We are pleased to announce that the application for the 2024 SARB Economics Bursary is now open.
The South African Reserve Bank (SARB) invites future economists who are entering their first year of undergraduate studies in the 2024 academic year to apply for our prestigious external bursary program.
The SARB contributes to the economic prosperity of all South Africans by ensuring price stability and financial stability. It regulates the South African financial sector, oversees the design and distribution of banknotes and coins, manages interest rates, and sets the cash reserve requirement for banks. Above all, it ensures the stability of the banking sector and the wider financial system.
Addressing the acute skill shortage in South Africa, the SARB provides scholarships and bursaries to students from disadvantaged backgrounds pursuing relevant fields of study. As part of our corporate social initiatives and External Bursary Scheme, we offer several external scholarships and bursaries each year to qualifying prospective undergraduates.
Benefits of the SARB Economics Bursary
Our Economic Research Department, in partnership with the SARB Academy, welcomes undergraduate degree students to apply for competitive SARB bursaries in the following fields:
- Economics
- Economics and Econometrics
- Economics and Mathematical Statistics
- Economic Science
Eligibility
To qualify for the bursary, applicants must meet the following criteria:
- Provisional acceptance into an undergraduate degree in the field of Economics.
- Achieved an average pass mark of 70% in your current year of study, with a strong command of English and Mathematics (70% and above).
- Younger than 30 years.
- Financially needy (unable to afford to attend university without a bursary).
- A South African citizen.
Applicants currently in matric should provide a certified copy of their June matric results, while applicants who have completed matric should provide a certified copy of their final matric results.
Application Procedure
- Download and fill out the Application Form.
- Along with the application form, submit your examination results, proof of acceptance at a recognised institution (a student number), and any other relevant supporting documents.
- Write and attach an essay of 250 words to motivate your application.
- Provide a certified copy of your South African identity document (ID).
- Use PROMO CODE: SARB ERD24.
You can submit your application via post, fax, email, or through the online application system:
- Post: Mr John Legoete, South African Reserve Bank, P O Box 30632, Braamfontein 2017
- Fax: 086 609 7183
- Email: applications@careerwise.co.za
- Online applications: CLICK HERE
Application Dates
Applications are now open and will close on Saturday, 30th September 2023 at 12:00 PM.
