About South African Reserve Bank
South African Reserve Bank (SARB) is the central bank of South Africa. It is the banker of the South African government responsible for the regulation of currencies in the country and maintaining financial stability. This creates sustainable economic growth, which is necessary for building a better, stronger South Africa.
SARB was established as per the Currency and Bank Act of August 1920 and is directly accountable to the parliament. It also represents the economic interests of South Africa at international forums like the International Monetary Fund (IMF), World Bank, BRICS, Financial Stability Board (FSB), Group of 20 (G20), among others.
South African Reserve Bank Internship
South African Reserve Bank Internship programme is intended for existing employees of SARB and recent postgraduates who want to gain relevant work experience in the field of banking. Under the Graduate Development Programme initiative (which the internship programme is a part of), SARB aims to upskill the next generation of bankers and leaders who will contribute to the country’s economic well-being.
The internship programme will expose interns to the various initiatives at SARB Academy. They’ll be working out of the SARB head office at Pretoria while learning basic central banking concepts. The tasks and projects will range anywhere from analysing a document to preparing financial forecasts.
The internship programme will begin from January 2023 through to December 2023. After a one-year period, some of the interns will get permanent job offers from SARB. The most likely candidates are those who:
- are genuinely interested in making a career at SARB
- are motivated to contribute to the monetary policy and financial affairs of South Africa
- have demonstrated attributes like excellence, accountability, trust, and respect during the internship
- meet all the eligibility requirements of the job offer
During the internship, all participants are entitled to receive a stipend for their contribution. Shortlisted candidates will get more information regarding this via email.
Who should apply?
To be selected for the internship programme, candidates must meet certain eligibility criteria. These are laid out by SARB to select the best candidates. Since there are a limited number of internship positions available, it cannot award everyone. Therefore, always cross-check before applying to avoid rejection.
The eligibility requirements for the South African Reserve Bank Internship programme are:
- A South African citizen
- Completed a postgraduate degree in one of the following areas:
- Economics, Econometrics, Research, Policy Analysis, Modelling, Public finance, Accounting, Auditing, Statistics, Financial management, Information technology, Law, Portfolio or investment management, Mathematics, Quantitative analysis, Business analysis, Project management, Risk management, Treasury, International relations
- Scored at least 65% in the final year of postgraduation
- Strong academic track record
- Excellent communication skills (both written and verbal)
- Strong desire to work in policymaking and financial services
While SARB is an equal opportunity employer, some candidates may get priority over others based on merit. Applicants with a disability will also get preference. The decision made by the SARB selection committee will be considered final.
How do I apply?
If you’re interested in the SARB internship programme, consider applying for it. You need to go through a short application process.
The programme is open to both internal and external candidates. Internal candidates must submit their candidature through the Enterprise Resource Planning (ERP) system.
External candidates are required to submit an online application. Visit the Career page and click on the Graduate Development Programme Learnership. Create an account with your email address. If you already have an account, login instead. Complete your profile by providing the necessary details like your personal information, academic qualification, and work experience.
Please submit the following documents along with your application:
- A valid ID document
- Updated CV
- Copy of the postgraduate certificate
- Academic transcripts
Review your application and submit it. You’ll get a confirmation in your registered email.
SARB will review all the applications and shortlist a few candidates. Before final selection, they might be asked to attend an interview (either physical or telephonic), assessments, and security clearance.
The last date of application is 31 March 2022. Submissions made after this date will not be considered.
For more details regarding the internship programme, contact SARB at their official Contact Us page.