South African Reserve Bank bursary scheme administered by Career Wise

Here at Career Wise we have a number of fantastic bursary schemes covering a range of disciplines. For each scheme, we work closely with our clients to ensure we recruit the best candidates and we provide ongoing support to our students to make sure they thrive at university.

This blog post will look specifically at the South African Reserve Bank bursary scheme administered by Career Wise and give you the low-down on how to get ahead with South Africa’s biggest financial institution.

South African Reserve Bank bursary scheme administered by Career Wise

Established in 1921 as part of the Currency and Banking Act, the South African Reserve Bank (SARB) is mandated to “achieve and maintain price stability in the interest of balanced and sustainable economic growth in South Africa”. Entrusted with the overarching monetary policy goal of containing inflation, the primary function of the SARB is to protect the value of the Rand by ensuring that our money, banking and financial system as a whole is sound.

Confused? Don’t worry if that explanation doesn’t quite make sense, it can be difficult to get your head around. Simply put, the SARB is the bank that the government and commercial banks use (just like we use our own favourite bank, except it doesn’t have ATMs or online banking). The SARB also controls the amount and supply of money in the economy and ensures the price of your favourite chocolate bar stays within your budget. If you’re curious to learn more, check out this link (The role of the South African Reserve Bank in the economy).

The other great thing the SARB does is offer bursaries to talented young learners like you who have a passion for commerce related subjects.If you’re in Grade 12 and thinking of studying one of the following disciplines, then this is the bursary for you:

• Economics
• Accounting
• Law
• Business Science
• Actuarial Science

The application process is quite rigorous (it is the biggest bank in the country, after all!) and it’s important that you meet the selection criteria before you think about submitting an application. If you’re a South African citizen under the age of 30 and you’re achieving an average pass mark of 70% then we want to hear from you.

South African Reserve Bank bursary scheme application process

It’s very important that you have already applied and received provisional acceptance at a recognised institution for one of the relevant disciplines. See our first blog post (LINK) if you missed, to get some help with that process.

Now that you know what you’re going to study and where, the first step is to visit our Corporate Bursaries page and carefully read the details relating to the SARB bursary, taking special note of the employment obligation and other useful info. Next you need to go to the SARB application page, where you can download the application form.
It’s very important that you fill the form out in full and include all the necessary documentation, including a certified copy of your latest Grade 12 results. You will also need to complete a 250-word essay to motivate your application. That’s your chance to tell us why you should be selected for this prestigious bursary scheme so don’t hold back, tell us how awesome you are!

Once you’ve filled out the form, written an amazing essay and sorted out all your documents, send them to us via the contact details on the application form. If you have any queries, the contact person here at Career Wise is Mr John Legoete. And most importantly, applications for the SARB bursary close on the 30^th of September 2017! So don’t delay, send us your application now and take a huge step towards success!

You can find out more with Career Wise bursaries and scholarships.