Bursary Overview
The South African Reserve Bank (SARB) invites qualifying learners in South Africa to apply for the Undergraduate Bursary Scheme for 2024.
Closing date: 30 September 2024
The studies that students intend to pursue shall have a bearing on, but shall not be limited to, the functions and activities of the South African Reserve Bank.
What the South African Reserve Bank does
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.
Purpose of the bursary
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 to qualify for the bursary
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).
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/
Bursary agreement: Potential external bursars will be required to avail themselves for interviews. Successful applicant(s) for the bursary will be expected to sign an agreement with the SARB.
