ABOUT THE BURSARY PROVIDER – SARB
The South African Reserve Bank (SARB) is South Africa’s central bank, whose main purpose is to maintain price stability for sustainable economic growth within the country. SARB was established in the year 1921 after the passing of the “Currency and Bank Act of 10 August 1920” in Parliament. Before the Bank was established, South African commercial banks issued banknotes to the public.
The SARB are responsible for the following: ensuring that the banking, money and financial system in South Africa achieves the community requirements and keeps up to date with international developments, as well as helping the government (and other economic community members) of South Africa with data for macroeconomic policy, and lastly to provide the South African community and international stakeholders with feedback regarding the countries monetary policy and economic standing.
ABOUT THE SARB BURSARY PROGRAMME – FIELDS COVERED
The South African Reserve Bank (SARB)’s Economic Research Department, in collaboration with the SARB Academy, invites students to apply for their external bursary scheme for Economic Research Department’s Economics Programme, for the 2024 academic year.
Bursaries will be awarded for undergraduate studies, within the following fields:
- Economics and Econometrics
- Economics and Mathematical Statistics
- Economic Science
ABOUT THE SARB ECONOMICS BURSARY PROGRAMME – SELECTION
Shortlisted candidates will be contacted within 1 month of the application closing date – if you do not receive any feedback by this time, please accept that your application was unsuccessful. Candidates may be required to undergo testing and attend an interview before being awarded a bursary (read our tips on Preparing for a Bursary Interview).
www.zabursaries.co.za is committed to keeping you up to date with the latest bursary opportunities, and this article covers all details about the SARB Bursary.
Bursary recipients will be required to sign an agreement with the SARB.
ELIGIBILITY REQUIREMENTS FOR THE SARB ECONOMICS BURSARY
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 degree in the field of Economics
- You must be entering your 1st year of study in 2024
- You must have been accepted or provisionally acceptance to study at a recognised and accredited university in South Africa
- You must have achieved a minimum overall average of 70% for the 2023 academic year
- You must have achieved a minimum overall result of 70% for English and Mathematics
- 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 FOR THE SARB ECONOMICS BURSARY
Applications must be submitted in either of the following ways:
Step 1: Register on the Career Wise platform
Use the promotional code SARB ERD24
Enter “www.zabursaries.co.za” in the field asking how you heard about the SARB Economics bursary.
Step 2: Login to the Career Wise platform
Step 3: Complete the online application form
Step 4: Upload your supporting documents as listed below