South Africa’s central bank, the South African Reserve Bank (SARB), offers a prestigious scholarship program known as the South African Reserve Bank Scholarship.
The scholarship is aimed at raising talented individuals in fields that are vital to the country’s economic well-being.
If you’re a passionate student pursuing studies related to finance, economics, or other relevant fields, this funding offer could be your opportunity to have a brighter future.
About the South African Reserve Bank Scholarship
The SARB Scholarship is a comprehensive financial aid program designed to support academically strong South African students throughout their undergraduate or postgraduate studies.
Some of the study programs considered for this scholarship include, but are not limited to:
- Accounting
- Actuarial Science
- Economics
- Finance
- Information Technology
- Law
- Mathematical Statistics
This scholarship provides much more than just tuition fees; it covers a wide range of expenses, including accommodation, books, and a monthly stipend.
Also, the program offers valuable mentorship opportunities and potential internship placements within the SARB itself.
South African Reserve Bank Scholarship Application Form
Applications for the 2025 academic year typically open in June and close in September of the next year.
Ensure you apply within the designated timeframe to avoid missing out.
The online application form, accessible through the SARB website, requires the following documents:
- Certified Matric/Grade 12 results
- Proof of South African citizenship
- Official university acceptance letter
- Comprehensive academic record
- Motivational letter outlining your career aspirations and how the scholarship aligns with them
- Financial needs assessment demonstrating your reliance on this scholarship
- Two letters of recommendation (one from a teacher and one from a community leader/mentor)
After filling out your form and gathering all the required supporting documents, have your application submitted through any of the following means:
- Email: [email protected]
- Post: Mr John Legoete, P O Box 30632, Braamfontein, 2017
- Fax: 086 609 7183
Remember, completeness and attention to detail are very important. Proofread your application thoroughly before submitting it.
The South African Reserve Bank Scholarship Requirements
To be eligible for the SARB Scholarship, you must meet the following criteria:
- Be a South African citizen under the age of 30.
- Have successfully completed Matric/Grade 12 with a minimum average of 70%.
- Be entering your first year of undergraduate studies in a relevant field at a recognized South African university.
- Demonstrate financial need and lack alternative funding sources.
- Possess strong academic potential and leadership qualities.
The South African Reserve Bank Scholarship Closing Date
Applications for the 2024 academic year bursary cycle ended on 30 September 2023.
Applications for the 2025 academic year will also close on 30 September 2024 so mark this date on your calendar and prioritize completing your application well in advance to avoid the last-minute rush.
For further information or inquiries, you can contact the SARB bursary office through phone call on 011 258 4464 or send them an email: [email protected].