SARB (South African Reserve Bank) Bursary South Africa 2025

If you’re an aspiring economist starting your first year of undergrad in 2025, the South African Reserve Bank (SARB) is offering bursaries you can apply for. To help with the issue of skills shortage in South Africa, the SARB offers bursaries to students from underprivileged backgrounds who are studying in relevant fields. It’s a great way to support talented students and invest in the country’s future.

This guide provides all the details you need to understand the SARB’s bursary program, from eligibility requirements to the application process and key deadlines. Hence, stick around to learn more.

Overview of SARB

The South African Reserve Bank (SARB) is the central bank of South Africa, and its main job is to keep prices stable to support sustainable economic growth. In 1921, the SARB was established after Parliament passed the “Currency and Bank Act of 10 August 1920”. Prior to the establishment of the Bank, South African commercial banks issued banknotes to the public.

The SARB is in charge of regulating the financial sector, designing and handing out banknotes and coins, managing interest rates, setting cash reserves for banks, and making sure the banking system and overall financial stability stay in check. It plays a key role in keeping the country’s economy running smoothly.

SARB (South African Reserve Bank) Bursary 2025

The SARB Bursary is a financial assistance program designed to support students pursuing studies in fields relevant to the banking and financial sector. It provides an opportunity for students from disadvantaged backgrounds to gain the skills and qualifications needed to contribute to the country’s economic growth. The following are the SARB Bursary 2025 details and everything you need to know:

SARB (South African Reserve Bank) Bursary 2025: Fields and Expenses Covered

Undergraduate degree studies, including but not limited to fields related to the functions and activities of the SARB, will be eligible for bursaries. These fields may include the following:

• Accounting
• Actuarial Science
• Economics
• Finance
• Information Technology
• Law
• Mathematical Statistics
• Dentistry
• Medicine
• Social Work

Bursaries are reviewed annually, but students do not need to submit a new application for funding each year. Candidates who are shortlisted will be contacted within one month after the application deadline. If you haven’t received a response by that time, please assume that your application was unsuccessful.

Before being awarded a bursary, candidates may need to undergo testing and attend an interview. Bursary recipients will be expected to sign an agreement with the SARB as well.

SARB (South African Reserve Bank) Bursary 2025: Eligibility Requirements

Before applying make sure to meet the SARB’s eligibility criteria to ensure your application is considered. The following are the qualification requirements for SARB Bursary:

• Being a South African citizen is a requirement.
• Applicants must be younger than 30 years old.
• Applicants must either have completed Matric or be currently enrolled in Matric.
• You should plan to study full-time for an undergraduate degree in a field related to, but not limited to, the functions and activities of the SARB.
• You must be starting your first year of study in 2025.
• You must have received acceptance or provisional acceptance at a recognized and accredited university in South Africa.
• You must have obtained a minimum overall average of 70% in your Matric June exams.
• You must demonstrate financial need.
• You must require a bursary to afford to attend university.
• Applicant must be from an underprivileged background.

SARB (South African Reserve Bank) Bursary 2025: Application Procedure

The application process for the SARB Bursary provides two submission options. The application methods are discussed below:

• Online Application: You can apply for the bursary online by filling out the application form on the TTI Bursary platform. This is an easy and quick way to submit your application online.
• Download and Complete Application Form: If you prefer, you can download the application form in PDF format, fill it out manually, and then submit it along with your supporting documents.
• Once your application is completed, you can submit it either by email or post:
  • Send your completed application form and documents to the provided email address: [email protected].
  • Mail your completed form and documents to the given postal address:
  • Dimpho Nkoana, POSTNET, Suite 101, Private Bag X153, Bryanston 2021.

Along with your online, emailed, or posted application, make sure to submit clear copies of the following documents:

• Certified copy of ID document.
• If you are currently in Matric, include your certified copy of Matric June’s result.
• If you have completed Matric, include your certified copy of Matric’s final results/certificate.
• Include proof of acceptance or provisional acceptance at a university for the 2025 academic year (on the institution’s letterhead, with your student number).
• A motivational essay (approximately 250 words) to support your application.

Closing Date: 30 September 2024

Ending Lines

In conclusion, apply for the SARB Bursary for the 2025 academic year to secure financial assistance for your studies. You can apply for it either through an online platform or by emailing the application form and required documents. Apply for the bursary before the deadline to ensure that your application is considered for the 2025 academic year.