Reserve Bank: Student Bursary programme 2021
The South African Reserve Bank (the Bank), as part of addressing the severe shortage of skills in South Africa, provides bursaries to students in relevant fields of study who are from disadvantaged backgrounds. 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.
The bursary is intended for undergraduate studies at a South African university on a full-time basis.
Studies for which bursaries will be granted
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.
Criteria for awarding bursaries
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 after completion of their studies, 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.
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