South African Actuarial Development Programme Bursary 2027

About SAADP

The South African Actuarial Development Programme (SAADP) is a non-profit organisation committed to nurturing actuarial skills and advancing diversity within South Africa’s actuarial profession. Our mission is to increase the number of Black actuarial professionals, promoting diversity, equity, and inclusion throughout the field.

Founded: 2003 • Head Office: Sandton, Johannesburg • Academic Year: 2027

Expenses Covered

The SAADP bursary is a comprehensive package that includes:

• Tuition Fees – Full coverage of university tuition
• Accommodation – Support for on-campus or approved residence housing
• Meals – Meal allowances where applicable
• Textbooks and Study Materials – Provision for academic resources
• Academic Support – Access to tutorials, mentoring, psychosocial, and academic development initiatives
• Personal and Professional Development – Exposure to work-readiness programmes and leadership development

Eligibility Requirements for South African Actuarial Development Programme Bursary 2027

To be considered for the SAADP Bursary Programme, applicants must meet the following criteria:

• Be a South African citizen
• Be currently in Grade 12 or a first-year, second-year, or third-year university student
• Achieve at least 80% in Mathematics (not Mathematical Literacy)
• Achieve at least 80% in English and 80% in Physical Science (Physics may not be required at some institutions)
• Demonstrate strong and consistent academic performance
• Demonstrate a strong financial need
• Intend to pursue an Actuarial Science degree at a SAADP partner university: University of Cape Town (UCT), University of Pretoria (UP), or University of the Witwatersrand (Wits)

Note: Students from non-partner universities are welcome to apply, however, they must have applied and been accepted to study at any partner university.

General Application Information

• Current Actuarial Science students must be registered at WITS, UCT, or UP in their 1st, 2nd, 3rd or Honours levels
• Non-South Africans are unfortunately not eligible to apply
• Applicants may only apply once
• Applying for the bursary before the closing date is the applicants’ responsibility
• Incomplete and/or late applications will not be considered

Required Documents for South African Actuarial Development Programme Bursary 2027

For Current Students

• A certified copy of your South African ID or card (both sides) or birth certificate
• Academic Transcripts from 1st year to current level
• A certified copy of a death certificate or an affidavit in the case of deceased parent(s)

All Applicants

• A certified copy of your ID
• Final Grade 11 results and Grade 12 June results (or academic transcript for current university students)
• University provisional acceptance letter (when available)
• Proof of household income (payslips/affidavit/SASSA letter)
• Parent/guardian’s ID copy
• A certified copy of a death certificate or an affidavit in the case of deceased parent(s)

Contact

If you have any questions or need assistance with your application, please get in touch with SAADP at:

• Email: myapplication@saadp.co.za
• Phone: 011 642 2202

Programme Details

• Organisation: South African Actuarial Development Programme (SAADP)
• Bursary Name: SAADP Bursary Programme
• Academic Year: 2027
• Field: Actuarial Science
• Study Levels: Grade 12, 1st year, 2nd year, 3rd year, Honours
• Partner Universities: University of Cape Town (UCT), University of Pretoria (UP), University of the Witwatersrand (Wits)
• Academic Requirements: Minimum 80% in Mathematics, English, and Physical Science
• Citizenship: South African citizens only
• Target Group: Students from disadvantaged backgrounds (financial need required)
• Coverage: Full tuition, accommodation, meals, textbooks, academic support, personal and professional development
• Application Method: Online at applynow.saadp.co.za
• Closing Date: 30 September 2026