South African Reserve Bank External Bursary Scheme for Undergraduate Studies 2025
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The South African Reserve Bank
(SARB) offers an exceptional opportunity for aspiring students through its
External Bursary Scheme for Undergraduate Studies 2025. This initiative is
designed to support talented young South Africans who are eager to pursue higher
education but may lack the financial means to do so. Here’s a comprehensive
guide on the bursary scheme, including details about the provider, the purpose
of the bursary, eligibility requirements, the application process, necessary
documents, closing date, and contact information.
Bursary Provider: South African Reserve Bank (SARB)
The South African Reserve Bank
(SARB) is crucial for keeping South Africa's economy stable. Established in
1921, SARB is the country's main bank, making big decisions about money and how
the economy works. Its main job is to make sure that South Africa's financial
system stays strong and safe, which is really important for the country's economy
to grow steadily. Besides looking after the economy, SARB also plays a key role
in keeping prices stable. This helps to create a balanced economy where growth
can happen smoothly over time. By managing things like inflation (how prices
rise) and other economic signs, SARB tries to make sure the money people use
keeps its value. This helps people feel confident about spending money and keeps
the economy resilient.
Along with these main tasks, SARB
cares deeply about helping South Africa grow as a country. It shows this by
doing things like giving bursaries to deserving students. These bursaries
aren't just about money; they're investments in educating smart and skilled
people who will help shape South Africa's future. The SARB External Bursary
Scheme focuses on talented students from different backgrounds who show great
academic promise in fields important for banking and finance. By supporting
these students during their university studies, SARB not only helps them reach
their educational goals but also prepares them to become leaders who can bring
new ideas, economic stability, and fairness to the nation. Through its bursary
programs, SARB isn't just doing its job as a central bank; it's actively
changing South Africa's social and economic landscape. By investing in
education and the skills of people, SARB supports the country's goals of
creating a sustainable future, reducing inequality, and helping everyone in
society have better opportunities. This shows that SARB is committed to
building a successful and fair future for all South Africans.
Purpose of the Bursary
The SARB External Bursary Scheme
aims to:
- Provide financial assistance to
academically deserving students from disadvantaged backgrounds.
- Encourage and support studies
in fields that are critical to the banking sector and the broader economy.
- Develop a pool of well-educated
individuals who can contribute to the economic and financial stability of South
Africa.
Fields of Study
The South African Reserve Bank
(SARB) is inviting prospective undergraduate students to apply for competitive
bursaries in fields such as economics, economics and econometrics, economics
and mathematical statistics, and economic science.
Eligibility Requirements
To qualify for the SARB External
Bursary Scheme, applicants must meet the following criteria:
- Have provisional acceptance
into an undergraduate degree program at a recognized South African university.
- Achieved an average pass mark
of 70% in the June Grade 12/Matric examinations, with the final awarding of the
bursary contingent upon the final exam results.
- Be younger than 30 years old.
- Demonstrate financial need,
indicating an inability to afford university attendance without the bursary.
How to Apply
Interested applicants must follow
these steps to apply for the SARB External Bursary Scheme:
Along with your application,
ensure you include:
- Examination results
- Proof of acceptance at a
recognized institution (student number)
- Any other required supporting
documents
Use PROMO CODE: SARB2025 when
submitting your application.
You can submit your application via: Application form.
- Postal address:
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021
- Email:
sarbbursary@ttibursaries.co.za
- Online applications: Click here to apply.
This ensures your application is
properly processed and considered for the South African Reserve Bank External
Bursary Scheme for Undergraduate Studies 2025.
Documents Required
Applicants must submit the
following documents along with their application form:
For applicants currently in
matric:
- A certified copy of your June
matriculation results.
For applicants who have completed
matric:
- A certified copy of your final
matriculation results.
- Evidence of acceptance into a
recognized tertiary institution.
- A 250-word essay explaining
your motivation for applying (refer to page 4 of this form).
- A certified copy of your South
African identity document (ID).
Closing Date
All applications need to be
submitted by Monday, 30 September 2024. It's important to adhere to this
deadline because any applications received after this date will not be accepted
or considered. This deadline ensures that all applicants have an equal opportunity
to be reviewed and considered fairly for the bursary scheme. Therefore,
prospective applicants should carefully plan and complete their applications
well in advance to avoid missing this crucial cut-off date.
Contact Details
For any inquiries or additional
information regarding the SARB External Bursary Scheme, applicants can use the
following contact details:
South African Reserve Bank
Bursary Office
- Website: https://www.resbank.co.za/en/home/publications/bursaries
- Phone: 0861 12 7272
- Postal Address:
370 Helen Joseph Street
Pretoria
0002
PO BO 427
Pretoria
0001
South Africa
The South African Reserve Bank
External Bursary Scheme for Undergraduate Studies 2025 offers a substantial
chance for young South Africans to advance their education and make meaningful
contributions to the nation's economic and financial sectors. This initiative
underscores SARB's commitment to investing in the future by offering financial
assistance to capable and deserving students. By supporting these individuals,
SARB not only helps them achieve their academic goals but also plays a vital
role in the overall advancement of South Africa.
Prospective applicants are urged to meticulously prepare their applications and ensure timely submission before the closing date. This ensures they maximize their chances of securing this valuable opportunity, which can pave the way for personal growth and future success while contributing positively to the nation's development goals.
