The Momentum Actuarial Science Bursary South Africa 2027 is now open for applications. If you are a South African citizen currently enrolled at an accredited university in Actuarial Science or Financial Mathematics, and you have successfully completed your first year of actuarial studies with a GPA of 70% or above, this opportunity could help you continue your education. Momentum Group Limited is a significant player in South Africa’s life insurance and integrated financial services sectors. For over 25 years, Momentum Group has made a strategic investment in the future of both the actuarial profession and the organisation by supporting top-achieving university students. In this article, we will explain everything you need to know about the Momentum Actuarial Science Bursary South Africa 2027: who qualifies, what fields are covered, what benefits are offered, and how to apply before the closing date.
About Momentum Group
Momentum Group Limited is a significant player in South Africa’s life insurance and integrated financial services sectors. For over 25 years, Momentum Group has made a strategic investment in the future of both the actuarial profession and the organisation by supporting top-achieving university students.
The Momentum Actuarial Science Bursary South Africa 2027 provides financial assistance to students who are already enrolled in university and are passionate about pursuing a career in Actuarial Science. It enables them to focus on their studies without the burden of financial stress related to tuition and academic expenses.
Organisation: Momentum Group Limited • Sector: Life insurance and financial services • Focus: Actuarial Science • Academic Year: 2027
What Fields of Study Are Covered?
The Momentum Actuarial Science Bursary South Africa 2027 covers the following qualifications:
- BSc Actuarial Science
- BBus Science Actuarial Science
- BCom Actuarial Science
- BSc Actuarial and Financial Mathematics
What Expenses and Benefits Does the Bursary Cover?
Financial Coverage
As a successful recipient of the Momentum Actuarial Science Bursary South Africa 2027, you will receive the following:
- Annual registration and tuition fees
- Textbook and general allowance
- Accommodation
- Meal allowance (where applicable)
- Travel allowance (where applicable)
Additional Benefits
- Mentorship
- Vacation work
- Networking opportunities
Eligibility Requirements for the Momentum Actuarial Science Bursary South Africa 2027
Before you apply for the Momentum Actuarial Science Bursary South Africa 2027, check that you meet all the requirements below. If you miss any requirement, your application will not be considered.
- You must be a South African citizen
- You must be currently enrolled at an accredited South African university in one of the qualifications listed above
- Successful completion of first-year actuarial studies is an important requirement
- You must have a minimum grade point average (GPA) of 70% or above
- You must not be a recipient of any other bursary funding for the academic year that funding is applied for
Please note: Based on the criteria above, the Momentum Actuarial Science Bursary South Africa 2027 is therefore not open to Grade 12 learners intending to enrol for their first year studies in 2027.
Duties and Responsibilities of Bursary Recipients
As a successful recipient of the Momentum Actuarial Science Bursary South Africa 2027, you will be required to achieve and submit the following:
- Any documentation requested must be provided within 5 working days of request
- Complete the qualification in the time allocated by the University as per agreed timelines at the time the bursary was allocated
- Pass all subjects in any given academic year
- Meet the course entry requirements for the next academic year of the Actuarial degree
- Provide Momentum Group with copies of academic results/records for each semester within 5 working days of receipt from university
- Provide Momentum Group with copies of tuition costs, accommodation and meal fees/expenses, as well as proof of any other bursary-related expenses
- Graduate with a minimum of 4 Exemptions (excl. N111) by the end of the Actuarial degree
- Be committed to contribute positively to the Actuarial Profession and to join Momentum Group upon graduation
Competencies We Are Looking For
Momentum is looking for students who demonstrate the following competencies for the Momentum Actuarial Science Bursary South Africa 2027:
- Enthusiastic and passionate about the actuarial profession
- Effective communication (written and verbal)
- Problem-solving ability
- Organised, self-disciplined and self-motivated
- Strong sense of integrity and honesty
- Deadline and results-oriented
Required Documents
Please attach the following documents with your application for the Momentum Actuarial Science Bursary South Africa 2027:
- Detailed CV including a 1-page motivation letter (upload as one document)
- Certified copy of your Matric certificate
- Copy of your most recent academic transcripts (for all years of study)
- Certified copy of South African ID (both sides included in copy)
How to Apply for the Momentum Actuarial Science Bursary South Africa 2027
Follow these steps to submit your application for the Momentum Actuarial Science Bursary South Africa 2027. Applications are submitted online.
Step 1: Check Your Eligibility
Make sure you meet all the eligibility requirements listed above, including being a South African citizen, currently enrolled in an actuarial qualification, having completed first year, achieving a 70% GPA, and not receiving other bursary funding.
Step 2: Prepare Your Documents
Gather all the required documents listed above, including your detailed CV with motivation letter, certified Matric certificate, academic transcripts, and certified ID.
Step 3: Complete the Online Application
Click the button below to go to the official Momentum application portal. Fill in all required fields carefully and upload your documents. Please quote the reference number MMH260513-2.
Direct application link: https://momentumgroupltd-bursaries.erecruit.co/candidateapp/Jobs/View/MMH260513-2
Reference Number: MMH260513-2
Step 4: Submit Before the Deadline
⏰ Closing Date for the Momentum Actuarial Science Bursary South Africa 2027: 31 August 2026. Applications submitted after this date will not be accepted. Please apply before the closing date to ensure your application is considered.
Contact Information
If you have any queries related to the Momentum Actuarial Science Bursary South Africa 2027, please contact:
- Email: farieda.khalfey@mmltd.co.za
Momentum Actuarial Science Bursary South Africa 2027 – Quick Summary
- Organisation: Momentum Group Limited
- Bursary Name: Momentum Actuarial Science Bursary Programme
- Academic Year: 2027
- Who can apply: South African citizens currently enrolled at an accredited SA university
- Fields of study: BSc Actuarial Science, BBus Science Actuarial Science, BCom Actuarial Science, BSc Actuarial, Financial Mathematics
- Key requirement: Successful completion of first-year actuarial studies
- Minimum GPA: 70% or above
- Not eligible: Grade 12 learners (first-year students only)
- What is covered: Registration/tuition fees, textbook allowance, accommodation, meal allowance, travel allowance
- Additional benefits: Mentorship, vacation work, networking opportunities
- Work-back requirement: Must join Momentum Group upon graduation
- Minimum exemptions: Graduate with 4 exemptions (excl. N111)
- Required documents: CV with motivation letter, Matric certificate, academic transcripts, certified ID
- Application method: Online via Momentum e-recruit portal
- Reference number: MMH260513-2
- Closing date: 31 August 2026
Frequently Asked Questions About the Momentum Actuarial Science Bursary South Africa 2027
1. Can Grade 12 learners apply for this bursary?
No. The Momentum Actuarial Science Bursary South Africa 2027 is not open to Grade 12 learners intending to enrol for their first year studies in 2027. You must already be enrolled at a university and have successfully completed your first year of actuarial studies.
2. What is the minimum GPA required?
The Momentum Actuarial Science Bursary South Africa 2027 requires a minimum grade point average (GPA) of 70% or above.
3. Can I apply if I am receiving other bursary funding?
No. The Momentum Actuarial Science Bursary South Africa 2027 requires that you are not a recipient of any other bursary funding for the academic year that funding is applied for.
4. What is the work-back obligation?
Successful recipients of the Momentum Actuarial Science Bursary South Africa 2027 must be committed to join Momentum Group upon graduation.
5. How many exemptions do I need to graduate with?
Recipients of the Momentum Actuarial Science Bursary South Africa 2027 must graduate with a minimum of 4 Exemptions (excl. N111) by the end of their Actuarial degree.
6. How long has Momentum been running this bursary programme?
Momentum Group has been making strategic investments in the actuarial profession for over 25 years, supporting top-achieving university students through their bursary programme.
7. What additional benefits does the bursary offer?
In addition to financial coverage, the Momentum Actuarial Science Bursary South Africa 2027 offers mentorship, vacation work, and networking opportunities.
8. Where can I find more actuarial science bursaries in South Africa?
Visit EduFunds actuarial bursaries page or EduFunds accounting bursaries page for more funding opportunities for actuarial students.
Looking for more study funding? Explore all bursaries for 2027 on EduFunds.co.za
Momentum Group Limited
Actuarial Science Bursary Programme 2027
Investing in actuarial talent • Developing future leaders • Building financial security