South African Reserve Bank 2021 Bursary Scheme for South Africans

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

We invest considerably in the development of our people so they can excel today and are ready to meet tomorrow’s challenges. Our people are our greatest asset. Working at the Bank means access to unique opportunities and exposure to work that impacts on all South Africans.

• Table of Content
• About South African Reserve Bank
• South African Reserve Bank Bursary Scheme
• Aim and Benefits of South African Reserve Bank Bursary Scheme
• Requirements for South African Reserve Bank 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 Bursary Scheme

Aim and Benefits of South African Reserve Bank Bursary Scheme

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:

• Bursaries will be awarded to qualifying bursary applicants who obtained an average of at least 70 percent in the June Matric/Grade 12 examinations with final awarding subject to final results and enrolment acceptance at a South African university.
• Bursaries will be awarded to South African citizens only.
• Only students who do not have the financial means of attending university would be considered for a bursary.

Requirements for South African Reserve Bank Bursary Scheme Qualification

The studies that students intend to pursue shall have a bearing on, but not be limited to, the functions and activities of the Bank. (For more information on the Bank, visit the Bank’s website: www.resbank.co.za). This includes, for example; Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, but also includes 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. 

Selection Criteria:

• SA Citizen
• Younger than 30 years old
• Average pass mark of 70%
• Financial Circumstances

Application Deadline

How to Apply

CHECKLIST OF DOCUMENTS/ITEMS TO BE INCLUDED WITH YOUR APPLICATION FORM:

• 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

Examination results, proof of acceptance at a recognized institution (student number) and any other supporting documents must be submitted with the application form.

Application to be posted to: 

Mr John Legoete

P.O. Box 30632

BRAAMFONTEIN

2017

or 

Fax: 086 609 7183

or 

Email: [email protected]

Online Applications:    

http://careerwise.co.za/applications/registrations/

Please use the promotional code as per the application form. 

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. Existing bursars must successfully complete the academic year to be eligible for further funding.

Bursary Agreement

Potential external bursars will be required to avail themselves to be interviewed. Successful applicants(s) for the bursary will be expected to sign an agreement with the Bank

For more details, visit South African Reserve Bank website.