Background SARB Learnership Programme 2024

The South African Reserve Bank (SARB), in collaboration with the South African Bank Note Company (RF) Proprietary Limited (SABN) (henceforth collectively referred to as the SARB Group), actively contributes to addressing the country’s skills shortage in the technical and engineering fields through its Work Integrated Learning Programme (WILP).

SARB Learnership Programme 2024

The WILP is an internship and apprenticeship programme aimed at giving successful applicants maximum training exposure within the technical fields available within the SARB Group, preparing them for their national diploma.

Programme Structure

Participants will be placed at the SARB Head Office in Pretoria and will be rotated to the SABN. The programme will start in July 2024 for a period of 12 months. Participants will receive a work-based learning remuneration for the duration of the programme.




Technicians: This group will comprise students from universities of technology who have completed an S4 level but require 12 months’ practical work experience (P1 and P2) as a requirement to complete their national diploma. The fields of study for which the SARB Group provides are electrical, electronic and mechanical.

If you are a South African citizen (without dual citizenship) and meet the above requirements, you are welcome to apply.


About SARB Learnership Programme 2024

Primary mandate of the SARB

Section 224 of the Constitution of South Africa states the mandate of the SARB as follows:

The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic.

The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.


Monetary Policy

The Constitution gives the SARB the mandate to protect the value of the rand. We use interest rates to keep inflation low and steady.

Financial Stability

The SARB has a mandate to protect and enhance financial stability. We identify and mitigate systemic risks that might disrupt the financial system.

Prudential Regulation

The Prudential Authority regulates financial institutions and market infrastructures to promote and enhance their safety and soundness, and support financial stability.

Financial Markets

Open market operations are the main tool we use to implement monetary policy. We manage South Africa’s gold and foreign exchange reserves.

Financial Surveillance

The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.

Payments and Settlements

The SARB is responsible for ensuring the safety and soundness of the national payment system, which is the backbone of South Africa’s modern financial system.


The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.


Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. Our research supports policy decision-making.

Banknotes and Coin

The SARB has the sole right to make, issue and destroy banknotes and coin in South Africa.


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