Table of Contents
About the South African Reserve Bank (SARB) Master’s in Data Science and Machine Learning Scholarship
Applications are now open for the 2026 South African Reserve Bank (SARB) Master’s in Data Science and Machine Learning Scholarship. This prestigious scholarship is aimed at supporting outstanding postgraduate students pursuing a Master’s degree in the fields of data science, machine learning, or artificial intelligence, with a focus on financial analytics.
The SARB, in collaboration with the Data Science Academic Committee of the National Graduate Academy for Mathematical and Statistical Sciences (NGA(MaSS)), is committed to strengthening South Africa’s capacity in advanced data and analytical sciences. This scholarship offers full funding to selected candidates and is designed to build a pipeline of highly skilled professionals who will contribute to the future of financial innovation and stability in South Africa.
Eligible Fields
The scholarship is specifically available for Master’s-level programmes in:
- Data Science
- Machine Learning
- Artificial Intelligence
Applicants must ensure that their selected modules include financial analytics topics and be accepted into one of the identified Master’s programmes in these fields.
Eligibility Criteria
To be eligible for the SARB Master’s in Data Science and Machine Learning Scholarship 2026, applicants must:
- Have provisional acceptance into one of the eligible Master’s programmes.
- Have completed a relevant Honours degree with an overall average of at least 65%.
- Select financial analytics modules as part of the Master’s coursework.
- Be registered as a full-time student.
- Be a South African citizen.
- Be younger than 35 years old.
In addition, scholarship recipients may be required to attend specialised workshops organized by SARB and NGA(MaSS).
Selection Criteria
The selection process is highly competitive and based on:
- Academic merit and excellence in prior qualifications.
- Relevance and alignment of the selected Master’s programme with financial analytics.
- Demonstrated potential to contribute to the field of data-driven financial innovation.
- Compliance with eligibility requirements.
Shortlisted candidates may be invited for interviews as part of the final selection process.
Eligible Countries
This scholarship is only open to South African citizens who intend to pursue full-time Master’s studies at a recognised South African university.
Documents Required
Applicants must prepare and submit the following documents:
- Proof of acceptance into a recognised Master’s programme.
- Certified copy of Honours degree certificate and academic transcript.
- Valid South African ID copy.
- Any additional supporting documents requested.
Applications without the complete documentation will not be considered.
Benefits of the South African Reserve Bank (SARB) Master’s in Data Science and Machine Learning Scholarship
The SARB Master’s Scholarship offers full financial support for the 2026 academic year, including:
- Tuition fees
- Prescribed learning materials
- Living allowance
- Additional support to attend required workshops and academic events
Scholars will also have the opportunity to connect with a network of experts and gain exposure to real-world applications in financial data science.
How to Apply
There are three ways to apply for the SARB Master’s in Data Science and Machine Learning Scholarship:
Application Deadline:
Friday, 31 October 2025.
Late applications will not be accepted.
Submission Options:
- By Post
Address to:
Dimpho Nkoana
POSTNET Suite 101
Private Bag X153
Bryanston
2021 - By Email
Send all required documents to:
sarbbursary@ttibursaries.co.za - Online Application Portal
IMPORTANT: Use PROMO CODE: SARBDSM26 in your application.
Note: Bursary holders must submit their final examination results by Wednesday, 31 December 2025, regardless of whether they are applying for funding renewal.
Final Thoughts
The SARB Master’s in Data Science and Machine Learning Scholarship 2026 presents a valuable opportunity for aspiring data scientists and machine learning professionals who wish to specialise in financial analytics. If you’re academically strong, passionate about data-driven innovation, and meet the criteria, don’t miss this chance to have your Master’s studies fully funded by the South African Reserve Bank.
Take the next step toward becoming a future leader in financial data science—apply before 31 October 2025.
CLICK HERE TO APPLY
See also:
Tokyo University Amgen Scholars Program 2025: Apply Now!
The Letten Prize 2025 for Researchers: Apply Now!
World Trade Organization Internship Program 2025
Apply for the $5,000 Pathways Access Scholarship
