South African Reserve Bank External Bursary 2024

South African citizens with the necessary qualifications are invited to apply for the South African Reserve Bank External Bursary (SARB) for the academic year 2023/2024. Candidates who are undergraduates are eligible for this program.

This Partial Funding program is an opportunity awarded to qualified South African Undergraduates students. This program is sponsored by South African Reserve Bank. The SARB, as part of addressing the severe shortage of skills in South Africa, provides scholarships and bursaries to students in relevant fields of study who are from disadvantaged backgrounds. This program is aimed at supporting bright students to complete their tertiary education.

The South African Reserve Bank (SARB) is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the “Currency and Bank Act of 10 August 1920”, as a direct result of the abnormal monetary and financial conditions which World War I had brought. The SARB was only the fourth central bank established outside the United Kingdom and Europe, the others being the United States, Japan and Java. The earliest suggestions for the establishment of the Central Bank in South Africa date back to 1879. A select committee, of ten members of Parliament, was established on 31 March 1920 to examine the benefits to the national interest of the establishing of the central bank.

Scholarship Summary:

Scholarship Sponsor(s): South African Reserve Bank

Scholarship Type: Partial Funding

Host Institution(s): Not specified

Scholarship Worth: Not specified

Number of Awards: Several

Study Level: Undergraduate

Nationality: South Africans

Requirement and Eligibility Criteria for South African Reserve Bank External Bursary 2023:

Bursaries will be awarded to qualifying bursary applicants who obtained an average of at least 70 percent in the June Matric/Grade 12 examinations with final awarding subject to final results and enrollment acceptance at a South African university.
Bursaries will be awarded to South African citizens only.
Only students who do not have the financial means of attending university would be considered for a bursary.

Application Procedures for the 2023/2024 South African Reserve Bank External Bursary (how to apply):

Interested candidates can choose to submit an online application by the application deadline for the South African Reserve Bank External Bursary. Along with the application form, candidates may also send their exam results, documentation of their admittance into a recognized institution (student number), and any additional supporting papers. Send your application by mail to: