Location: Johannesburg and Pretoria, South Africa
Brief description
The South African Reserve Bank (SARB) invites all passionate, innovative and talented applicants to apply for its 2027 Information Technology Internship (Grow-IT). Through this programme, the SARB actively contributes to addressing scarce and critical skills needs.
Grow-IT is an internship programme aimed at addressing the current and future skills needs of the SARB’s Business Solutions and Technology Department (BSTD), supporting departmental strategy and workforce planning. This includes capacity and capability building, succession planning and developing future talent within the department. During the programme, learners will gain the necessary technical and behavioural competencies based on their areas of specialisation.
Format of the programme
Successful applicants will be placed within the information technology (IT) environment to acquire all the required competencies. The duration of the programme is a one-year contract (with an option to extend).
Qualifications: South African Reserve Bank Information Technology Internship
Requirements
To be considered for this internship, candidates must:
- either have a National Diploma in IT (NQF 6); a Bachelor’s degree in Computer Science, Mathematics, Statistics or IT, with exposure to artificial intelligence (AI) and data engineering; or a BTech degree in Computer Science Engineering, AI and Machine Learning or Data Science (NQF 7);
- be a South African citizen;
- be between the ages of 18 and 35 years; and
- be curious, self-motivated and innovative.
The following will be an advantage:
- Familiarity with working in cloud platforms (Google, AWS, Microsoft Azure)
- Python programming language
- Basic understanding of Model Context Protocol (MCP)
The focus for this intake would be AI.
In line with the SARB’s commitment to diversifying its workforce, preference will be given to suitable candidates from designated groups. People with disabilities are welcome to apply.
About SARB
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.
WHAT SARB DOES
Monetary Policy: The Constitution gives the SARB the mandate to protect the value of the rand. SARB uses interest rates to keep inflation low and steady.
Financial Stability: The SARB has a mandate to protect and enhance financial stability. It identifies 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. It manages 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.
Statistics: The SARB provides important economic and financial statistics that present an overview of the economic situation in South Africa.
Research: Research conducted by the SARB focuses on economics, financial stability, banking and emerging trends in finance. SARB 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.