The South African Reserve Bank Bursary Scheme
Organisation
South African Reserve Bank
Description
The South African Reserve Bank (the Bank) provides bursaries to students in relevant fields of study who are from disadvantaged backgrounds. These bursaries are made available annually to needy qualifying Grade 12 pupils to embark on full-time studies. These includes, for example; Economics, Actuarial Sciences, Mathematical Statistics, Information Technology, Finance, Law and Accounting, but also includes 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. The Bank will provide students who are Bank bursary holders, vacation work opportunities that are funded by the Bank.
Bursary Fields
Accounting,
Actuarial Science,
Economics,
Finance,
Information Technology,
Law,
Social Work
Who Can Apply
Matrics must obtain a 70% average mark in the their June Grade 12 examinations to be considered, and must maintain that standard in their final exams. Only students who are South African citizens and who would not have the means of attending university, had it not been for a bursary, would be considered.
Bursary Levels
School leavers (Year 12)
Which Countries can Apply?
South Africa
Value
Students accepted into the scheme will be fully funded, including for their accommodation and sundry expenses. In return they must be willing to work for the Bank on a first-right-of-refusal basis; if offered a job and they turn it down, they will have to repay the cost of the bursary.
Service Contract
A bursary will be granted from the first academic year and reviewed annually. Bursary holders need not reapply for the bursary each year. The total number of students and related bursary costs will be reviewed annually. The Bank will provide students who are Bank bursary holders, vacation work opportunities that are funded by the Bank.
Closing Date
30 September 2025
Contact Details
South African Reserve Bank, Cape Town, South Africa
Application Address
https://www.resbank.co.za/en/home/publications/publication-detail-pages/bursary/2019/5068
