The South African Reserve Bank (SARB) is providing an exciting opportunity for South African students seeking financial assistance for their higher education in 2025. The South African Reserve Bank Bursary programme is now open for applications.
This bursary program is a golden chance for students from disadvantaged backgrounds to achieve their academic goals while contributing to the growth and stability of the South African financial system. The SARB bursary scheme aims to support the development of skilled individuals in key sectors essential for economic progress.
What the South African Reserve Bank Does
The SARB is the central bank of South Africa, playing a vital role in maintaining price stability and safeguarding the financial system. It oversees the regulation of the financial sector, designs and distributes banknotes and coins, manages interest rates, and sets cash reserve requirements for banks. In addition, SARB works to ensure the overall stability of the banking sector and the financial system.
Because the SARB’s functions are integral to South Africa’s economic well-being, the bursaries it offers are specifically aimed at students pursuing studies in fields that will help maintain and enhance these critical activities.
Fields of Study Supported by the South African Reserve Bank Bursary
While the bursary is not limited to any specific fields, SARB encourages students to pursue courses related to the Reserve Bank’s activities, including:
- Economics
- Finance
- Accounting
- Law
- Risk Management
- Information Technology
- Mathematical Sciences
- Statistics
- Actuarial Sciences
Bursary Purpose and Benefits
The purpose of the SARB bursary is to address the shortage of skills in South Africa, particularly in the financial and economic sectors. By offering financial aid to students who demonstrate academic potential and financial need, the SARB hopes to empower a new generation of professionals who can contribute to the nation’s economic stability.
Successful applicants will receive funding to cover the following:
- Tuition fees at a recognized South African university.
- Accommodation costs (if the student lives away from home).
- Textbooks and study materials.
Who Can Apply?
To qualify for the SARB bursary, applicants must meet the following criteria:
1. Provisional Acceptance
Students must have provisional acceptance into a full-time undergraduate degree at a recognized South African university. This is a critical requirement, as the bursary only covers students who are embarking on their studies for the first time.
2. Academic Achievement
Applicants must have obtained an average pass mark of 70% in their June Grade 12/Matric examinations. The final awarding of the bursary will depend on the student’s final matric results, ensuring that only academically deserving students receive the funds.
3. Age Requirement
Applicants must be younger than 30 years of age by the time of their application. This age restriction ensures that the bursary targets young individuals who are in the early stages of their academic and professional careers.
4. Financial Need
The bursary is aimed at students who are in financial need. Applicants must demonstrate that they would not be able to afford university education without the bursary. Financial need will be assessed based on the applicant’s personal circumstances.
Application Process for the SARB Bursary 2025
Students who wish to apply for the SARB bursary must submit their applications before the closing date of Monday, 30 September 2024. Late applications will not be considered, so it is crucial to ensure that all documents are submitted on time.
Here is a step-by-step guide to applying:
1. Gather Required Documents
Applicants must include the following documents with their application:
- June Grade 12/Matric examination results.
- Proof of provisional acceptance at a recognized university (including a student number).
- Any other supporting documents that provide evidence of the student’s financial need.
2. Submit the Application
Once all documents are in order, applicants can submit their applications via post, email, or online:
- Post: Send your application to
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021 - Email: Email your application to
sarbbursary@ttibursaries.co.za - Online: Complete the application form online at
https://ttibursaries.co.za/students/
Remember to include the PROMO CODE: SARB2025 when submitting your application, whether by post, email, or online.
Bursary Agreement
Successful applicants will be required to attend an interview before the final selection is made. If selected, bursary recipients must sign an agreement with the SARB, outlining the terms and conditions of the bursary.
This agreement will detail the student’s obligations, which may include maintaining a specific academic performance, completing their degree within a specified time, and possibly committing to work for the SARB after graduation.
Why Apply for the SARB Bursary?
The SARB bursary offers students more than just financial assistance. It provides an opportunity to gain a quality education in fields that are vital to the country’s economic infrastructure. By aligning their studies with the SARB’s core functions, students can contribute to the nation’s financial stability and economic growth upon graduation.
Furthermore, the bursary opens doors to potential future employment with the SARB or other institutions in South Africa’s financial sector, providing a solid foundation for a successful and rewarding career.
Related: SANSOR Post graduate bursaries 2025
The South African Reserve Bank’s bursary program is a valuable opportunity for students from disadvantaged backgrounds to further their education and pursue careers in fields that are crucial to South Africa’s economy. By offering financial aid, SARB ensures that talented young individuals can contribute to the country’s financial stability and long-term economic growth.
If you meet the eligibility requirements and are passionate about pursuing a career in finance, economics, or a related field, don’t miss this chance to apply for the SARB Bursaries for 2025. Be sure to submit your application before the deadline on , and take the first step toward a brighter future!