Closing Date: Varies (early 2026, typically March for bursaries, check BANKSETA announcements)
Location: Centurion, Gauteng; Cape Town, Western Cape; Durban, KwaZulu-Natal
Programme Types: Learnerships, Bursaries, Internships, Skills Programmes
Start Date: To be confirmed (2025/2026)
Stipend: R3,000–R5,000 per month for learnerships/internships (estimated)
Bursary Value: Up to R80,000 for tuition, books, accommodation (estimated)
Join BANKSETA Skills Development Programmes 2025/2026! Learnerships, bursaries, and internships for unemployed youth in banking and microfinance, offering stipends and qualifications. Apply by early 2026!
About BANKSETA Skills Development Programmes
The Banking Sector Education and Training Authority (BANKSETA) empowers unemployed youth and banking/microfinance employees through skills development, supporting transformation (85% Black, 54% female, 4% disabled). Funded by the Department of Higher Education and Training, BANKSETA offers learnerships, bursaries, internships, and skills programmes in fields like Banking Service Advice, Wealth Management, Financial Markets, and IT, advancing South Africa’s banking sector.
Programme Purpose
BANKSETA’s programmes aim to develop a skilled, transformed banking and microfinance workforce, promoting career progression and economic inclusion. By funding learnerships, bursaries, and internships, BANKSETA increases workplace training investment, supports NSDS equity targets, and enhances the global competitiveness of South Africa’s financial sector.
Programme Structure
| Programme | Qualification | Duration | Eligibility | Funding |
|---|---|---|---|---|
| Learnerships | NQF Level 4–6 (e.g., Banking Service Advice, Wealth Management) | 12–18 months | Grade 12 | R3,000–R5,000/month stipend |
| Bursaries | Undergraduate/Postgraduate (e.g., BCom Finance, IT) | 1–4 years | Grade 12, tertiary acceptance | Up to R80,000 (tuition, books, accommodation) |
| Internships | NQF Level 5–7 (e.g., Risk Management, Banking) | 12–24 months | Diploma/Degree | R3,000–R5,000/month stipend |
| Skills Programmes | Short courses (e.g., Contact Centre, Financial Literacy) | 1–6 months | Grade 12 | Partial funding, no stipend |
- Components: Theoretical training, practical experience, and assessments.
- Outcome: Nationally recognized NQF qualifications or certificates.
- Delivery: Through BANKSETA-accredited training providers.
Key Responsibilities
Learnerships
- Participate in banking or microfinance tasks (e.g., customer service, financial advising).
- Complete classroom-based training and workplace assessments.
- Adhere to financial regulations and service standards.
Bursaries
- Maintain academic performance and submit progress reports.
- Engage in banking-related studies or projects.
Internships
- Support banking operations, risk management, or IT systems.
- Assist in data analysis, reporting, or client engagement.
- Participate in mentorship and skills development workshops.
Benefits
- Stipends of R3,000–R5,000/month for learnerships and internships.
- Bursaries covering tuition, books, and accommodation (up to R80,000).
- Nationally recognized qualifications (NQF Level 4–7).
- Enhanced employability in banking and microfinance sectors.
- Access to mentorship and accredited training providers.
Eligibility Criteria
- South African citizen with a valid ID.
- Aged 18–35 for learnerships and bursaries; no age limit for internships.
- Grade 12 for learnerships and skills programmes; Grade 12 and tertiary acceptance for bursaries; diploma/degree for internships.
- Unemployed or employed in banking/microfinance (depending on programme).
- No prior participation in the same BANKSETA programme.
- Clear criminal record, verified via background checks.
Preferences
- Candidates from Employment Equity groups (85% Black, 54% female, 4% disabled).
- Residents of Gauteng, Western Cape, or KwaZulu-Natal.
- Commitment to completing the programme and contributing to banking.
Skills and Attributes
- Excellent verbal and written communication skills.
- Interest in banking/microfinance and willingness to learn.
- Analytical and problem-solving skills (internships).
- Basic numeracy and computer literacy (all programmes).
- Professionalism and customer service orientation.
Why Join BANKSETA Skills Development Programmes?
BANKSETA Skills Development Programmes 2025/2026 offer unemployed youth and banking professionals a chance to gain nationally recognized qualifications, stipends, or bursary funding in a dynamic sector. Participants will develop skills in banking, microfinance, or IT, contributing to South Africa’s financial transformation while building rewarding careers.
Application Process
Submit your application by early 2026 (typically March for bursaries, check BANKSETA announcements) via email to info@bankseta.org.za or hand-deliver to Building C2, Eco Origin Office Park, Eco-Park Estate, 349 Witch-Hazel Ave, Highveld, Centurion, 0144. Postal applications can be sent to PO Box 11678, Vorna Valley, 1686. Include a CV, certified copies of your ID, qualifications (Grade 12, diploma/degree, or acceptance letter for bursaries), and proof of residence (certified within the last 6 months). Specify the programme (e.g., Learnership: Banking Service Advice, Bursary: BCom Finance). Incomplete applications or late submissions will not be considered. For enquiries, contact info@bankseta.org.za or +27 11 805 9661. Shortlisted candidates will be contacted within 60–90 days of the closing date. Background checks (criminal record, citizenship, qualifications) will be conducted. If you do not hear back within 90 days, consider your application unsuccessful. No application fees are charged.
Contact Information
For enquiries, contact: info@bankseta.org.za or +27 11 805 9661. Physical: Building C2, Eco Origin Office Park, Eco-Park Estate, 349 Witch-Hazel Ave, Highveld, Centurion, 0144. Postal: PO Box 11678, Vorna Valley, 1686.
