, Dentistry and Social Work.
The bursary is intended for undergraduate studies at a South African university on a full-time basis.
Studies for which bursaries will be granted he studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank. (For more information on the SARB, visit the Bank’s website: he studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank. (For more information on the SARB, visit the SARB’s website: www.reservebank.co.za). This includes, for example, Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, and excludes for example, Medicine, Dentistry and Social Work.
A bursary will be granted from the first academic year and reviewed annually. Bursary holders need not reapply for the bursary each year. The total number of students and related bursary costs will be reviewed annually.
The SARB will provide students who are SARB bursary holders, vacation work opportunities that are funded by the SARB.
Criteria for awarding bursaries
Over and above the criteria set out in paragraphs 1 to 3 above, the following will be used as guidelines in the awarding of bursaries:
- Bursaries will be awarded to students who obtain 70 percent in the June Matric/Grade 12 examinations with final awarding subject to final results and enrolment acceptance at a South African university;
- Bursaries will be awarded to South African citizens only;
- Only students who would not have the means of attending university, had it not been for a bursary, would be considered.
The Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the SARB after completion of their studies, unless the SARB chooses not to employ them.
Students who choose not to work for the SARB despite the SARB offering them a position after completing their studies will be required to pay the full cost of the bursary back to the SARB.
How to apply
The closing date for submission of applications shall be 30 September of each year.
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form (CLICK HERE TO DOWNLOAD THE APPLICATION FORM).
Application to be posted to:
Mr John Legoete
P.O. Box 30632
or Fax: 086 609 7183
or Email: email@example.com
Please use the following promotional code: SARB20206. Submission of examination results by bursary holders
Bursary holders will be required to submit their examination results before 31 December of each year, regardless of whether or not they will be awarded a bursary for the following year.
Bursary agreement Potential bursary students will be required to avail themselves to be interviewed and to be tested.
Successful applicants(s) for the bursary will be expected to sign an agreement with the SARB.