SARB Bursary 2025 Complete Guide & Requirements
Bursary Name | South African Reserve Bank (SARB) Bursary program |
Bursary Closing Date | September 30, 2025 |
Bursary Sponsor | The South African Reserve Bank (SARB) |
Funded Items | Money |
Are you planning to pursue higher education but do not have the financial means? The South African Reserve Bank (SARB) might be the best option for you. SARB is committed to supporting talented South African students who plan to pursue higher education but lack the financial means.
If you are interested in applying for SARB, it is necessary to understand this bursary program’s main purpose and familiarize yourself with the requisite requirements. This guide will delve into details about the SARB bursary program, its closing date, eligibility requirements, and the application process. Therefore, continue reading to learn about the bursary program and the application process.
SARB Bursary
What is the SARB Bursary program? South African Reserve Bank (SARB) offers a bursary program and scholarship to students in relative fields of study, particularly those hailing from underprivileged backgrounds. This initiative is not just about filling skill gaps but creating opportunities for those who may face limitations in pursuing higher education.
To apply for the South African Reserve Bank (SARB) bursary program, students need to understand the program’s necessary eligibility requirements. I will explain in detail how students can apply for the SARB Bursary program and the certain requirements they need. Before moving on to the eligibility requirement, let me discuss what is SARB.
Understanding South African Reserve Bank (SARB)
The South African Reserve Bank (SARB) functions as South Africa’s central bank. Its main job is to keep prices stable to help the country’s economy grow steadily and sustainably. Since its establishment in 1921 through the enactment of the “Currency and Bank Act of 10 August 1920” in parliament, the SARB has been instrumental in molding South Africa’s financial landscape.
The SARB possesses multiple responsibilities, including ensuring that the banking, money, and financial system in South Africa meets the needs of the community and stays updated with international changes. Moreover, the South African Reserve Bank (SARB) also offers opportunities to deserving and talented students to pursue higher education.
The SARB, through its External Bursary Scheme, supports social initiatives by offering external scholarships and bursaries to qualify undergraduates annually. In addition, the Economic Research Department and SARB Academy invite aspiring undergraduate students to apply for the bursary program in economics and related fields.
What Are The Fields Covered By The SARB Bursary Program?
The South African Reserve Bank (SARB) offers bursary and scholarships in certain fields, so you can only apply for this bursary program if you are studying those relative fields. Bursaries will be granted to undergraduate students covering a range of fields associated with the functions and activities of the South African Reserve Bank (SARB). Following are the fields covered by the SARB Bursary program:
- Economics
- Accounting
- Actuarial Science
- Finance
- Information Technology
- Law
- Mathematical Statistics
- Medicine
- Dentistry
- Social Work
The process of reviewing bursaries occurs on an annual basis. However, keep in mind students who have already received a bursary do not need to submit a new application for the bursary program each year.
In addition, students who are awarded this bursary will have the opportunity to engage in vacation work, and the expenses for this work will be covered by the South African Reserve Bank (SARB). After the applicants are successfully shortlisted, they can expect to be contacted within 1 month after the application closing date.
If you do not receive any feedback, consider yourself disqualified. Those successful candidates who are selected may undergo testing and attend an interview before the bursary is awarded. In addition, upon being awarded a bursary, recipients will need to sign an agreement with the South African Reserve Bank (SARB).
What Are The Eligibility For SARB Bursary Program?
There are certain selection criteria set by the South African Reserve Bank (SARB) to filter out the best candidates for the bursary program. If applicants fail to meet this criterion, their application will not be accepted. Therefore, it is important to meet the eligibility requirements, which are discussed below:
- The applicant must be a South African citizen.
- Your age must be below 30.
- The applicant should have completed Matric or currently be in Matric.
- Candidates must have the intention to pursue full-time undergraduate studies in a field not limited to the functions and activities of the SARB.
- You should be entering your first year of study in 2024.
- Applicants should have received acceptance or provisional acceptance to study at a recognized and accredited university in South Africa.
- You should have attained a minimum overall average of 70% in your Matric June exams.
- The applicant should be experiencing financial need.
- The candidate should come from a disadvantaged background as SARB Bursary is only provided to students who do not have financial means to pursue education.
- Lastly, you should face financial constraints that make it impossible to attend university without a bursary.
What Are The Documents Required For The SARB Application Process?
There are certain documents that you must submit when applying for the South African Reserve Bank (SARB) bursary program. If any of the documents is missing, your application will not be accepted. Therefore, the applicants must gather all the necessary documents mentioned below:
- Certified copy of the applicant’s Identity Documents (ID).
- If you are currently in Matric then you must submit a certified copy of your Matric June results.
- Matriculation final result/certification, if Matric has been completed successfully (certified copy).
- Evidence of acceptance to a university for the 2024 academic year (on the institution’s letterhead, including the student number).
- A written statement expressing your motivation for the application (250-word limit).
Step-By-Step Application Procedure For SARB Bursary Program
You can apply for the South African Reserve Bank (SARB) Bursary program using two methods: through an online platform from the comfort of your own house or manually. The application process is straightforward and can be carried out using simple steps which are mentioned below:
Apply Through an Online Platform
- Open the web browser on your device and search for the website (https://careerwise.co.za/ats-notice/).
- After opening the website, provide login credentials to sign in to this online platform.
- Afterward, navigate to the South African Reserve Bank (SARB) Bursary application form and fill it out. Ensure that the information you are providing is up-to-date and authentic to avoid any errors.
- After completing the application, submit it with the documents that I mentioned above.
Apply Through the Manual Application Method
- The first thing to do is to download the SARB application form, and you can click on this link to download the form (https://careerwise.co.za/wp-content/uploads/2023/05/External-Bursary-Application-Form-2024.pdf).
- After downloading it, fill out the form and make sure to provide authentic details. Any misguided information can lead to your application being canceled.
- Next, gather all the necessary relevant documents (mentioned above).
- Lastly, send your filled-out SARB application form and accompanying documents either through mail, email, or fax.
- Email Address: [email protected]
- Fax: 086 609 7183
- Mail: Mr John Legoete, P O Box 30632, Braamfontein 2017
Contact Details
If you have any further queries regarding the SARB Bursary program, it is better to communicate with the SARB Bursary administrators for further assistance. You can contact them through the following means:
Email Address: [email protected]
Telephone Number: tel:0112584464
FAQs
How do you get a SARB bursary?
To get the South African Reserve Bank (SARB) bursary, students must apply for it before its closing date. The application can be submitted using either the online platform, mail, email, or fax.
However, before applying for the SARB bursary program, students must fulfill the eligibility requirements set by the SARB. The applicant must be a South African citizen, aged below 30, experiencing financial need, entering the first year of study in 2024, and should have a minimum overall average of 70% in the Matric June exams.
Does the South African Reserve Bank (SARB) offer bursaries?
Yes, they do. The South African Reserve Bank (SARB) offers opportunities to talented students who are experiencing financial needs to pursue higher education.
SARB bursary will be awarded to undergraduate students in various fields related to the function and activities of the South African Reserve Bank (SARB). Moreover, recipients of this bursary will have the chance to participate in vacation work, with expenses covered by the South African Reserve Bank (SARB).
Ending Lines
To sum up, the South African Reserve Bank (SARB) is providing bursaries and scholarships for deserving students who plan to pursue higher studies but face financial challenges. Every student is eligible to apply for this bursary program as long as they fulfill the selection criteria set by the SARB. If anyone fails to meet the requirements, their application will not be considered.
Additionally, you can apply for the SARB Bursary program either using the online platform or via email, post, or fax. Furthermore, make sure to apply for the bursary before the due date, or else your application will be canceled. If the applicants are successfully shortlisted, they may undergo testing and attend an interview before the bursary is awarded.