SA Reserve Bank Learnerships Application 2023, How to apply for SA Reserve Bank Learnerships programme, requirements, eligibility, and application closing date 2023/2024.
Are you a student looking for Learnerships in South Africa 2023? The SA Reserve Bank invites an application from suitably and qualifies students for their Learnership program 2023. Learn about the process you’ll take to complete the application below.
SA Reserve Bank Learnerships Application 2023
Ready to apply to SA Reserve Bank Learnerships? Here on Southafricaportal.com, you get all information regarding the SA Reserve Bank leadership application form, how to apply online, requirements, and the application closing date 2023.
Learnerships are a great opportunity if you want to learn skills and develop a career. Learnerships for 2023 are opening now and we always have details on the latest available Learnerships for you.
When you register for a Learnership Programme you will receive training towards a full qualification but you don’t have to pay study fees. In fact, when you register for a Learnership you will be paid in the form of a stipend. This means you will be paid monthly while you are on the leadership – the amount you will be paid depends on the academic level of the Learnership.
SA Reserve Bank Learnerships Programme Details
Interested applicants can apply for the SA Reserve Bank Learnership 2023 provided they qualify and meet the program requirements.
Yearly the SA Reserve Bank recruits top talents from Universities throughout South Africa to join the SA Reserve Bank Graduate Learnership program. These fresh graduates then have an opportunity to enter a world of finance, business, banking and more. The SARB seeks the top cream of talent for their program and has an intense selection procedure. With their selection process being so vigorous only a handful of candidates make their short list.
The SARB is known to be the central bank and was recognized in 1921 by Parliament to bring stability to the financial state of the country after World War 2. It was said to be the 4th Central Bank that was formed outside of Europe and UK. Since then it has grown in strength, it is governed by a board of directors. This bank is privately owned by shareholders. The current shareholders amount to about 660. The main objective of the SARB is to safeguard the currency of South Africa, to keep a balance and ensure economic growth.
With this program, selected candidates will emerge with the skills and knowledge to enter a world of banking, business, operations, and more. The SARB may also offer many of their selected candidates an opportunity to become a part of their permanent employees. Once the year learnership is complete, successful candidates will also be given a graduation ceremony where their parents and members of the staff will be able to see how they have excelled. They will also receive certification of their participation in this program.
SA Reserve Bank Learnerships Available
Out of the thousands of applications, they receive yearly and after a dynamic selection procedure, only a handful will move forward and enter the learnership program provided by the SA Reserve Bank. This program aims to provide the final selection of candidates with the required skills and knowledge to enter the world of banking with confidence and precision.
Candidates can enter the following fields:
- Money & Banking
- Economics
- Econometrics
- Risk Management
- Mathematical Science
- Accounting
- Finance
- Commercial Law
- Business Statistics
SA Reserve Bank Learnerships Requirements
Talented young individuals are invited to apply yearly for this unique program offered by the SA Reserve Bank. Applicants must, however, meet all the requirements as set out by the SA Reserve Bank before applying. The requirements will be stipulated on the advertisement and may include the below requirements and more.
Basic requirements:
- Must be an SA citizen with a valid ID document
- You must not hold a dual citizenship
- Must hold a valid Grade 12 certification
- Applicants must hold a diploma or degree within the field of application
Candidates must also keep in mind that the selection process will include a security check, reference check and also a psychometric assessment.
SA Reserve Bank Learnerships Application
SA Reserve Bank learnerships applications online are only made available once their application process starts. Candidates will have to check back regularly here to see when applications open. Successful candidates will receive a great deal of training, both academic and on-the-job training will be presented. Candidates can visit their website more detail on the SARB or this exceptional program. For detail on their other programs and employment, interested candidates can have a look here.
Once selected candidates must complete there 12 month period of training, they will be issued a certificate of competency and may also be offered full-time employment. This program is a great honor and gives selected individuals a great stepping stone in life. The SARB receives thousands of entries each year, however, they can only accommodate a selected few. If you have not had any response from the SARB within a maximum period of three months after the closing of applications, you may assume your application did not make the cut.
SA Reserve Bank Learnerships Closing Date
Closing dates will be advertised with open learnerships. Candidates must ensure they read the advertisement for open learnerships carefully, adhere to all stipulations and submit applications on time.
Candidates must please ensure that all fields of the application are completed in full and the application form is signed by the person applying. All references and contact detail must be current. All documentation must be certified copies of the originals.
If this is the world you seek to enter and you have what it takes, then you may have found your career. Good luck to all candidates, may you find your way into a world filled with wonder and amazement.
Overview of Learnership Programmes in South Africa 2023
What is a Learnership?
A Learnership is a work-based learning programme. This means that classroom studies at a college or training center are combined with practical on-the-job experience. We learn much better when we can practice what we have been taught in the classroom in a workplace environment.
By physically performing tasks that are learned in the classroom at the workplace, we can see what we have learned and what we did not understand. This allows us to ask the trainer to explain that part of the lesson again until we fully understand it.
Learnerships form part of a nationally recognized qualification that is directly linked to an occupation. This means that what you learn on leadership is not just for the particular job that you can get once you have finished the leadership; it also forms part of a higher qualification that you can study further through other Learnership or short courses.
Each leadership has a specific level of qualification. An artisan like a bricklayer or a beautician, for instance, is a Level 4 Qualification. This means that if you want to become an artisan you will have to complete 4 four separate leadership (levels 1, 2, 3 & 4). There is no set time-frame in which you have to do these, as each level qualification remains in the system and will count towards the full qualification.
Who Benefits From Learnerships?
In short, everybody!
The Learner:
- ?You get access to free learning and better job opportunities
- ?Can earn while you learn
- ?Learnerships can help you to get into the workplace and/or get a formal qualification
The Employer:
- Gets skilled, experienced workers who will need less supervision
- Gets improved productivity
- Can identify and solve gaps in skills and training
- Educates and empowers employees, creating a happy workforce
The Industry:
- Gets access to far more skilled and professional workers
- Can develop employees to world-class standards
- Becomes more competitive in the international market
How Do Learnerships Work?
In the past, the education given in schools and other education facilities did not really have much in common with the working world. This meant that people entered the workplace with all of the knowledge but none of the practical experience on how to do the job.
Learnerships teach both the? why? and how to? by creating a contract between the learner, the learning provider, and the organization or business. All learnership contracts must be registered with the Sector Education Training Authority (SETA) for that specific industry, which guarantees that the learnership programme is of a high standard.
If accepted into a learnership you will have to sign two legal contracts; a Learnership Agreement and an Employment Contract. The Learnership Agreement tells you exactly what responsibilities you, the training provider and the employer have. The Employment Contract is only for the period of the learnership. Learnerships last between 12 -24 months.
If you are unemployed, you will receive an allowance while you are on a learnership which is meant to cover costs like travel and food. If you are already employed you will only receive your normal salary.
During the learnership you will spend a certain period of time in a classroom, either at the company or organization or at other premises, and the rest of the time actually working and learning on the job at the company. It is important that you take advantage of the opportunity offered you to develop your skills, gain experience and grow your potential. from zainfo.co.za, A learnership is the perfect way to show the trainers and the organization what you know, as it could lead to a permanent job with that company or organisation, so take your learnership seriously.
You will be expected to do certain written and practical tasks while on the learnership as part of your studies. Learnerships are outcomes-based, which means that you will be assessed (tested) on what you have learned through the various stages of the learnership, not only at the end of it.
You will get an official certificate that will state the qualification, and indicate the area in which you have developed skills during the learnership if you are considered to be competent at the end of it. This qualification is nationally? recognized.
Completing a learnership is not a guarantee of employment, but many learners do get employed by companies or organizations where they did their learnerships. Even if that company does not employ you, you stand a much better chance of getting employed with a learnership qualification than without one.
Who Qualifies for a Learnership?
Learnerships are designed for all levels and as such is open to anyone between the ages of 16 and 60. This includes the unemployed and the employed, the able-bodied and the disabled.
How Does One Get Access to a Learnership?
Decide in which line you want to study and either speak to your employer or contact your nearest Labour Centre or Provincial Office of the Department of Labour to find out whether there are any learnerships that you can apply for.
Some learnerships have certain conditions, such as only accepting learners who have a Grade 12, speak more than 1 language, or have computer skills, for instance. Other learnerships do not have any requirements.
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