The South African Reserve Bank (SARB) is the monetary authority of South Africa. The Bank’s main responsibility is to safeguard the value of the currency, as well as to promote growth and stability in the South African economy. Also, the Bank issues and destroys currencies (that includes both banknotes and coins); manages the payment system of the nation, acts as the government’s banker, manages the foreign reserves and official gold of the country, supervises and regulates financial institutions, and acts as the lender for offering liquidity assistance and also administer the exchange rate system.
About South African Reserve Bank
The South African Reserve Bank was established in 1921 as a result of unusual financial and monetary conditions stemming from World War I (1914–1918). At the time, commercial banks issued banknotes to the public, which had to be backed by gold. But the price of gold in the United Kingdom rose and became higher than the gold price in South Africa. Therefore, a profit could be made by converting banknotes into gold in South Africa and selling the gold in London. This meant that commercial banks had to buy gold at a higher price in London (for re-import into South Africa to back their ba... read more
SARB Art Scholarship
| Application Deadline | 25 Feb 2022 |
| Type | Undergraduate |
| Sponsor | South African Reserve Bank |
| Gender | Men and Women |
Aim and Benefits of SARB Art Scholarship
- The scholarship has a value of R50 000. Scholarship recipients will be required to participate in the SARB’s mentorship program and to donate one piece of artwork from their graduate project as part of the South African Reserve Bank.
Requirements for SARB Art Scholarship Qualification
To apply for the SARB Art Scholarship 2022, candidates must meet the following minimum eligibility criteria. If you fail to meet any of the below-mentioned requirements, your application will not be considered for the bursary programme. Therefore, make sure you meet all the requirements before applying.
- You must be a South African citizen
- Students must be studying at a recognized and accredited South African university or university of technology in South Africa’s Gauteng Province
- In 2022, you must be entering the final year of your undergraduate studies in Fine Arts
- Applicants must be currently registered or pursuing one of the following degrees or diplomas:
- Students in the final year of a 4-year fine arts undergraduate degree, or
- Advanced diploma of 1-year in fine arts (after three years of undergraduate diploma studies in fine arts) or
- A degree with honours in fine arts (after completing a three-year undergraduate degree in fine arts)
Documents Required for Application
- Certified copy of your ID document
- Transcripts and academic records until the year 2022
- 3 to 5 photographic reproductions of your artwork
- The artist statement should include the following information: about yourself (the artist), his or her work, reasons they should be awarded the scholarship, and why they need financial assistance (in maximum of 300 words)
Application Deadline
February 25, 2022How to Apply
Successful candidates must submit their application form with the required supporting documents.
In the email subject line, include the words “SARB Art Scholarship Application 2022“
For more details,SARB website
