South African Reserve Bank Bursary 2023 – 2024
ABOUT THE COMPANY – SARB
The South African Reserve Bank (SARB) is South Africa’s central bank, whose main purpose is to maintain price stability for sustainable economic growth within the country. SARB was established in the year 1921 after the passing of the “Currency and Bank Act of 10 August 1920” in Parliament. Before the Bank was established, South African commercial banks issued banknotes to the public.
The SARB is responsible for the following: Ensuring that the banking, money and financial system in South Africa achieves the community requirements and keeps up to date with international developments, as well as helping the government (and other economic community members) of South Africa with data for macroeconomic policy, and lastly to provide the South African community and international stakeholders with feedback regarding the countries monetary policy and economic standing.
ABOUT THE SARB BURSARY PROGRAMME – FIELDS COVERED
The South African Reserve Bank (SARB) is inviting students to apply for bursary funding, for the 2023 academic year. The bursary is available to students entering their 1st year of study in 2023, in any of these fields related to the bank:
- Actuarial Science
- Information Technology
- Mathematical Statistics
- * Other fields may also be funded, such as Medicine, Dentistry, Social Work
Zabusaries.com is committed to keeping you up to date with the latest bursary opportunities, and this article covers all details about the SARB Bursary.
ABOUT THE SARB BURSARY PROGRAMME – SERVICE CONTRACT & SELECTION
The bursary will be awarded for the first academic year and reviewed each year (recipients do not have to reapply for funding each year). Students will be required to submit their exam results by no later than 31 December each year
Students will have the opportunity to partake in vacation work opportunities each year.
Shortlisted candidates will be contacted within 1 month of the application closing date – if you do not receive any feedback by 30 October 2022, please accept that your application was unsuccessful. Candidates may be required to undergo testing and attend an interview before being awarded a bursary.
ELIGIBILITY REQUIREMENTS FOR THE SARB BURSARY
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- You must be a South African citizen
- You must be under the age of 30 years old
- You must have completed Matric OR be currently in Matric
- You must intend on studying full-time towards an undergraduate qualification, in one of the fields listed above
- You must be entering your 1st year of study in 2023
- You must have been accepted to study at a recognised and accredited university in South Africa
- You must have achieved a minimum overall average of 70% for your Matric June exams
- You must be in financial need
- You must be unable to afford to attend university without a bursary
- You must be from a disadvantaged background
HOW TO APPLY FOR THE SARB BURSARY
Applications must be submitted in either of the following ways:
– Apply online: SARB Bursary Application 2023
Applicants must use the following promotional code: SARB2023
– Download and complete the SARB Bursary Application Form 2023 (.pdf)
Hardcopy applications must be submitted in either of the following ways:
- Email: firstname.lastname@example.org
- Fax: 086 609 7183
- Post: Mr John Legoete, P.O. Box 30632, BRAAMFONTEIN, 2017
Submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document (certified copy)
- Matric June results, if currently in Matric (certified copy)
- Matric certificate, if completed Matric (certified copy)
- Proof of acceptance at university for the 2023 academic year (on institutions letterhead)
- Motivational essay to support your application (approximately 250 words) (read our tips on writing a motivational letter for your bursary application)
CLOSING DATE FOR THE SARB BURSARY
30 September 2022.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
CONTACT THE BURSARY PROVIDER
For any queries related to this bursary programme, please contact Career Wise (the administrators for the SARB bursary) directly:
Tel: 011 258 4464
NSFAS National Student Financial Aid Schemes
NSFAS: What is NSFAS?
NSFAS, or National Student Financial Aid Scheme, was established according to the National Student Financial Aid Scheme Act of 1999 and incorporated the Tertiary Education Fund of South Africa (TEFSA), which stopped operating in 2000.