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South African Actuaries Development Programme

The Programme seeks to actively address the problem of the acute shortage of Actuarial skills in the black community in South Africa. We do this by availing resources to young black students who have potential and a keen interest in pursuing Actuarial Science as a career.

Bursaries are awarded to students with a very good academic record at high school and/or university. The bursary covers some or all of the following:

  • Tuition
  • Residence
  • Meals
  • Living allowances and
  • Text book fees 

SAADP renews the bursary each year depending on the good academic performance of a student. Students must therefore maintain good academic progress.

Who can apply for a bursary?

Bursaries are awarded to students who are studying or intending to study an Actuarial Science degree at the University of the Witwatersrand in Johannesburg.

Requirements for Grade 12 Students

To be considered for the bursary, a Grade 12 student must:

  • Have a passion for and an intention to study Actuarial Science on a full-time basis.
  • Meet the minimum entry requirements to study Actuarial Science, which are Level 7 (Symbol 'A')or 80% in pure Mathematics, Physical Science, English first additional language or at least 70% in English home language.
  • Have achieved good marks in Grade11 final exams and Grade 12 June exams respectively.

Students are strongly advised to write the National Benchmarking Test (NBT). For more information on NBT call 021 650 3523 or visit the website:www.nbt.ac.za

Requirements for university students

To be considered for a bursary, students:

  • Must be studying towards a degree in Actuarial Science on a full-time basis.
  • Must have a good academic record in their first, second or third year of study.
  • Students from other universities may also apply, however, they must have applied and been accepted by the University of the Witwatersrand in Johannesburg to study towards an Actuarial Science degree.

The programme is open to South African nationals who meet the entry requirements.

Student Support

The programme is structured in such a way that it also supports students with academic and social support through mentorship, life skills workshops and training. A full-time programme manager is available to offer support through additional tutorials, mentorship, social support etc.

Funders

The South African Actuaries Development Programme is made possible through the generosity of our donors: Inseta, Bankseta, Sasria SOC Ltd, First National Bank, Discovery, ECIC, Deloitte and EY.

How to apply

  • Go to our website to download an application form: www.saadp.co.za
  • Submit a completed application form with supporting documents to SAADP before the closing date.

CLOSING DATE

Please note that the closing date for bursary applications is 30 September every year. 

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