The South African Reserve Bank (SARB) has officially opened applications for its External Bursary Scheme 2027, offering financial assistance to academically deserving students who plan to pursue undergraduate studies at a recognized South African university. Learn more about who can apply for the South African Reserve Bank External Bursary Scheme 2027, eligibility requirements, application and selection process on this article.
As one of South Africa’s most important financial institutions, the SARB plays a critical role in maintaining price stability, regulating the financial sector, managing interest rates, and safeguarding the country’s financial system. Through its External Bursary Scheme, the Bank aims to support young South Africans from disadvantaged backgrounds who have the potential to succeed in higher education but lack the financial means to do so.
About the South African Reserve Bank
The South African Reserve Bank serves the economic well-being of all South Africans by maintaining price stability and financial stability. The institution is responsible for regulating the country’s financial sector, overseeing the banking system, designing and distributing banknotes and coins, and ensuring the overall stability of South Africa’s financial system.
As part of its commitment to skills development and education, the SARB invests in young people through scholarships and bursaries that help address critical skills shortages in South Africa.
Purpose of the Bursary
The SARB External Bursary Scheme was established to provide financial support to talented students who would otherwise struggle to afford university education.
The bursary supports undergraduate studies in fields that have relevance to the functions and activities of the South African Reserve Bank. However, the programme is not limited to a specific list of qualifications, allowing students from various academic disciplines to apply provided their studies align with the broader objectives of the institution.
The initiative forms part of the SARB’s broader commitment to developing future professionals who can contribute to South Africa’s economic growth and development.
Who Can Apply for the South African Reserve Bank External Bursary Scheme 2027?
Students wishing to apply for the SARB External Bursary Scheme 2027 must meet the following requirements:
- Have provisional acceptance into an undergraduate degree at a South African university.
- Have achieved an average mark of at least 70% in the June Grade 12 examinations.
- Be younger than 30 years old.
- Demonstrate financial need and be unable to afford university studies without financial assistance.
The final awarding of bursaries will be subject to the applicant’s final matric results.
Fields of Study
The SARB encourages applications from students whose intended studies have relevance to the Bank’s operations and the broader financial sector.
Potential fields may include:
- Economics
- Finance
- Accounting
- Statistics
- Mathematics
- Information Technology
- Data Science
- Law
- Risk Management
- Actuarial Science
- Commerce-related qualifications
Students pursuing other relevant fields may also be considered.
Benefits of the SARB Bursary
Being awarded a SARB bursary can provide significant relief to students and their families by helping cover the costs associated with higher education.
Some benefits may include:
- Financial support for undergraduate studies
- Reduced financial pressure on families
- Access to quality higher education opportunities
- Association with one of South Africa’s most respected institutions
- Improved career prospects after graduation
For many students, bursaries such as this one provide a pathway to achieving their academic and professional goals.
RELATED: Nedbank External Bursary Programme 2027 Applications Are Now Open
Required Supporting Documents
Applicants should prepare the following documents before applying:
- Grade 12 June examination results
- Proof of provisional acceptance from a recognized South African university
- Student number issued by the institution
- Certified copy of identification document
- Any other supporting documents requested during the application process.
Incomplete applications may not be considered.
How to Apply
Applications must be submitted before the closing date.
Important Details
Closing Date: 30 September 2026
Promo Code: SARBEXT2027
Online Application
https://sarb-bursary-manager.replit.app/
Email Applications
sarbbursary@ttibursaries.co.za
Postal Applications
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021
Applicants are encouraged to submit their applications as early as possible to avoid missing the deadline. Late applications will not be considered.
Selection Process
Shortlisted candidates may be required to attend interviews as part of the selection process. Successful applicants will be expected to enter into a formal bursary agreement with the South African Reserve Bank.
Meeting the minimum requirements does not guarantee that an applicant will receive funding, as bursaries are awarded based on merit, financial need, and the availability of funding.
Conclusion
The South African Reserve Bank External Bursary Scheme 2027 presents an excellent opportunity for academically talented students who require financial assistance to pursue university studies. With higher education costs continuing to rise, bursaries such as this can make a meaningful difference in helping young South Africans achieve their educational ambitions.
Students who meet the requirements are encouraged to apply before the closing date and ensure that all supporting documents are submitted with their applications. This could be the opportunity that opens the door to a brighter academic and professional future.