The closure date for the Application of  South African Reserve Bank (SARB) Bursary Programme 2019 for young South Africans is September 30th 2019

In a bid to reduce the rate of shortage of skills among the South African Youths,  The South African Reserve Bank as Organized a programme which provide bursaries to students in relevant field of Studies who are from a not so Comfortable Background.

‎Purpose of the Scheme 

The purpose of the bursary scheme is to assist financially needy students who obtain good results in Matric/Grade 12 and who want to study in fields relevant to the Bank.

The bursary is intended for undergraduate studies at a South African university on a full-time basis.

Studies for which bursaries will be granted 

The studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank. (For more information on the Bank, visit the Bank’s website: he studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank.

This includes, for example, Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, and excludes 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.

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 students who obtain 70 per cent in the June Matric/Grade 12 examinations with final awarding subject to final results and enrolment acceptance at a South African university.

Applicant must be a South Africa Citizen.

Only students who would not have the means of attending university, had it not been for a bursary, would be considered.

Post-bursary obligations

The Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the Bank after completion  of their studies, unless the Bank chooses not to employ them.

Students who choose not to work for the Bank despite the Bank offering them a position after completing their studies will be required to pay the full cost of the bursary back to the Bank.

How to apply
The closing date for submission of applications shall be 30 September of each year.

Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.