Category Archives: South African Reserve bank

News from the South African Reserve bank

Information notice on the official gold and foreign exchange reserves of the South African Reserve Bank as at 31 May 2017

You Need Posted on by
Publish Date: 2017-06-07
Category: Information Notice
Author: Financial Markets

​This notice provides detail of the US dollar equivalent of the level of the South African Reserve Bank’s official gold and foreign exchange reserves, Special Drawing Rights (SDRs) and foreign currency deposits received from customers published today in the Bank’s Statement of Assets and Liabilities as at 31 May 2017.

Attachments:

The South African Reserve Bank bursary scheme

You Need Posted on by
Publish Date: 2017-05-30
Category: Bursary

The South African Reserve Bank bursary scheme

 
1.          Purpose of the bursary scheme
 
The South African Reserve Bank (the Bank), as part of addressing the severe shortage of skills in South Africa, provides bursaries to students in relevant fields of study who are from disadvantaged backgrounds.
 
The purpose of the bursary scheme is to assist financially needy students who obtain good results in Matric/Grade 12 and who want to study in fields relevant to the Bank.
 
The bursary is intended for undergraduate studies at a South African university on a full-time basis.
 
2.          Studies for which bursaries will be granted       
 
The studies that students intend to pursue shall have a bearing on, and be applicable to, the functions and activities of the Bank. (For more information on the Bank, visit the Bank’s website: www.reservebank.co.za). This includes, for example, Economics, Information Technology, Finance, Law and Accounting, and excludes, for example, Medicine, Dentistry and Social Work.
 
A bursary will be granted from the first academic year and reviewed annually
Bursary holders need not reapply for the bursary each year.
 
3.          Criteria for awarding bursaries
 
Over and above the criteria set out in paragraphs 1 to 3 above, the following will be used as guidelines in the awarding of bursaries:
 
·                 Bursaries will be awarded to students who obtain 60 per cent in the June Matric/Grade 12 examinations. Final awarding of a Bank bursary is subject to a student’s final Matric/Grade 12 results and enrolment acceptance at a South African university.
·                 Bursaries will be awarded to South African citizens only.
·                 The total number of students and related bursary costs will be reviewed annually.
·                 An annual one-off payment for books, accommodation (university accommodation only) and tuition fees will be made to a student.
 
4.          Post-bursary obligations
 
The Bank will have first right of refusal with regard to funded students, that is, bursary holders will be obliged to work for the Bank for a period equal to their bursary period, unless the Bank chooses not to employ them.
 
Students who choose not to work for the Bank despite the Bank offering them a position after completing their studies will be required to pay the full cost of the bursary back to the Bank.
 
The Bank will provide students who are Bank bursary holders vacation work opportunities that are funded by the Bank.
 
5.          How to apply
 
The closing date for submission of applications shall be 30 September of each year.
 
Examination results, university enrolment form (student number) and any other supporting documents must be submitted with the application form.
 
Completed application forms must be emailed to:
 
 
Or posted to:
 
Mr John Legoete
P.O. Box 30632
BRAAMFONTEIN
2017
 
 
6.          Submission of examination results by bursary holders
 
Bursary holders will be required to submit their examination results before 31 December of each year, regardless of whether or not they will be awarded a bursary for the following year.
 
7.          Bursary agreement
 
Potential bursary students will be required to avail themselves to be interviewed and to be tested.
 
Successful applicants(s) for the bursary will be expected to sign an agreement with the Bank.

 

 

Attachments:

Media Statement on the South African Reserve Bank and National Treasury’s proposal for a Deposit Insurance Scheme for South Africa

You Need Posted on by
Publish Date: 2017-05-30
Category: Media Releases

Attached see a statement and the position paper on a proposal  for a Deposit Insurance Scheme for South Africa. ​The South African Reserve Bank and National Treasury are inviting the public to comment.

Attachments:

Bank Supervision Department Annual Report

You Need Posted on by
Publish Date: 2017-05-26
Category: Bank Supervsion Annual Reports

​   

Attachments:

South African Reserve Bank endorses the Bank for International Settlement’s Foreign Exchange Global Code

You Need Posted on by
Publish Date: 2017-05-25
Category: Media Releases

​…

Attachments: