South African Actuaries Development Programme Bursaries

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High-achieving students intending to study towards a qualification in Actuarial Science at Wits, UCT or UP can access funding from the SAADP.

The South African Actuaries Development Programme (SAADP) is an independent non-profit organisation that arose from the need to develop actuarial professionals within the black community in South Africa.

The programme was started under the leadership of Cyril Ramaphosa, who was the chairman of the SAADP board at the time.

The programme works in partnership with insurance, banking and healthcare industry players such as:

  • Sasria SOC
  • Discovery
  • EY
  • FirstRand Foundation.

SAADP Bursary Program Overview

SAADP’s bursary programme is open to students who are planning to study towards, or are already studying at undergraduate level in Actuarial Science at Wits University, UCT, and the University of Pretoria.

Although it is not explicitly stated by the SAADP, students who wish to apply for the bursary should have outstanding results in Mathematics at the Grade 11 and Grade 12 level, and should have been accepted into an actuarial programme at one of the SAADP’s partner universities.

Bursary Benefits

The bursary programme covers full tuition, books and accommodation.

Students are also assigned an SAADP programme manager who will provide academic and social support throughout their studies.

The bursary is renewed every year depending on the student’s academic performance.

Qualifications Covered

The SAADP bursary programme only covers studies in Actuarial Science.

Application Process

Applicants can request application forms to be posted or emailed to them by the SAADP.

Students must submit completed forms, along with their Grade 11 final results, Grade 12 mid-year results, and a passport-size photo by the closing date at the end of August.

When students have received their final year Matric results, they are required to provide these to the SAADP within two days.

Following this, candidates will be shortlisted and invited for interviews, after which a final decision of the bursary recipients will be made by the Student Selection and Monitoring Committee of the organisation.

The SAADP bursary has produced 21 qualified actuaries, and 217 Actuarial Science graduates since 2003.


Application Due Date
31 August 2018


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