Department of Treasury Internship South Africa

How to Apply for the Department of Treasury Internship

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Applying to the Department of Treasury Internship is a good step towards unlocking your career expertise. However, limited knowledge about the internship can hamper your chances of landing a role.

While this article tells you what you need to know about the Department of Treasury Internship, it leads you through the eligibility criteria, requirements, and how to make your application. Read on to learn more.

About the South African Department of Treasury

​The South African Department of Treasury is a financial department that manages the national government finances. It is responsible for efficient and sustainable public financial management for good governance, social progress, and increasing South Africa’s living standard. Following the permission of the constitution and approval by the parliament, the Department of Treasury, through its internship programs, encourages youth skill development in South Africa.

Overview of the Department of Treasury Internship

The Department of Treasury Internship is for South African graduates who intend to gain meaningful work experiences to expand their studies. Through this internship, these students gain valuable hands-on experience in various fields in the treasury and finance industry.

Although the Department of Treasury Internship is available to South African graduates, it is only accessible to people who meet the eligibility criteria. To qualify for the internship, graduates must be under the age of 35 years. In addition, they must not have undergone any internship program and must hold a degree, either Bachelor’s, Master or Ph.D.

Benefits of the Department of Treasury Internship

Below are the benefits you stand to gain as an intern at the South African Department of Treasury.

  • The Department of Treasury Internship is a paid internship program. Therefore, all interns are entitled to a monthly stipend for their two years at the department.
  • As social network is an important form of wealth, the Department of Treasury interns have the advantage of building an extensive social network. This advantage is in addition to the stipend they receive and the training they undergo.
  • Furthermore, interns have a higher chance of employability in the financial industry due to the experience they acquire from the Department of Treasury Internship Program.
  • The Department of South African Internship makes it easier for job transition. As industries, businesses, and companies require more experienced hands to handle their operations, they are likely to higher interns because they satisfy the requirement.
  • Additionally, internships offer interns mentorship and support, particularly career mentorship and support.
  • Interns at the Department of Treasury are eligible for advanced training and workshops. However, these training and workshops depend on the department and the internship position.

Expected Salary of an intern at the Department of Treasury Internship

The Department of Treasury Internship is a 24-month internship program that offers Interns competitive monthly market-related salaries. Salaries for interns range between ZAR17,382 and above.

The salaries of interns vary depending on their experience, qualification, and internship position. 

Eligibility and Requirements for the Department of Treasury Internship application

Although the eligibility requirements at the Department of Treasury Internship differ with the career field, there are requirements generally necessary for internship application. To qualify for an internship at the department of treasury, you must fulfill the following;

  • Be a South African citizen.
  • Must be between 18 to 35 years at the time of application.
  • Should have a tertiary certification or diploma from any South African university.

All eligible candidates must register an account on the Department of Treasury Internship portal. They should send certified copies of the following documents to the department through email or postal mail.

  • An up-to-date academic transcript and qualifications at their current educational level. This requirement, however, is compulsory for applicants selected for interviews.
  • A means of identification for verification purposes. The Id card must contain the applicant’s information according to the indication in the application form.
  • Updated Curriculum Vitae. Applicants must ensure to craft their curriculum vitae using the approved cv format by the department.
  • Compelling cover letter.
  • Letter of Recommendation. Recommendations are distinctive ways of scaling up your chances of recruitment by the Department of Treasury. As a result, applicants should get confidential letters of recommendation directly from their referees. They should also include the emails and contacts of their referees in the letter.
  • Personal Statement. Your statement should indicate your reason for your internship at the department and not exceed 700 words. Also, it should be typed and must be double-spaced.

Duties of the Department of Treasury Interns

The duties of interns at the Department of Treasury vary according to the internship positions. However, some of the general responsibilities of interns at the department include the following;

#1. Supervisory and Administrative Function:

Interns monitor and supervise the administration of the state financial management system. They may work with their senior colleagues or alone to ensure equitable, effective, and transparent utilization of financial and other state resources.

#2. Record and Information Keeping:

At the different internship positions, interns keep records of data and information on all operations and costs. They compile the list weekly and hand it over to the chief supervisor.

#3. Miscellaneous Functions:

Interns perform other minor tasks like designing, typing, printing, and other miscellaneous assignments in the department.

In addition, interns will be exposed to more advanced operations occasionally. Therefore, they should prepare themselves for training and workshops at intervals. They should also submit a weekly, bi-weekly, or monthly report on their positions and performances as requested by the Human Resource Development Managers.

Applying for the Department of Treasury Internship

Now that you know the Department of Treasury Internship, its requirements, and eligibility, how should you apply? The Department of Treasury Internship utilizes an e-Recruitment system. Therefore, all applicants must register on the portal to apply for positions.

To apply, here are the steps to follow in applying for an internship;

Step 1: Register your interest:

Start your application and follow the guidelines as indicated.

Step 2: Upload your documents:

After confirming your email, the next step is to upload all necessary documents on the portal. Submitting a compelling cover letter and a well-crafted resume is advisable. In addition, ensure to capture the emails and contacts of your referees on your reference/ recommendation letter.

Step 3: Submit your application:

Before you click the submit button, endeavor to review your application again. Ensure that the spelling of your name is accurate and that each uploaded document is in the required section.

Applicants should ensure that the South African Qualifications Authority (SAQA) evaluates all documents before submission. They should submit their application before the deadline and should also check the status of their application on the system.

Application Deadline

The Department of Treasury Internship application portal opens every January and closes on the 09th of September.

Frequently Asked Questions

How many words should your Department of Treasury Internship cover letter contain?

As required by the Department of Treasury requires, your internship cover letter should be a maximum of 500 words. It requires you to state why you chose the internship and the internship position and how it will benefit you. You should also include any additional information relevant to your selection.

How long will it take to hear back from the Department of Treasury?

According to previous selection processes, the Department of Treasury will contact qualified applicants six weeks after the deadline. Currently, the response time varies according to internship positions.

Conclusion

Every graduate intending to venture into the entry-level of their careers must go through an internship to hone their skills. But if you are with any of the academic qualifications discussed in this article, then the Department of Treasury internship is the best fit for you.

If you are reading this part of the article, congratulations! You completed the first step of your internship application. Without further delay, go to the Department of Treasury website to verify if the internship is open and submit your application.