South African Reserve Bank External Bursary Scheme 2023 – APPLY NOW!

The South African Reserve Bank (the Bank) has recognized the urgent need to address the severe shortage of skills in South Africa. To contribute towards this goal, the South African Reserve Bank External Bursary Scheme 2023, provides financial assistance to students from disadvantaged backgrounds who are pursuing studies in relevant fields.

The South African Reserve Bank External Bursary Scheme

Through this scheme, the South Africa Reserve Bank aims to support the educational aspirations of deserving Grade 12 pupils by offering them bursaries to pursue full-time studies.

South African Reserve Bank External Bursary Scheme

All the successfully selected students can pursue taught Programs that have bearing on, but are not limited to the operation, activities, and functions of the South Africa Reserve Bank. This study program includes Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, Social Work, Medicine, and Dentistry

About the South African Reserve Bank

The South African Reserve Bank (SARB) plays a pivotal role in the country’s financial system and economy. Established in 1921, the SARB emerged during a period of unique financial and monetary circumstances influenced by World War I.

The South African Reserve Bank serves as the central bank of South Africa, responsible for maintaining price stability, promoting economic growth, and safeguarding the stability of the financial system. Through its policies and functions, the SARB aims to foster a conducive environment for sustainable economic development.

Benefits of South African Reserve Bank External Bursary Scheme

  • Students awarded the South African Reserve Bank External Bursary benefit from financial assistance throughout their academic journey. However, Bursary holders will need to reapply every year
  • There is also an annual review of the total number of students and related bursary costs
  • There is a vacation opportunity for all bursaries holders
  • In addition to the financial support, the Bank also provides additional support services to bursary recipients. These services may include mentorship programs, career guidance, and access to networking opportunities within the Bank’s
  • The Bank aims to create a supportive and nurturing environment for bursary recipients, ensuring they have the necessary resources and guidance to succeed in their studies.

Eligibility Criteria for the South African Reserve Bank External Bursary Scheme

The South Africa Reserve Bank has issued the following as guidelines in the awarding of bursaries:

  • Only South African citizens can access these Bursaries
  • Applicants with an average of at least 70 percent in the June Matric/Grade 12 examinations are encouraged to apply
  • The South African Reserve Bank’s External Bursary Scheme is specifically targeted at Grade 12 pupils who come from disadvantaged backgrounds.
  • These students must demonstrate financial need and academic potential.
  • The bursaries are awarded to individuals intending to pursue studies that are relevant to the functions and activities of the Bank. While fields such as Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law, and Accounting are included, the scheme also covers diverse areas like Medicine, Dentistry, and Social Work.

How to Apply

Applying for the South African Reserve Bank External Bursary Scheme is a straightforward process;

  • Prospective bursars need to complete an application form, which is available on the Bank’s website at: careerwise.co.za/bursaries/online-application/applicant-registration/
  • Alongside the application form, students are required to submit relevant supporting documents, such as proof of identity, academic transcripts, and financial statements.
  • The Bank emphasizes the importance of submitting a complete and accurate application by the specified deadline. Incomplete or late applications may not be considered for the bursary.
  • It is advisable for applicants to thoroughly review the application requirements and ensure that all necessary information is provided.

Application Deadline

September 30, 2023.

Conclusion

The South African Reserve Bank External Bursary Scheme plays a crucial role in addressing the skills shortage in South Africa. By providing financial support to deserving Grade 12 pupils from disadvantaged backgrounds, the Bank is investing in the future of the country. Through this scheme, talented individuals are given the opportunity to pursue their studies in various fields, aligning with the Bank’s functions and activities.

If you meet the eligibility criteria, we encourage you to apply for the South African Reserve Bank External Bursary Scheme. It is a gateway to a brighter future, opening doors to academic excellence and personal growth. Invest in your education, and become a catalyst for positive change in South Africa.

More Related Content

LEAVE A REPLY

Please enter your comment!
Please enter your name here