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.
The South African Reserve Bank (SARB) is looking for aspiring economists entering their first year of undergraduate studies in the 2024 academic year, to join our external bursaries programme.
The 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 qualifying prospective undergraduates.
The SARB’s Economic Research Department, in collaboration with the SARB Academy, hereby invites prospective
undergraduate degree students to apply for competitive SARB bursaries in the fields of Economics, Economics and
Econometrics, Economics and Mathematical Statistics, and Economic Science. Also Apply: South African Reserve Bank External Bursary Scheme 2024 for Undergraduate 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 in the field of Economics;
• having achieved an average pass mark of 70% in your current year of study, with a good command of English
and Mathematics (70% and above);
• being younger than 30 years; and
• being in financial need (unable to afford to attend university without a bursary).
How to apply – South African Reserve Bank External Bursary Scheme 2024 for the Economic Research Department’s Economics Programme
The closing date for the submission of applications is Saturday, 30 September 2023. 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: SARB ERD24.
Submit by post to:
Mr John Legoete
South African Reserve Bank
P O Box 30632
Braamfontein
2017
or
Fax: 086 609 7183
or
Email: [email protected]
or
Online applications: https://careerwise.co.za/bursaries/online-application/applicant-registration/
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.
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