South African Actuaries Development Programme (SAADP): Bursaries 2025

The South African Actuaries Development Programme (SAADP) is inviting students to apply for their bursary programme, for the 2025 academic year.

The bursary will be awarded for studies towards an Actuarial Science qualification, at one of the SAADP partner universities: UCT, UP or WITS.

NB. Bursaries are renewable each year based on academic performance and availability of funds.

Bursary recipients will receive the following support:

Financial support:

1. Tuition fees
2. Textbook allowance
3. Residence fees
4. Meal allowance
5. Living allowance

Psychosocial support:

1. Students mentorship programme (senior students will provide mentorship and social support to junior students)
2. Life skills programme (including topics like goal setting, time management, CV writing and Interviewing skills, with the aim of developing graduates to be ready for the corporate space)

Academic support:

1. Academic tutorials or extra classes (supplementary tutorials are offered over and above the basic curriculum – senior students conduct weekly extension tutorials and sometime, technical workshops are organized)
2. Mentorship (top senior students will transfer their existing knowledge, skills, and experience to new students)
3. Vacation work (during the June/July and November/December university holidays)
4. Actuarial Seminars (qualified actuaries and graduates from the bursary share their industry experience with current students and students can interact with alumni)
5. Academic Workshops (SAADP Alumni run academic workshops to assist current students)
6. Exam preparation sessions (SAADP Alumni share their exams preparation techniques with current students)

Eligibility Requirements:

Applicants must satisfy the following minimum entry criteria before applying for the bursary:
 

Matric/ Grade 12 students:

• You must be a South African citizen
• You must be Black or Coloured
• You must be currently in Matric
• You must achieve a minimum result of 80% for Mathematics (not Mathematics Literacy) in Matric
• You must achieve a minimum result of 80% for Physical Science in Matric
• You must achieve a minimum result of 80% for English in Matric
• You must intend on studying towards an Actuarial Science qualification in 2025
• You must have applied to study at one of the ASSA-accredited universities that offer SAADP support: University of Cape Town (UCT), University of Pretoria (UP) or University of the Witwatersrand (Wits) (studies at any other university will NOT be accepted)
• Students from commercial streams: you must apply to study Actuarial Science at UCT (UCT accepts students without Physical Science)
• You must have written or registered for the National Benchmark Test (NBT)
• You must have access to the internet, an active email address (to receive communication about your application) and an active cell phone number (to be contactable)
• You must show potential to succeed academically in university
• You must have a passion and keen interest in pursuing Actuarial Science as a profession
• You must be from a financially needy family background

University Students:

• You must be a South African citizen
• You must be currently studying towards an Actuarial Science qualification
• You must be in your 1st, 2nd, 3rd or Honours year of study in 2024
• You must be studying or registered at one of the ASSA-accredited universities that offer SAADP support: University of Cape Town (UCT), University of Pretoria (UP) or University of the Witwatersrand (Wits) (students pursuing studies at other universities may also apply, if they applied and got accepted into one of the SAADP partner universities)
• You must have achieved excellent academic results
• You must have access to the internet, an active email address (to receive communication about your application) and an active cell phone number (to be contactable)
• You must have a passion and keen interest in pursuing Actuarial Science as a profession
• You must be from a financially needy family background