Field of Study:
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.
SA Reserve Bank Bursary Application For 1st Year Students
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. (For more information on the Bank, visit the Banks website: www.reservebank.co.za). This includes, for example, Economics, 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 Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the Bank for a period equal to their bursary period, unless the Bank chooses not to employ them.
Students who choose not to work for the Bank despite the Bank offering them a position after completing their studies will be required to pay the full cost of the bursary back to the Bank.
The Bank will provide students who are Bank bursary holders vacation work opportunities that are funded by the Bank.
• SA Citizen
• Younger than 30 years old
• Average pass mark of 70%
• Financial circumstances
How to Apply:
• A certified copy of your June (current year) matric results or certified copy of Matric results if completed before current year.
• Proof of acceptance at a recognised institution
• An essay of 250 words to motivate your case.
• A certified copy of your South African ID
The closing date for submission of applications shall be 30 September of each year.