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 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.
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.
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:
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
Please use the promotional code as per the application form.
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.