Reserve Bank Profile
The Reserve Bank is a well-known establishment that is based in the country of South Africa. As a fully-functioning bank, the establishment heavily involves themselves in the socio-economic development of the nation. Moreover, with assets like their, the Reserve Bank holds full responsibility of maintaining the levels of financial stability as well. Overall, some of the responsibilities held by the Reserve Bank includes:
- Taking proper supervision of the banking department
- Managing all of the nation’s assets (e.g. gold)
- Producing and issuing coins and banknotes
- Creating policies that have to do with controlling the monetary policies
- Tending the the country’s payment system.
About Reserve Bank Bursaries 2020
The South African Reserve Bank Bursaries is a programme offered to South African individuals who need financial assistance to continue their education. The Bank has always take note of the current ongoing situations within the local society. As of now, there is an on-going issue where people coming from underprivileged groups do not have the financial resources to access the necessary working skills and attain the proper education. Therefore, the purpose behind the Reserve Bank Bursaries is to allow everyone coming from the lower middle class demographic to reach their educational qualification without having to experience any financial burden.
The bursary programme is only offered to full-time students who are attaining their education in a recognized South African university. Typically, the programme caters to students who are interested in the fields of Economics, Information Technology, Finance, Actuarial Sciences, Law, Mathematical Statistics, and Accounting. Opportunities will be mainly allocated to students who are currently in the first year of their studies. Once granted, their bursaries will be reviewed by the committee on a yearly basis, so there is no need for manual renewal.
Upon completion of the bursary programme, the Bank also provides a guarantee for their grantees to participate in fully-funded vacation work activities. Since the vacation work in an obligatory part of the programme, all candidates must take part in it in order to maintain their bursary. Additionally, grantees must also work for the Bank upon graduation from university. Should they refuse to carry out their post-bursary responsibilities, grantees must repay the full cost of the bursary scheme to the programme. Find out more about the Bank at the Official Reserve Bank Website.
Reserve Bank Bursary Requirements
The Reserve Bank Bursary extends its arms to anyone who is interested in the field. However, in order to be eligible for the bursary programme, all candidates must be able to meet the qualifications that are determined by the bursary committee. This bursary is only searching for individuals who truly deserve the financial assistance as a means to continue their studies. Therefore, anyone not meeting the qualifications that have been set out below will have lesser chances of acceptance. You can check out for more information at the Official Reserve Bank Website.
The Reserve Bank Bursary Requirements are as follows:
- Must acquire at least 70% scores for the June Matric examinations or Grade 12 examinations
- Must be qualified for enrollment in a recognized South African University
- Must have proof of South African nationality
- Is below the age of 30
- Is currently experiencing personal financial struggles.
How to Apply Reserve Bank Bursary 2020
Before beginning on your applications, all candidates must first visit the Reserve Bank Bursary Registration Website to check the availability status of the bursary programme. To apply for the Reserve Bank Bursary, be sure to download the Official Bursary Application Form to start off. Once you have the application form on file, fill it out with only correct and accurate information. Additionally, make sure that every question in the form is completed – incomplete applications will not be regarded by the bursary programme.
After your application form is all set, it is time to attach necessary documents into your dossier. These necessary documents include:
- A valid letter of acceptance in to a recognized university
- A valid copy of your valid South African Identity Document
- A valid copy of your most recent Matric result slips
- A letter of motivation not more than 250 words.
Application dossiers must be submitter through either E-mail, Fax or Postal Carriage. If you choose to send in via e-mail/fax, simply have to submitted to this provided e-mail address: [email protected] or this fax hotline: +27 86 609 7183. Alternatively, if you feel more comfortable with sending it through Postal Carriage, you can have the dossier sent in to Mr John Legoete, P.O. Box 30632, BRAAMFONTEIN, 2017.
Submission must be done on every 30 September on each year. After being shorlisted after the administrative phase, selected candidates will be subject to an interview held by the committee. Once you have been successfully accepted by the bursary programme, you will be subject to an agreement with the establishment and you will have to keep reporting your academic progress but constantly submitting your examination results way before December 31st of each year.
Reserve Bank Contact Address
370 Helen Joseph Street, Pretoria, 0002
P.O. Box 427, Pretoria, 0001
Tel: +27 12 313 3911
Fax: 27 12 313 3197
Email: [email protected]
Source: Reserve Bank; Author: Larxsati; Editor: Melisa; Picture: resbank.co.za.