South African Reserve Bank (SARB) Graduate Development Program Data Science Internship 2024

The South African Reserve Bank (SARB) is looking for talented postgraduates to join its one-year Data Science Graduate Development Programme in January 2025.

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

Format of the programme

Graduates will be placed in the Business Systems and Technology Department within the SARB, from January 2025 to December 2025. During the programme, graduates will attend various learning interventions at the SARB Academy, including technical training. The programme offers opportunities for a Data Science track, and graduates will work in a Data Lab environment from time to time, on various use cases.

• Table of Content
• About South African Reserve Bank
• SARB Internship Program
• Requirements for SARB Internship Program 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

SARB Internship Program

Requirements for SARB Internship Program Qualification

To be considered, candidates must have a postgraduate qualification or be in the process of completing a postgraduate qualification (ideally completed the course work) in one of the following fields:

• Data Science
• Machine Learning/Artificial Intelligence
• Predictive Analytics Modelling
• Statistics
• Applied Mathematics
• Economics with Econometrics
• Information Technology
• Engineering
• Business Mathematics and Informatics.

Additional requirements

• Coding with R and/or Python; 
• Be a South African citizen; 
• Be a curious, innovative and self-motivated individual with strong analytical skills;
• Have a proven track record of academic excellence with an overall average mark of 70% and above; and
• Have excellent communication and interpersonal skills.

Application Deadline

How to Apply

For more details,visit SARB website