INTERNSHIP DETAILS

(1571) Information Technology Internship (Grow-IT specialising in AI) - BSTD

CompanySouth African Reserve Bank
LocationJohannesburg
Work ModeOn Site
PostedMarch 18, 2026
Internship Information
Core Responsibilities
Interns will be placed within the IT environment to acquire necessary technical and behavioural competencies based on their specialization area, specifically focusing on Artificial Intelligence for this intake. The program aims to build capacity, capability, and support succession planning within the Business Solutions and Technology Department.
Internship Type
full time
Company Size
2658
Visa Sponsorship
No
Language
English
Working Hours
40 hours
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About The Company
The South African Reserve Bank (the SARB) is the central bank of the Republic of South Africa. It regards its primary goal in the South African economic system as "the achievement and maintenance of price stability"​. The South African Reserve Bank maintains that South Africa has a growing economy based on the principles of a market system, private and social initiative, effective competition and social fairness. It recognises, in the performance of its duties, the need to pursue balanced economic development and growth.
About the Role

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).


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 WE DO

 

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.

 

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. 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.

Key Skills
Artificial IntelligenceData EngineeringComputer ScienceMathematicsStatisticsMachine LearningData ScienceCloud PlatformsGoogle CloudAWSMicrosoft AzurePython
Categories
TechnologyData & AnalyticsSoftwareFinance & AccountingScience & Research