The South African Reserve Bank (SARB) is looking for productive and talented postgraduates to join its one-year Graduate Development Programme in January 2023. The SARB serves the economic well-being of South Africans through maintaining price and financial stability. It is responsible for the regulation of the South African financial sector, design and distribution of banknotes and coin, management of interest rates, setting the cash reserve requirement for banks, and ensuring stability of both the banking sector and the wider financial system.
The South African Reserve Bank was established in 1921 as a result of unusual financial and monetary conditions stemming from World War I (1914–1918). At the time, commercial banks issued banknotes to the public, which had to be backed by gold. But the price of gold in the United Kingdom rose and became higher than the gold price in South Africa. Therefore, a profit could be made by converting banknotes into gold in South Africa and selling the gold in London. This meant that commercial banks had to buy gold at a higher price in London (for re-import into South Africa to back their ba... read more
The SARB will consider postgraduate students with capability in at least 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 (operational and financial risk) • Treasury • Economics and international relations
All applicants will be advised of the outcome of their application. Shortlisted applicants will be invited to participate in assessments, interviews, and a security clearance as part of the selection process.
How to Apply
Internal applicants MUST apply through the Enterprise Resource Planning (ERP) system.
External applicants MUST apply online, via www.resbank.co.za.
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Please include a copy of your academic transcripts and your identity document with your application.
For more details,visit SARB website