SARB: Student Bursary 2023/2024 | How to Apply

SARB: Student Bursary Application 2023/2024, See How to apply for SARB: Student leadership program 2023/2024 here, requirements, eligibility, and application closing date 2023/2024.

bursary is a monetary award made by any educational institution or funding authority to individuals or groups. It is usually awarded to enable a student to attend school, university, or college when they might not be able to, otherwise. Some awards are aimed at encouraging specific groups or individuals into the study.

SARB: Student Bursary Application Details 2023/2024 | How to Apply

 SARB Student Bursaries for 2023

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.

 

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.

This includes, for example:

  • Economics,
  • Actuarial Sciences,
  • Mathematical Statistics,
  • Information Technology,
  • Finance,
  • Law
  • Accounting,

 

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, with vacation work opportunities that are funded by the Bank.

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Candidate Requirements: 

  • Must be a South African Citizen
  • Must be younger than 30 years old
  • An average pass mark of 70%
  • Financial circumstances

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 for a period equal to their bursary period 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. The Bank will provide students who are Bank bursary holders vacation work opportunities that are funded by the Bank.

 

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.

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