Scholarships / Fellowships

South African Reserve Bank (SARB): Scholarships 2024

The South African Reserve Bank (SARB) invites students to apply for Scholarship Programme 2024 academic year.

Scholarship Application Closing Date: 30 November 2023

The South African Reserve Bank (SARB), in collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), is inviting students to apply for their scholarship programme, for the 2024 academic year.

The scholarship is for Master’s degrees, specialising in Data Science and Machine Learning, with specific reference to financial analytics.

Scholarships will be awarded for the following postgraduate qualifications, at the following institutions:

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


Shortlisted applicants will be contacted and required to attend an interview before being awarded a scholarship.

Scholars may be required to attend workshops during their studies, as required by the SARB and the NGA(MaSS).

Scholarship recipients will be required to submit their final examination results by no later than 31 December 2023.


Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

  • You must be a South African citizen
  • You must be under the age of 35 years old
  • You must have received provisional acceptance into one of the full-time Master’s programmes listed above, at one of the universities listed above
  • You must have selected modules that include financial analytics topics
  • You must have completed a relevant Honours degree with a minimum overall average of 65%


Applications must be submitted online at: SARB Masters Scholarship Application 2024

Applicants will be required to Register an Account before they can Login and Apply.

Applicants must use the following promotional code: SARB DSM24

Submit clear copies of the following supporting documentation along with your application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):

  • ID document (certified copy)
  • Most recent exam results (on institutions letterhead)
  • Honours degree certificate/ statement of results (on institutions letterhead)
  • Proof of acceptance at one of the approved universities (with your student number) (on institutions letterhead)

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