Deadline: 30 September 2025
The South African Reserve Bank is now inviting grant applications for the External Bursary Scheme for Undergraduate Studies.
The SARB serves the economic well-being of all South Africans through maintaining price stability and financial stability. It is responsible for regulating the South African financial sector, designing and distributing banknotes and coin, managing interest rates, setting the cash reserve requirement for banks, and ensuring the stability of both the banking sector and the wider financial system.
Purpose
- 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.
- In support of the corporate social initiatives of the SARB and its External Bursary Scheme, a number of external scholarships and bursaries are made available annually to qualifying prospective undergraduates.
Eligibility Criteria
- For students to be considered for the bursary, they must meet the following requirements:
- Have provisional acceptance into an undergraduate degree at a South African university;
- Have achieved an average pass mark of 70% in the June Grade 12/Matric examinations, with the final awarding of the bursary subject to final results;
- Be younger than 30 years of age;
- Be in financial need (unable to afford to attend university without a bursary).
For more information, visit SARB.
