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South African Reserve Bank

Graduate Development Programme (GDP) 

We are looking for productive and talented graduates to join our one-year SARB GDP in January 2018
GDP is the gross domestic product of a country, a broad measurement of a nation’s overall economic activity and an indication of a country’s economic health. Economists monitor the GDP to consider a country’s overall output of goods and services.
The SARB GDP seeks to contribute to your overall economic activity and output by equipping you with knowledge of, skills in, and exposure to the
financial sector in general and the role of the central bank in the economy. The SARB GDP is specially designed to provide access to broad knowledge and expertise. You will have the opportunity to work for a reputable institution that has a critical role to play in the South African economy.
What the SARB does
The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks, and ensuring stability of both the banking sector and the wider financial system.
What the SARB GDP is about
Exposure to departments in the SARB Graduates will work and learn at the SARB Head Office in Pretoria from January to December 2018. During the year, you will be assigned to a role and/or a project in two SARB departments – you will work in one department for the first six months before moving to a second department for the last six months, thereby maximising your exposure to the range of central banking disciplines.
SARB GDP courses
During the SARB GDP you will also attend courses at the SARB Academy for roughly 30 days. Courses include monetary policy, macroprudential policy and financial stability, bank supervision and regulation, financial markets and reserves management, currency issuance and management as well as personal and professional skills such as making presentations, impactful reporting, data analysis, teamwork, personal mastery and diplomacy.
Graduates can also choose two of the following electives:
  • Basic financial risk management
  • Economic concepts and indicators
  • Public finance
  • Financial markets and instruments
  • Anti-money laundering
  • The national payment system
After the first year
At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:
  • are interested in continuing their career at the SARB;
  • have a desire to make a contribution to monetary policy, financial stability, currency supervising financial institutions, financial markets or one of the SARB’s enabling functions;
  • have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust, and open communication;
  • are able to function independently and contribute actively and effectively in a team; and
  • have performed exceptionally well in their assigned departments and academically.
Who should apply?
You meet the requirements if you:
  • have completed or are about to complete a bachelor’s or postgraduate degree;
  • have attained or expect to attain an average of over 65% in your final year;
  • have a strong desire to work in financial services and/or policy making;
  • have a proven track record of academic excellence;
  • have excellent communication and interpersonal skills;
  • are a South African citizen; and
  • are a curious and keen learner.
Degree focus areas
We will consider graduates or students with a major in at least one of the following areas:
  • Economics
  • Money and banking
  • Accounting
  • Econometrics
  • Statistics
  • Mathematical sciences
  • Risk management
  • Finance
  • Law
  • Actuarial sciences
  • Political science
  • International studies
  • Labour studies
  • Growth and development
  • Investment management
  • Computer studies
  • Supply chain management
  • Development studies
How to apply
Please submit the following 3 documents to
  • certified copies of your latest academic record and qualifications;
  • your curriculum vitae – no longer than two pages;
  • a half-page motivation explaining:
    why you wish to participate in this programme;
    and what you are able to contribute to the SARB.
Attachments should not exceed 2Mb.
The closing date for applications is 9 June 2017. Late applications will not be considered.
After you apply
Shortlisted applicants will be invited to participate in assessments, interviews, a reference check and a security clearance as part of the selection process. Suitable candidates will be selected based on the SARB’s commitment to diversifying its workforce. Correspondence will be limited to shortlisted candidates only. If you have not heard from us, please consider your application unsuccessful.
If you have questions, please email them to the following email address:
Remuneration and benefits
Graduates will receive a competitive salary for the duration of the programme. Permanent appointment salaries after the first year will depend on the role into which a graduate is placed.

Click here to open the official GDP brochure

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