2013 South African Reserve Bank bursary scheme(for Undergraduate South African Students)

2013 South African Reserve Bank bursary scheme(for Undergraduate South African Students)
Deadline: September 30 2013

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

The studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank. (For more information on the Bank, visit the Bank’s website:www.reservebank.co.za). This includes, for example, Economics, Information Technology, Finance, Law and Accounting, and excludes, for example, Medicine, Dentistry and Social Work.

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

Over and above the criteria set out in paragraphs 1 to 3 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.

4. Post-bursary obligations

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.

CHECKLIST OF DOCUMENTS/ITEMS TO BE INCLUDED WITH YOUR APPLICATION FORM:

• A certified copy of your June (current year) matric results or certified copy of Matric results if completed before current year.
• Proof of enrolment at a recognised institution
• An essay of 250 words to motivate your case.
• A certified copy of your South African ID
SELECTION CRITERIA

• South African Citizen
• Younger than 30 years old
• Average pass mark of 60%

How to apply

The closing date for submission of applications shall be 30 September 2013.

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:

SARB-Bursaryapplications@resbank.co.za

Or posted to:

Ms Vinessa Naidoo

Human Resources Department

South African Reserve Bank

370 Church Street

PRETORIA

0001

Submission of examination results by bursary holders

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.
Bursary agreement
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.
Download the Following Application Forms: