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South Africa’s central bank, the South African Reserve Bank, is offering bursaries to top performers who are currently in Grade 12 or those who recently matriculated. 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. This includes, for example, Economics, Information Technology, Finance, Law and Accounting, and excludes, for example, Medicine, Dentistry and Social Work.The bursary is intended for undergraduate studies at a South African university on a full-time basis. A bursary will be granted from the first academic year and reviewed annually. Bursary holders need not reapply for the bursary each year.
Criteria for awarding bursaries for 2019
Over and above the criteria set out above, the following will be used as guidelines in the awarding of bursaries:
Bursaries will be awarded to students who obtain 60 per cent in the June Matric/Grade 12 examinations. Final awarding of a Bank bursary is subject to a student’s final Matric/Grade 12 results and enrolment acceptance at a South African university.
Bursaries will be awarded to South African citizens only.
The total number of students and related bursary costs will be reviewed annually.
An annual one-off payment for books, accommodation (university accommodation only) and tuition fees will be made to a student.
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 for a period equal to their bursary period, 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.
The Bank will provide students who are Bank bursary holders vacation work opportunities that are funded by the Bank.
Bursary holders will be required to submit their examination results before 31 December of each year, regardless of whether or not they will be awarded a bursary for the following year.
Potential bursary students will be required to avail themselves to be interviewed and to be tested. Successful applicants(s) for the bursary will be expected to sign an agreement with the Bank.
Closing Date: 30 September 2015
How to Apply for South African Reserve Bank Bursaries 2019 in Various Fields
The application form has further details on how to apply (download here).
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.
Completed application forms must be emailed to: [email protected]
Or posted to:
Mr John Legoete
P.O. Box 30632
If you meet the minimum eligibility criteria as mentioned above, you should apply online for South African Reserve Bank Bursary Scheme 2019. The Reserve Bank of South Africa is offering the Bursaries for 2019 in various fields, so you should avail these Bursary Opportunities to get financial support during your study.
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