Are you a new graduate seeking a position at a prominent financial institution where you may obtain real-world experience? Young professionals can start their careers in central banking with the help of the South African Reserve Bank Graduate Internships. The Graduate Development Programme (GDP) and the Data Science Graduate Development Programme, both of which are scheduled to start in February 2026, are presently accepting applications from the South African Reserve Bank (SARB).
About the South African Reserve Bank (SARB)
The South African Reserve Bank (SARB) plays a crucial role in the country’s economy by ensuring price and financial stability. As the central bank, it regulates the financial sector, manages interest rates, and oversees the stability of the banking system. SARB also designs and distributes South Africa’s banknotes and coins, ensuring a stable financial system for all citizens.
To support this mission, SARB offers internship programmes aimed at developing young talent in central banking, data science, financial stability, and regulatory functions.
Available SARB Graduate Internships for 2026
1. Data Science Graduate Development Programme
- Location: Pretoria, South Africa
- Duration: 1 year (February 2026 – January 2027)
- Remuneration: Market-related salary with additional benefits
- Application Deadline: 30 April 2025
Programme Overview
This internship focuses on developing advanced data science capabilities for central banking. It is an interdisciplinary programme that involves extracting insights from structured and unstructured data using scientific methods, processes, algorithms, and systems.
Key Features of the Programme
- Placement in the Business Systems and Technology Department.
- Exposure to data analytics and machine learning techniques.
- Hands-on experience working in a Data Lab environment.
- Participation in technical training at the SARB Academy.
Qualification Requirements
To qualify, candidates must be completing or have completed a postgraduate qualification in one of the following fields:
- Data Science
- Machine Learning/Artificial Intelligence
- Predictive Analytics Modelling
- Statistics
- Applied Mathematics
- Digital Technology (Information Technology)
- Fintech
- Economics with Econometrics
- Business Mathematics and Informatics
Additional Requirements
- Proficiency in coding with R and/or Python.
- Must be a South African citizen.
- Strong analytical skills, curiosity, and innovation.
- A proven track record of academic excellence (70% and above).
- Excellent communication and interpersonal skills.
- Experience in Fintech is an added advantage.
Selection Process
Shortlisted applicants will undergo interviews, assessments, and security clearance as part of the selection process. Preference will be given to candidates from designated groups.
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2. South African Reserve Bank Graduate Development Programme
- Location: Pretoria, South Africa
- Duration: 1 year (February 2026 – January 2027)
- Remuneration: Market-related salary with additional benefits
- Application Deadline: 30 April 2025
Programme Overview
This programme is designed for graduates who want to build a career in central banking, monetary policy, and financial regulation. Candidates will work in various departments, gaining exposure to key policy and regulatory functions.
Key Features of the Programme
- Placement in a department within SARB’s Head Office.
- Exposure to policy-making, financial stability, monetary regulation, and banknote management.
- Learning interventions through SARB Academy.
- Training in communication, presentations, teamwork, and professional etiquette.
- Opportunities for permanent placement based on performance.
Qualification Requirements
Graduates must have completed or be in the process of completing an honours degree (NQF 8) in one of the following fields:
- Economics
- Econometrics
- Statistics
- Research
- Policy Analysis
- Public Finance
- Accounting
- Auditing
- Law
- Financial Mathematics
- Financial Engineering
- Information Technology
- Digital Technology
- Portfolio or Investment Management
- Mathematics
- Quantitative Analysis
- Business Analysis
- Risk Management (Operational and Financial Risk)
- Actuarial Science
- Fintech
Additional Requirements
- Must be a South African citizen.
- Strong interest in financial services and policymaking.
- A proven track record of academic excellence (minimum 65% final year average).
- Excellent communication and interpersonal skills.
- A passion for learning and professional growth.
Selection Process
Shortlisted applicants will be invited for interviews, assessments, and security clearance. Preference will be given to candidates from designated groups.
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How to Apply
Interested candidates should submit their applications online before 30 April 2025.
Application Portal:
Visit the SARB official website to apply for the internship programmes.
Link to Apply: South African Reserve Bank Careers
Required Documents:
- Updated CV
- Certified copies of academic transcripts
- Certified copy of South African ID
- Motivation letter detailing your career goals
The South African Reserve Bank Graduate Internships offer an incredible opportunity for young professionals to gain hands-on experience in central banking and data science. Whether you’re passionate about monetary policy, financial regulation, data analytics, or fintech, these programmes provide the perfect platform to develop your skills and contribute to South Africa’s economic stability.
