The South African Reserve Bank (SARB) Bursary program offers a valuable opportunity for financially disadvantaged students pursuing tertiary education in South Africa.
This prestigious bursary program supports individuals in specific fields of study, aiming to address skills shortages and foster future leaders in relevant sectors.
About the SARB Bursary
The SARB Bursary Scheme targets ambitious South African students who are struggling with financial problems.
It provides funding for undergraduate studies in fields directly aligning with the Bank’s activities and functions.
These fields include, but are not limited to:
- Accounting
- Actuarial Science
- Economics
- Finance
- Information Technology
- Law
- Mathematical Statistics
Also, the bursary program extends beyond financial assistance, offering paid vacation work opportunities at the South African Reserve Bank.
This unique experience allows bursars to gain valuable industry insights and potentially build a future career path within the Bank.
SARB Bursary Application Form
The application process for the SARB Bursary opens annually.
It’s important for you to note that applications are submitted electronically through the South African Reserve Bank website.
Here’s a breakdown of the submission process:
- Download the application form: Once the application window opens, download the latest version of the form from the SARB website.
- Complete the form: Carefully and accurately fill out the required information on the form.
- Gather supporting documents: Ensure you have all the necessary documents listed on the application form, such as certified copies of your academic transcripts and proof of South African citizenship.
- Submit your application: Electronically submit your completed application form and supporting documents before the closing date.
Remember to double-check your application for any errors or missing information before submitting.
Also, make sure you meet the application deadline to ensure your application is considered.
SARB Bursary Requirements
To be eligible for the SARB Bursary, you must meet the following criteria:
- South African Citizenship: You must be a South African citizen.
- Age Limit: You must be under 30 years old.
- Academic Performance: You must have achieved an average pass mark of at least 70% in your most recent year of study (minimum requirement may vary depending on the year of application).
- Financial Need: You must demonstrate a demonstrable financial need and prove your inability to afford tertiary education without a bursary.
- Field of Study: Your chosen field of study must fall under the categories mentioned in the “About the SARB Bursary” section.
SARB Bursary Closing Date
The SARB Bursary application window closes at different times each year, last year’s window closed on 30 September 2023. The dates for this year have not yet been announced.
The South African Reserve Bank has a dedicated telephone number for bursary inquiries and it is as follows: 011 258 4464.
If you have any questions regarding the SARB Bursary program, you are encouraged to contact the Bank through email: [email protected]
Remember, seeking clarification through the official email address is the most reliable and appropriate way to obtain accurate information about the SARB Bursary.