South African Reserve Bank 2024 External Bursary Scheme for Undergraduate Students

The SARB serves the economic well-being of all South Africans through maintaining price stability and financial stability. It is responsible for the regulation of the South African financial sector, the design and distribution of banknotes and coin, the management of interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.

• Table of Content
• About South African Reserve Bank
• South African Reserve Bank External Bursary Scheme
• Aim and Benefits of South African Reserve Bank External Bursary Scheme
• Requirements for South African Reserve Bank External Bursary Scheme Qualification
• Application Deadline
• How to Apply

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... continue reading

South African Reserve Bank External Bursary Scheme

Aim and Benefits of South African Reserve Bank External Bursary Scheme

The SARB, as part of addressing the severe shortage of skills in South Africa, provides scholarships and bursaries to students in relevant fields of study who are from disadvantaged backgrounds.

In support of the corporate social initiatives of the SARB and its External Bursary Scheme, a number of external scholarships and bursaries are made available annually to needy qualifying Grade 12/Matric pupils (external bursars) to embark on full-time studies.

Requirements for South African Reserve Bank External Bursary Scheme Qualification

For students to be considered for the bursary, they have to meet the following requirements:

• provisional acceptance into an undergraduate degree at a South African university;
• achieved an average pass mark of 70% in the June Grade 12/Matric examinations, with the final awarding of the bursary subject to final results;
• be younger than 30 years of age; and
• be in financial need (unable to afford to attend university without a bursary).

Application Deadline

How to Apply

The closing date for the submission of applications is Monday, 30 September 2024. Late applications will not be considered.

Examination results, proof of acceptance at a recognised institution (a student number) and any other supporting documents must be submitted with the application. Use PROMO CODE: SARB2025.

Submit by post to:

Dimpho Nkoana

POSTNET Suite 101

Private Bag X153

Bryanston

2021

or

Email: [email protected]

or

Online applications: https://ttibursaries.co.za/students/

For more details, visit SARB website.