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 from disadvantaged backgrounds who are pursuing undergraduate studies in economics-related fields. The SARB plays a critical role in maintaining South Africa’s economic well-being by focusing on price and financial stability.

This bursary is designed to address a significant shortage of skilled professionals in South Africa. By providing financial assistance, the SARB hopes to encourage more students to enter fields vital to the nation’s economic health. The scheme specifically targets students who demonstrate academic merit and financial need.

Bursary Purpose and Focus

The SARB’s External Bursary Scheme is a key part of its corporate social responsibility initiatives. It aims to cultivate talent in areas where skills are most needed. The bursary supports students who are entering their first year of undergraduate studies in the upcoming academic year.

The program focuses on specific fields of study that are crucial for economic research and policy. These include:

• Economics
• Economics and Econometrics
• Economics and Mathematical Statistics
• Economic Science

By investing in these areas, the SARB contributes to building a stronger economic future for South Africa.

Eligibility Requirements

To be considered for the South African Reserve Bank External Bursary Scheme, applicants must meet several criteria. These requirements ensure that the bursary reaches deserving students who can benefit most from the support.

Academic and Age Criteria

• Provisional Acceptance: Applicants must have provisional acceptance into an undergraduate degree program in economics or a related field at a recognized institution.
• Academic Performance: A minimum average pass mark of 70% in the current year of study is required. Strong performance in English and Mathematics is also essential, with a minimum of 70% in both subjects.
• Age Limit: Candidates must be younger than 30 years of age.

Financial Need

• Demonstrated Need: Applicants must be in financial need, meaning they are unable to afford university education without external financial assistance. This criterion ensures that the bursary supports those who would otherwise be unable to pursue their studies.

Application Process

The application process for the SARB External Bursary Scheme requires careful attention to detail and timely submission. Prospective students must gather all necessary documents and adhere to the application deadline.

Submission Details

• Deadline: The closing date for submitting applications is Wednesday, September 30, 2026. Late applications will not be considered.
• Required Documents: Applicants must submit their examination results, proof of acceptance from a recognized institution (including a student number), and any other supporting documents with their application. A specific promo code, SARBERD27, must be used.

Submission Methods

Applications can be submitted through several channels:

• By Post:
  Dimpho Nkoana
  POSTNET Suite 101
  Private Bag X153
  Bryanston
  2021
• By Email: [email protected]
• Online: Applications can also be submitted online via the SARB bursary manager portal: https://sarb-bursary-manager.replit.app/

Bursary Agreement and Interviews

Successful candidates for the SARB External Bursary Scheme will undergo a selection process that may include interviews. This step allows the SARB to assess candidates more thoroughly and ensure a good fit for the program.

Interview Requirement

Potential bursars will be expected to attend interviews. This provides an opportunity for the SARB to discuss the applicant’s aspirations and suitability for the bursary.

Agreement Terms

Upon successful selection, bursars will be required to sign an official agreement with the South African Reserve Bank. This agreement outlines the terms and conditions of the bursary, including any obligations the bursar may have upon completion of their studies.

Frequently Asked Questions

What is the South African Reserve Bank External Bursary Scheme?

It’s a program by the SARB to help students from disadvantaged backgrounds study economics-related fields for the 2026 academic year.

What fields of study are covered by the bursary?

The bursary covers degrees in Economics, Economics and Econometrics, Economics and Mathematical Statistics, and Economic Science.

What are the main requirements to apply for this bursary?

You need provisional acceptance into a relevant degree, a 70% average, at least 70% in English and Math, be under 30, and demonstrate financial need.

When is the deadline to apply for the SARB External Bursary Scheme?

The application deadline is Wednesday, September 30, 2026. Late applications will not be accepted.