|Closing Date:||Monday 30th of September 2019|
Purpose of the bursary scheme
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.
The purpose of the bursary scheme is to assist financially needy students who obtain good results in Matric/Grade 12 and who want to study in fields relevant to the Bank.
The bursary is intended for undergraduate studies at a South African university on a full-time basis.
Studies for which bursaries will be granted
The studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank.
This includes, for example: Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, and excludes for example, Medicine, Dentistry and Social Work.
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.
Criteria for awarding bursaries
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:
The Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the Bank after completion of their studies, unless the Bank chooses not to employ them.
Submission of examination results by bursary holders
Bursary holders will be required to submit their examination results before 31 December of each year, regardless of whether or not they will be awarded a bursary for the following year.
Potential bursary students will be required to avail themselves to be interviewed and to be tested.
How to Apply
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.
Application to be posted to:
or Email: firstname.lastname@example.org
or Fax: 086 609 7183
Closing date: 30 September of each year.