The South African Reserve Bank (SARB) serves as the nation’s central bank.

As a direct result of the extraordinary monetary and financial situations that World War I had brought about, Parliament passed a statute in 1921 known as the “Currency and Bank Act of 10 August 1920,” which led to its establishment.

United States, Japan, and Java were the other three newly founded central banks; the SARB was the first outside of the United Kingdom and Europe.

Furthermore, the idea of establishing a central bank in South Africa was first proposed in 1879.

Therefore, on March 31, 1920, a select committee of ten members of Parliament was formed to look into the advantages of creating a central bank for the sake of the country.

With such a rich history and an important task, working at SARB is an excellent opportunity for an astounding career progression.

If you think you have what it takes, learn how to apply now!

The SARB typically requires applicants to have a relevant tertiary qualification, such as a degree in economics, finance, or a related field.

But not only that, there are other skills you need to develop in order to be a good SARB employee:

The SARB’s work involves dealing with a wide range of complex issues related to monetary policy and banking regulation.

This requires employees to have strong problem-solving skills, including the ability to think critically, identify and evaluate options, and make sound decisions.

Teams of experts from various backgrounds, including economists, bankers, IT specialists, and administrators, frequently carry out the job of the SARB.

Employees need to be able to cooperate, exchange ideas, and be receptive to other team members in order to function well as a team.

Adaptability

The work of the SARB is dynamic, fast-paced, and frequently entails tackling a variety of issues and duties. The ability to learn rapidly, adapt to shifting priorities, and take in new information are all skills that must be had by employees if they are to be successful in this.

The application process to work at the South African Reserve Bank (SARB) typically includes the following steps:

The SARB posts job openings on its website and interested applicants can search for open positions that match their qualifications and experience.

Therefore, candidates can apply for a job by submitting an online application through the SARB’s website. This typically includes providing personal information, a CV, and a cover letter.

After that, SARB will review the applications and shortlist the most qualified candidates for further consideration.

Shortlisted candidates will be invited for an interview, which may include one or more rounds. The interviews will be conducted by a panel of SARB staff and may include competency tests or case studies.

If a candidate is selected for a job, the SARB will conduct a background check, which may include verification of qualifications, references, and a credit check.

In the end, if the background check is successful, the SARB will make a job offer to the candidate. The offer will include details about the job, including the salary and benefits.

VKB, which supports South Africa’s agricultural growth and offers performance-based incentives, is a great place to work if you’d like to be employed in the private sector or would prefer to develop some skills before applying to SARB.

Also, it is generally easier to get a job there, get some stability and keep grinding on your career!