Economics Bursaries in South Africa 2025

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Economics is a cornerstone of development and policymaking in South Africa, providing essential insights into financial systems, resource allocation, and economic growth. For many students aspiring to study Economics, financial constraints can pose a significant challenge. Fortunately, numerous organizations in South Africa offer bursaries to support deserving students in pursuing their academic and professional goals. This article explores notable bursary providers, their requirements, and the opportunities they present for aspiring Economics students.

{Click here to learn about becoming an Economist in SA.}

Key Bursary Providers in South Africa for Economics Students

1. South African Reserve Bank (SARB)

The South African Reserve Bank offers external bursaries to undergraduate students pursuing studies in Economics, Actuarial Sciences, Mathematical Statistics, and related fields. These bursaries are aimed at fostering talent in the fields crucial to the country’s financial stability.

• Eligibility Requirements:
• South African citizenship.
• Enrolment in a recognized South African university.
• Strong academic performance, typically requiring a minimum average of 70%.
• Financial need is often considered.

The SARB bursary not only covers tuition fees but also provides funding for prescribed textbooks, accommodation, and a living allowance.

{Click here to learn about the SARB Bursary.}

2. Genesis Analytics

Genesis Analytics, a leading economic consultancy, offers bursaries to disadvantaged South African students pursuing Honours or Master's degrees in Economics or related fields. This initiative is part of the organization’s commitment to building a pool of highly skilled economists in the country.

• Eligibility Requirements:
• South African citizenship.
• Acceptance into an Honours or Master’s program in Economics or a related discipline.
• Demonstrated financial need and academic merit.
• A strong interest in pursuing a career in economic consulting or policy research.

Recipients of the Genesis Analytics bursary may also have opportunities for internships and mentorship within the organization.

3. National Treasury

The National Treasury provides bursaries to students pursuing fields related to Economics, Finance, and Public Policy. These bursaries are designed to build a robust pipeline of professionals who can contribute to South Africa’s economic governance and fiscal policy development.

• Eligibility Requirements:
• South African citizenship.
• Enrolment in an undergraduate or postgraduate program in a relevant field.
• A minimum academic average of 65% in previous studies.
• Commitment to working in the public sector after graduation as part of the bursary agreement.

The bursary covers tuition fees, textbooks, accommodation, and a living allowance. Additionally, recipients may be required to participate in internships within the Treasury.

4. Investec

Investec, a global financial institution, offers bursaries for students in various fields, including Economics and Finance. The bursary program targets academically exceptional students from disadvantaged backgrounds.

• Eligibility Requirements:
• South African citizenship.
• Acceptance or enrolment at a recognized South African university.
• A minimum academic average of 70%.
• Proven financial need.

Investec’s bursaries often come with the opportunity to join the organization as a graduate trainee upon completion of studies.

{Click here to learn about the Investec Bursary.}

5. Nedbank

Nedbank provides bursaries through its Nedbank External Bursary Fund, supporting students in Economics, Accounting, Finance, and related disciplines. The program is aligned with the bank’s focus on empowering young South Africans.

• Eligibility Requirements:
• South African citizenship.
• Enrolment in an undergraduate or postgraduate program in Economics or a related field.
• Consistently high academic performance.
• Demonstrated financial need.

In addition to financial support, recipients often benefit from mentorship and internship opportunities within Nedbank.

{Click here to learn about the Nedbank Bursary.}

6. First National Bank (FNB)

FNB, one of South Africa’s leading banks, offers bursaries to students pursuing degrees in Economics, Commerce, and related fields. These bursaries are part of the bank’s efforts to nurture talent in the financial sector.

• Eligibility Requirements:
• South African citizenship.
• Acceptance or enrolment in a recognized South African university.
• Strong academic performance, with a preference for averages above 65%.
• Financial need and a passion for economics or commerce.

FNB bursary recipients may also have access to career development programs and potential employment opportunities at the bank.

Additional Bursary Providers

Beyond the prominent organizations mentioned, many other entities in South Africa provide bursaries for Economics students. These include:

1. The Allan Gray Orbis Foundation: Supports students demonstrating entrepreneurial potential and academic excellence, including those pursuing Economics.

1. The Department of Trade, Industry, and Competition (DTIC): Offers funding for students interested in economics and trade policy.
2. Eskom Bursary Scheme: While primarily focused on engineering and sciences, this scheme occasionally supports students in Economics-related fields linked to energy policy.

1. Corporate Foundations: Organizations such as Old Mutual and Liberty often provide bursaries to students in financial disciplines, including Economics.

1. Municipal and Provincial Bursary Programs: Local government initiatives may fund students studying Economics with the aim of addressing regional economic challenges.

Typical Requirements for Economics Bursaries

While specific criteria vary by provider, several common requirements apply to most bursary programs:

1. Academic Excellence:

A strong academic record is a universal prerequisite. Most organizations require a minimum average of 65%-70%, with some demanding even higher performance.

2. South African Citizenship:

Bursaries are generally reserved for South African citizens, emphasizing the need to uplift local talent.

3. Financial Need:

Many bursaries prioritize students from disadvantaged backgrounds. Applicants are often required to submit proof of household income or affidavits to demonstrate financial need.

4. Field of Study:

Applicants must be pursuing degrees in Economics or closely related fields such as Finance, Actuarial Science, or Public Policy.

5. University Enrollment:

Students must be enrolled or accepted into recognized South African universities.

6. Commitment to Service:

Certain bursaries, especially those offered by government departments or state institutions, require recipients to work for the provider after graduation for a specified period.

Application Tips for Economics Bursaries

1. Prepare Early:

Research bursary opportunities well in advance and take note of application deadlines. Most programs open applications mid-year.

2. Tailor Your Application:

Customize your motivation letter to highlight your academic achievements, career aspirations, and alignment with the bursary provider’s mission.

3. Provide Comprehensive Documentation:

Ensure all required documents—such as ID copies, academic transcripts, and proof of financial need—are included in your application.

4. Seek Guidance:

Leverage resources like university financial aid offices and career centers for advice on crafting a strong application.

5. Maintain Academic Excellence:

Consistently high performance not only improves your chances of receiving a bursary but also secures continued funding in multi-year programs.

Economics bursaries in South Africa are a vital resource for students aiming to make a difference in the country’s financial and policy landscape. Organizations such as the South African Reserve Bank, Genesis Analytics, and National Treasury, among others, offer substantial support to deserving candidates. By meeting the eligibility requirements and submitting compelling applications, students can unlock opportunities to advance their education and contribute meaningfully to South Africa’s economic development. With careful preparation and dedication, aspiring economists can secure the financial assistance they need to achieve their academic and professional dreams.