The South African Actuaries Development Programme (SAADP): Bursaries 2023

The bursary will be awarded for studies towards an Actuarial Science qualification, at one of the SAADP partner universities: UCT, UP or WITS. Bursaries are renewable each year based on academic performance and availability of funds.

Requirements 

Requirements for Matric/ Grade 12 students:

• You must be a South African citizen
• 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 2023
• You must have applied to study at one of the SAADP partner universities: University of Cape Town, University of Pretoria or University of the Witwatersrand (to increase your chances of university acceptance, students are encouraged to apply to all 3 universities) (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)

Requirements for University students:

• You must be a South African citizen
• You must be from a previously disadvantaged background
• You must be currently studying towards an Actuarial Science qualification
• You must have achieved excellent academic results in your 1st, 2nd or 3rd year of study
• You must be studying at one of the SAADP partner universities: University of Cape Town, University of Pretoria or University of the Witwatersrand (students pursuing studies at other universities may also apply, if they applied and got accepted into one of the SAADP partner universities)

Bursary recipients will receive the following support:

Financial support:

• Tuition fees
• Textbook allowance
• Residence fees
• Meal allowance
• Living allowance

Psychosocial support:

• Students mentorship programme (senior students will provide mentorship and social support to junior students)
• 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:

• 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)
• Mentorship (top senior students will transfer their existing knowledge, skills, and experience to new students)
• Vacation work (during the June/July and November/December university holidays)
• Actuarial Seminars (qualified actuaries and graduates from the bursary share their industry experience with current students and students can interact with alumni)
• Academic Workshops (SAADP Alumni run academic workshops to assist current students)
• Exam preparation sessions (SAADP Alumni share their exams preparation techniques with current students)