South African Reserve Bank External Bursary Scheme 2026
The South African Reserve Bank (SARB) is offering its External Bursary Scheme for the 2026 academic year. This program aims to support aspiring economists in South Africa by providing financial assistance for undergraduate studies. The SARB plays a critical role in maintaining economic well-being through price and financial stability, regulating the financial sector, and managing interest rates.
This bursary is designed to address a significant skills shortage in South Africa, particularly in fields related to economics. By supporting students from disadvantaged backgrounds, the SARB hopes to foster future leaders in economic research and policy. The scheme specifically targets students pursuing degrees in economics, economics and econometrics, economics and mathematical statistics, and economic science.
Bursary Purpose and Goals
The primary goal of the SARB External Bursary Scheme is to cultivate talent within South Africa’s economic sector. Recognizing a shortage of skilled professionals, the SARB invests in students who show academic promise and financial need. This initiative aligns with the bank’s corporate social responsibility efforts, aiming to provide opportunities for individuals who might otherwise be unable to pursue higher education.
The bursaries are made available annually to qualifying prospective undergraduates. The SARB’s Economic Research Department, in partnership with the SARB Academy, manages this program. It is a competitive process, seeking to identify and support students who will contribute to the country’s economic development.
Eligibility Requirements
To be considered for the South African Reserve Bank External Bursary Scheme, applicants must meet several key criteria. These requirements ensure that the bursaries are awarded to deserving candidates who have the potential to succeed in their chosen fields and who genuinely require financial support.
Academic Standing
Applicants must have provisional acceptance into an undergraduate degree program focused on economics. A strong academic record is essential, with applicants needing to have achieved an average pass mark of at least 70% in their current year of study. Furthermore, a good command of both English and Mathematics is required, with a minimum mark of 70% in Mathematics.
Age and Financial Need
Beyond academic achievements, there are age and financial considerations. Applicants must be younger than 30 years of age. Crucially, candidates must demonstrate financial need, meaning they are unable to afford university without the assistance of a bursary. This criterion ensures that the support reaches those who need it most.
Application Process
The application period for the 2026 SARB External Bursary Scheme is now open, with a strict deadline for submissions. Prospective students are advised to gather all necessary documents and submit their applications well in advance of the closing date to avoid any last-minute issues.
Application Deadline
The final date for submitting applications is Wednesday, September 30, 2026. Any applications received after this date will not be considered. It is important for applicants to be aware of this deadline and plan their submission accordingly.
Required Documentation
When submitting an application, candidates must include their examination results and proof of acceptance into a recognized tertiary institution, which should include a student number. Any other supporting documents that may strengthen the application should also be provided. Applicants should use the PROMO CODE: SARBERD27 when submitting their application.
Submission Methods
Applications can be submitted through several channels. Applicants can choose to send their documents by post to:
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021
Alternatively, applications can be submitted via email to [email protected]. For those who prefer an online approach, applications can also be completed through the dedicated online portal at https://sarb-bursary-manager.replit.app/.
Bursary Agreement
Successful applicants for the SARB External Bursary Scheme will be required to participate in interviews as part of the selection process. Those who are ultimately awarded the bursary will be expected to sign a formal agreement with the South African Reserve Bank. This agreement outlines the terms and conditions of the bursary, including any post-graduation commitments.
Frequently Asked Questions
What is the South African Reserve Bank External Bursary Scheme?
It’s a program by the SARB to financially help students in South Africa who want to study economics at the undergraduate level.
Who is eligible for this bursary?
You need provisional acceptance into an economics-related degree, a strong academic record (70% average, 70% in Math), be under 30, and show financial need.
What is the deadline to apply for the 2026 bursary?
The last day to submit your application is Wednesday, September 30, 2026.
How can I apply for the SARB External Bursary?
You can apply by post, email to [email protected], or through the online portal at https://sarb-bursary-manager.replit.app/, making sure to use the promo code SARBERD27.
