The South African Reserve Bank (the Bank), 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. In support of the corporate social initiatives of the Bank and the Bank’s External Bursary Scheme (the scheme), a number of external bursaries are made available annually to needy qualifying Grade 12 pupils (external bursars) to embark on full-time studies.
The studies that students intend to pursue shall have a bearing on, but not be limited to, the functions and activities of the Bank. (For more information on the Bank, visit the Bank’s website: www.resbank.co.za). This includes, for example; Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, but also includes for example, Medicine, Dentistry and Social Work.
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
South African Reserve Bank External Bursary Scheme
| Application Deadline | 30 Sep 2023 |
| Type | College School |
| Sponsor | South African Reserve Bank |
| Gender | Men and Women |
Aim and Benefits of South African Reserve Bank External Bursary Scheme
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 Bank will provide students who are Bank bursary holders, vacation work opportunities that are funded by the Bank.
Requirements for South African Reserve Bank External Bursary Scheme Qualification
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 qualifying bursary applicants who obtained an average of at least 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 do not have the financial means of attending university would be considered for a bursar
Application Deadline
September 30, 2023How to Apply
Interested and qualified? Go to South African Reserve Bank on careerwise.co.za to applyThe closing date for submission of applications shall be 30 September of each year.
Examination results, proof of acceptance at a recognized institution (student number) and any other supporting documents must be submitted with the application form.
Application to be posted to:
Mr John Legoete
P.O. Box 30632
BRAAMFONTEIN
2017
or
Fax: 086 609 7183
or
Email: [email protected]
For more details, visit South African Reserve Bank website.
