- Created on Wednesday, 05 September 2012 10:11
- Hits: 3256
With the South African Reserve Bank Bursary Scheme, the Bank aims to address the severe shortage of skills in South Africa by providing 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.
2. 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. (For more information on the Bank, visit the Bank’s website). This includes, for example, Economics, Information Technology, Finance, Law and Accounting, and excludes, for example, Medicine, Dentistry and Social Work.
A bursary will be granted from the first academic year and reviewed annually.
Bursary holders need not reapply for the bursary each year.
3. Criteria for awarding bursaries
Over and above the criteria set out in paragraphs 1 to 3 above, the following will be used as guidelines in the awarding of bursaries:
4. 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.
5. How to apply
The closing date for submission of applications shall be 30 September of each year.
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.
Or posted to:Ms Vinessa Naidoo
Human Resources Department
South African Reserve Bank
370 Church Street
6. 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.
7. Bursary agreement
Potential bursary students will be required to avail themselves to be interviewed and to be tested.
Successful applicants(s) for the bursary will be expected to sign an agreement with the Bank.
Download Bursary Application Forms, here.
The application form must be returned to the South African Reserve Bank (the Bank) before 30 September 2012.
Would you change your choice of study in order to be the recipient of a bursary? Why /why not?