See How to apply for South African Reserve Bank Bursary Application 2023/2024, Requirements, Eligibility, and application closing date 2023/2024.
A 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.
South African Reserve Banks strives to engage with meaningful initiatives that contribute to the transformation of people.
Follow these easy steps to apply:
- Complete the bursary application form (find attached) and send it.
- Attach a passport-size photo of yourself to the application form.
- Attach a formal quotation from the chosen training provider/institution.
- Provide certified copies of the following documents:
- Academic results / Statement of results
- ID document
- Certificates (if applicable)
The South African Reserve Bank (SARB) invites South African students to apply for Bursary Programme 2023 academic year.
Bursary Application Closing Date: 30 September 2023
The bursary is available to students entering their 1st year of study in 2023, in any of these fields related to the bank:
- Accounting
- Actuarial Science
- Economics
- Finance
- Information Technology
- Law
- Mathematical Statistics
- * Other fields may also be funded, such as Medicine, Dentistry, Social Work
The bursary will be awarded for first academic year and reviewed each year (recipients do not have to reapply for funding each year). Students will be required to submit their exam results by no later than 31 December each year.
Students will have the opportunity to partake in vacation work opportunities each year.
Shortlisted candidates will be contacted within 1 month of the application closing date – if you do not receive any feedback by 30 October 2023, please accept that your application was unsuccessful. Candidates may be required to undergo testing and attend an interview before being awarded a bursary.
Requirements
Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):
- You must be a South African citizen
- You must be under the age of 30 years old
- You must have completed Matric OR be currently in Matric
- You must intend on studying full-time towards an undergraduate qualification, in one of the fields listed above
- You must be entering your 1st year of study in 2023
- You must have been accepted to study at a recognised and accredited university in South Africa
- You must have achieved a minimum overall average of 70% for your Matric June exams
- You must be in financial need
- You must be unable to afford to attend university without a bursary
- You must be from a disadvantaged background
How to Apply
Applications must be submitted in either of the following ways:
– Apply online: SARB Bursary Application 2023
Applicants will be required to Register an Account before they can Login and Apply.
Applicants must use the following promotional code: SARB2023
– Download and complete the SARB Bursary Application Form 2023 (.pdf)
Hardcopy applications must be submitted in either of the following ways:
- Email: [email protected]
- Fax: 086 609 7183
- Post: Mr John Legoete, P.O. Box 30632, BRAAMFONTEIN, 2017
Submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):
- ID document (certified copy)
- Matric June results, if currently in Matric (certified copy)
- Matric certificate, if completed Matric (certified copy)
- Proof of acceptance at university for the 2023 academic year (on institutions letterhead)
- Motivational essay to support your application (approximately 250 words) (read our tips on writing a motivational letter for your bursary application)
Conclusion:
- Ensure to complete all sections of the bursary application form. Incomplete Applications Will Not Be Considered.
- South African Reserve Bank will not undertake any responsibility for the safekeeping and/or return of any documents submitted with this application.
- Bursaries are only awarded for full-time study at tertiary institutions that were approved by South African Reserve Bank
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