SARB launches 2027 bursary for disadvantaged students
The South African Reserve Bank has opened applications for its 2027 External Bursary Scheme, targeting academically strong students from disadvantaged backgrounds. The initiative aims to address critical skills shortages in South Africa.
Investing in national skills
The South African Reserve Bank (SARB) is central to the nation's economic well-being, tasked with maintaining price and financial stability.
Its extensive mandate includes regulating the financial sector, managing interest rates, and ensuring the stability of both the banking system and the broader financial landscape.
The SARB also oversees the design and distribution of banknotes and coin, alongside setting cash reserve requirements for banks.
In a strategic effort to address the severe shortage of critical skills in South Africa, the SARB provides scholarships and bursaries.
This External Bursary Scheme specifically supports students from disadvantaged backgrounds who are pursuing undergraduate degrees in fields relevant to the Bank's diverse functions.
This initiative underscores the SARB's commitment to fostering local talent and building a robust pipeline of skilled professionals essential for the country's economic future.
The scheme is a key component of the SARB's corporate social initiatives, aiming to empower individuals to contribute meaningfully to the national economy.
Eligibility and application process
To qualify for the SARB External Bursary Scheme, applicants must secure provisional acceptance into an undergraduate degree at a South African university.
A minimum average of 70% in June Grade 12/Matric examinations is required, with final bursary awards subject to matriculation results.
Candidates must also be under 30 years old and demonstrate financial need.
The application deadline is Wednesday, 30 September 2026; late submissions are not accepted.
Required documents, including exam results and proof of acceptance, must be submitted with PROMO CODE: SARBEXT2027. Submissions are accepted via post, email, or the online portal.
Successful candidates will be interviewed and sign an agreement with the SARB.
More than just a bursary
The scheme is a direct investment in human capital, crucial for a developing economy facing skills gaps.
While seemingly a small part of SARB's overall mandate, its long-term impact on economic capacity and diversity of talent is significant.
This targeted approach ensures future leadership in critical financial sectors, reinforcing the central bank's broader stability objectives.