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 and 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.
Studies for which bursaries will be granted
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.
Criteria for awarding bursaries
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.
How to apply
The closing date for submission of applications shall be 30 September of each year.
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
Fax: 086 609 7183
Email: [email protected]
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.
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.