South Africa’s central bank, the South African Reserve Bank, is offering bursaries to top performers who are currently in Grade 12 or those who recently matriculated. The purpose of the bursary scheme is to assist financially needy students who obtain good results in Matric/Grade 12 and who want to study in fields relevant to the Bank. This includes, for example, Economics, Information Technology, Finance, Law and Accounting, and excludes, for example, Medicine, Dentistry and Social Work.
The bursary is intended for undergraduate studies at a South African university on a full-time basis. A bursary will be granted from the first academic year and reviewed annually. Bursary holders need not reapply for the bursary each year.
Criteria for awarding bursaries
Over and above the criteria set out above, the following will be used as guidelines in the awarding of bursaries:
- Bursaries will be awarded to students who obtain 60 per cent in the June Matric/Grade 12 examinations. Final awarding of a Bank bursary is subject to a student’s final Matric/Grade 12 results and enrolment acceptance at a South African university.
- Bursaries will be awarded to South African citizens only.
- The total number of students and related bursary costs will be reviewed annually.
- An annual one-off payment for books, accommodation (university accommodation only) and tuition fees will be made to a student.
The Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the Bank for a period equal to their bursary period, unless the Bank chooses not to employ them. Students who choose not to work for the Bank despite the Bank offering them a position after completing their studies will be required to pay the full cost of the bursary back to the Bank.
The Bank will provide students who are Bank bursary holders vacation work opportunities that are funded by the Bank.
Bursary holders will be required to submit their examination results before 31 December of each year, regardless of whether or not they will be awarded a bursary for the following year.
Potential bursary students will be required to avail themselves to be interviewed and to be tested. Successful applicants(s) for the bursary will be expected to sign an agreement with the Bank.
How to apply
Applications close on 30 September 2017. The application form has further details on how to apply (download here).
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.
Completed application forms must be emailed to: firstname.lastname@example.org
Or posted to:
Mr John Legoete
P.O. Box 30632