For Grade 12/Matric students, the South African Reserve Bank Bursary is an amazing chance to begin full-time undergraduate studies at South African universities. This scholarship is a part of SARB’s dedication to helping students from underprivileged backgrounds and tackling South Africa’s skills gap.
South African Reserve Bank Bursary Key Offerings
The South African Reserve Bank Bursary provides comprehensive support to cover various educational expenses, ensuring you can focus on your studies:
- Full University Accommodation: Covered by the bursary.
- Capped Amount for Private Accommodation: Financial assistance if you prefer private accommodation.
- Full Registration and Tuition: Fees fully covered.
- Textbook Allocation: An allowance to purchase textbooks.
- Meal Allowance: Financial support for daily nutrition needs.
Additional Benefits
In addition to the primary offerings, the SARB Bursary includes several additional benefits to enhance your academic and professional journey:
- Laptop: Provided to assist with your studies.
- Cell phone: Provided for communication and connectivity.
- Orientation Workshop: New students accepted into the programme will participate in an orientation workshop.
- Workplace Exposure: Gain practical experience through SARB’s structured Vacation Work programme.
- Work Readiness Skills Training: Prepare for the professional world with training sessions designed for final-year bursars.
- Wellness Programme Access: Enjoy full access to SARB’s Wellness Programme (ICAS) services.
Purpose of the South African Reserve Bank Bursary
The SARB Bursary aims to support corporate social initiatives and provide scholarships to students in fields relevant to the functions of the SARB. This initiative is designed to help students from disadvantaged backgrounds pursue their studies and develop the skills needed in the South African financial sector.
What the South African Reserve Bank Does
The SARB plays a crucial role in maintaining the economic well-being of all South Africans through price stability and financial stability. The bank is responsible for regulating the financial sector, designing and distributing banknotes and coins, managing interest rates, setting cash reserve requirements for banks, and ensuring the stability of the banking sector and the broader financial system.
Requirements to Qualify for the Bursary
To be considered for the South African Reserve Bank Bursary, students must meet the following criteria:
- South African Citizen: Must be a South African citizen.
- Undergraduate Studies: Must undertake full-time undergraduate studies at a South African tertiary institution.
- Grade 12 Exemption: Must pass Grade 12 with exemption, achieving an average pass mark of 70% or higher in the June exams, with the final awarding of the bursary subject to final results.
- Tertiary Performance: If already in first year or higher, must have an average of 70% or higher.
- Financial Need: Must be unable to afford university education without a bursary.
- Age Limit: Must be younger than 30 years old.
How to Apply
To apply for the South African Reserve Bank Bursary, follow these steps:
Step 1: Ensure Eligibility
Before applying, make sure you meet all the bursary requirements listed above.
Step 2: Submit Your Application
Applications for the 2025 intake must be submitted by 30 September 2024. Late applications will not be considered. You need to submit your application along with the required documents, including:
- Certified copy of your June matric results (for current matric students) or final matric results (for completed matric students).
- Download Application Form: External Bursary Application Form 2025
- Proof of acceptance at a recognised tertiary institution.
- A 250-word motivational essay.
- Certified copy of your South African identity document (ID).
Submit your application using the promo code SARB2025:
- By Post:
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021 - By Email: sarbbursary@ttibursaries.co.za
- Online: Apply Here
Bursary Agreement
Successful applicants will be required to attend interviews and sign a bursary agreement with the SARB. This agreement outlines the terms and conditions of the bursary and ensures mutual commitment to the programme’s objectives.
Deserving students have a fantastic opportunity to pursue their academic ambitions without financial restraints through the South African Reserve Bank Bursary. In order to foster future leaders in the financial industry, the SARB provides substantial financial support as well as extra advantages.
We strongly advise you to apply for this potentially life-changing bursary if you are passionate about your studies and meet the eligibility requirements. With the SARB Bursary Programme, start down the path to a better future.