South African Reserve Bank External Bursary Scheme: Empowering Future Leaders
DEADLINE: 30 September 2025
The South African Reserve Bank (SARB), in collaboration with TTI Bursary Management, offers an External Bursary Scheme designed to support promising students pursuing undergraduate studies. This initiative is a testament to SARB’s commitment to fostering a skilled workforce and contributing to the nation’s economic stability.
Understanding the South African Reserve Bank’s Role
The South African Reserve Bank plays a crucial role in the country’s economic landscape. Its primary mandate includes maintaining price and financial stability, regulating the financial sector, managing interest rates, and ensuring the overall stability of the banking system. By offering this bursary scheme, the SARB aims to cultivate talent that will eventually contribute to these vital functions and address skills shortages within South Africa.
Purpose of the Bursary Scheme
The core purpose of the SARB External Bursary Scheme is to address the shortage of critical skills in South Africa. It achieves this by providing scholarships and bursaries to deserving students, particularly those from disadvantaged backgrounds, who are pursuing studies in fields relevant to the bank’s operations and the broader financial sector. This strategic investment in education helps build a pipeline of qualified professionals for the future.
Eligibility Criteria for Applicants
To be considered for this prestigious bursary, applicants must meet specific criteria:
- Academic Standing: Candidates must have achieved an average pass mark of 70% in their June Grade 12/Matric examinations. It’s important to note that the final awarding of the bursary is contingent upon their final Matric results.
- University Acceptance: Applicants must have provisional acceptance into an undergraduate degree program at a recognized South African university.
- Age Requirement: Applicants must be younger than 30 years of age at the time of application.
- Financial Need: Demonstrable financial need is a key requirement for eligibility.
Application Process and Important Dates
Prospective students interested in the SARB External Bursary Scheme should be aware of the following:
- Application Deadline: The application window for the bursary closes on Tuesday, 30 September 2025. It is crucial to submit all required documents before this date.
- Required Documents: Applicants will need to submit various supporting documents, including their examination results and proof of acceptance at a recognized tertiary institution.
- Submission Methods: Applications can be submitted through multiple channels: by post, via email to sarbbursary@ttibursaries.co.za, or through the online application portal. When applying online, remember to use the PROMO CODE: SARB2026.
- APPLY ONLINE HERE
Selection and Agreement
After the application submission, potential bursars will undergo an interview process. Successful applicants will then enter into a formal agreement with the South African Reserve Bank, outlining the terms and conditions of the bursary.
Role of TTI Bursary Management
The administration and management of the SARB External Bursary Scheme are handled by TTI Bursary Management. This firm specializes in facilitating bursaries and learnerships for large enterprises, ensuring a streamlined and efficient application and selection process for the SARB.
The South African Reserve Bank’s External Bursary Scheme represents a significant opportunity for academically strong and financially needy students to pursue their higher education dreams and contribute to the economic development of South Africa.
Also Check: Moshal Program: Your Path to Higher Education and a Brighter Future in South Africa
