Apply Now: South African Reserve Bank (SARB) Graduate Development Programme 2024 for young South Africans

Apply Now: South African Reserve Bank (SARB) Graduate Development Programme 2024 for young South Africans

Apply Now: South African Reserve Bank (SARB) Graduate Development Programme 2024 for young South Africans

The South African Reserve Bank (SARB) is seeking productive and talented postgraduates to participate in its one-year Graduate Development Programme (Programme) beginning in January 2024.

The SARB promotes South Africans’ economic well-being by ensuring pricing and financial stability. It regulates the South African financial sector, designs and distributes banknotes and coins, manages interest rates, sets the cash reserve requirement for banks, and ensures the stability of both the banking sector and the larger financial system.

Programme Details

  • Graduates will work and learn at the SARB Head Office from January to December 2024. They will be assigned to a department and exposed to various tasks and projects.
  • During the Programme, graduates will attend various learning interventions at the SARB Academy. Interventions are mainly specific to central banking and are aimed at producing well-rounded central bankers.
  • As part of the holistic programme, graduates will also gain personal and professional skills such as assertive communication, public speaking and presentations, creating powerful PowerPoint presentations, impactful reporting, teamwork and personal excellence and etiquette


  • Applications are open to candidates who have a postgraduate qualification in one of the following fields: economics, econometrics, research, policy analysis, 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, or international relations.

You meet the requirements if you:

  • have completed a postgraduate degree;
  • have attained an average of over 65% in your final year;
  • have a strong desire to work in financial services and/or policymaking;
  • have a proven track record of academic excellence;
  •  have excellent communication and interpersonal skills;
  • are a South African citizen; and
  • are a curious and keen learner.

After the first year

At the end of the year, some graduates will be permanently appointed into a department of the SARB. Those most likely to be appointed are graduates who:

  • are interested in continuing their career at the SARB;
  • have a desire to contribute to monetary policy, financial stability, currency management, supervising financial institutions, financial markets, or any one of the SARB’s enabling functions;
  • have demonstrated behaviours aligned to the SARB’s values of accountability, excellence, integrity, respect and trust and open communication;
  • can function independently and contribute actively and effectively in a team; and
  • have performed exceptionally well in their assigned departments and academically.


  • Graduates will receive a competitive salary for the duration of the Programme.

How to Apply:

All interested parties are invited to apply.

  • Internal applicants MUST apply through the ERP system.
  • External applicants MUST apply online, via
  •  All the available vacancies will be visible.
  • Please follow these links: WORK @ SARB > Latest vacancies.
  • Please include a copy of your academic transcripts and your identity document with your application.
  • 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
  • The closing date for applications is 14 April 2023. Late applications will not be considered.
  • Suitable candidates will be selected based on the SARB’s commitment to diversifying its workforce. People with disabilities are welcome to apply.

Application Deadline:   14 April 2023. 

For More Information:

Visit the Official Webpage of the South African Reserve Bank (SARB) Graduate Development Programme 2024


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