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SARB Scholarship

ABOUT THE SCHOLARSHIP PROVIDER – SARB

The South African Reserve Bank (SARB) is the central bank of South Africa, established in 1921. Its primary objective is to maintain price stability for sustainable economic growth within the country. Before the establishment of SARB, South African commercial banks issued banknotes to the public. SARB’s responsibilities include ensuring the banking, money, and financial systems in South Africa meet community requirements and international standards. They also provide data for macroeconomic policy and offer information on monetary policy and the country’s economic standing to the South African community and international stakeholders.

ABOUT THE SARB SCHOLARSHIP PROGRAMME – FIELDS COVERED

The SARB, in collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), is offering scholarships for Master’s degrees specializing in Data Science and Machine Learning, with a specific focus on financial analytics. The scholarships are available for various postgraduate qualifications at different institutions. The fields covered by the scholarships include:

  • Master’s degree (Analytics or Data Science) at the University of Cape Town
  • MComm (Advanced Data Analytics) at the University of Pretoria
  • MComm (Financial Risk Management) at Stellenbosch University
  • MIT (Big Data Science) at the University of Pretoria
  • MSc (Business, Mathematics, and Informatics) at North-West University
  • MSc (Data Science) at the University of KwaZulu-Natal
  • MSc (eScience) at the University of the Witwatersrand, University of Pretoria, North-West University, University of Venda, University of Limpopo, and Sol Plaatje University
  • MSc (Machine Learning and Artificial Intelligence) at Stellenbosch University
  • MSc (Statistical Science with specialization in Data Science) at the University of the Western Cape (in collaboration with NWU Business Mathematics and Informatics®)
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ABOUT THE SARB SCHOLARSHIP PROGRAMME – SELECTION

Shortlisted applicants will be contacted for an interview before being awarded a scholarship. Scholarship recipients may be required to attend workshops as required by SARB and NGA(MaSS). Final examination results must be submitted no later than 31 December .

ELIGIBILITY REQUIREMENTS FOR THE SARB SCHOLARSHIP

To be eligible for the SARB scholarship, applicants must meet the following minimum criteria:

  • South African citizenship
  • Age under 35 years
  • Provisional acceptance into one of the full-time Master’s programs listed at the approved universities
  • Relevant Honours degree with a minimum overall average of 65%
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HOW TO APPLY FOR THE SARB SCHOLARSHIP

Applications must be submitted online through the SARB Masters Scholarship Application for 2023. Applicants must register an account, log in, and apply using the promotional code “SARB DSM23.” Supporting documentation, including certified copies of the ID document, most recent exam results, Honours degree certificate/statement of results, and proof of acceptance at one of the approved universities, must be submitted with the application.

CLOSING DATE FOR THE SARB SCHOLARSHIP

The closing date for applications is 31 October . It is essential to submit the application before the closing date to ensure consideration.

CONTACT THE BURSARY PROVIDER

For any queries related to this scholarship program, applicants can contact Career Wise, the administrators for the SARB scholarship, directly via telephone at 011 258 4464 or email at info@careerwise.co.za.

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