Bursaries for South African students

University funding made easy

Mathematics & Actuarial Science

1) Industrial Development Corporation (Commercial Sciences) Bursary

About The IDC provide finance for industrial development projects by promoting partnerships across industries within and outside our borders, promoting regional economic growth. The IDC provide bursaries to students who qualify for admission to a University or University of Technology or who are currently studying at a University or University of Technology.

Fields of study Actuarial Science, Chartered Accounting, Computer Science, Finance, Information Technology, Mathematical Sciences

Who Can Apply Applicants must have Grade 12 Maths and Science with a minimum of level 6.
• University or University of Technology students who have already successfully completed one or more years will be considered on their Grade 12 and most recent academic results.
• If you are already studying towards a degree course for which you are applying for a bursary, you must have passed all courses for which you have registered at the university for the study period already completed.
• Applications must be for full time studies towards an academic degree at an accredited South African university or university of technology. Fields of study in which bursaries are awarded have to be directly related to industry, and will only include the following: in Applied Commercial Sciences: BCom (Accountancy CA), BCom Information Systems, Information Technology, Computer Science, Investment Management, Agriculture, Environmental Science.

Value The value of the bursary for full-time undergraduate/ diploma studies comprises of the following:
• Boarding: In the case of bursars residing with their parents/guardians or privately, a stipend is granted. In the case of students residing in official University/ University of Technology residences, full residence fees are paid to the relevant institution (Catering/Self-catering residences).
• Tuition and registration fees: A stipend for books and stationery is granted bi-annually.
Duration

Bursaries are renewable annually, subject to acceptable proof of progress from the institution.

Service Contract Bursars may be expected to remain in the employ of the Corporation for a period equal to the number of years of the awarded bursary. Such employment is subject to the normal selection procedures and salary and employment conditions of the Corporation.

Closing Date 31 May annually

Contact Tel: 011 269 3000/ Fax: 086 210 3653/ 3197/ Email: bursary@idc.co.za

Address
South African Savings Institute
19 Fredman Drive
Sandown
Sandton
Gauteng
South Africa

APPLICATIONS FORMS TO BE RETURNED TO:
Industrial Development Corporation (IDC)
PO Box 784055
Sandton
2146

Apply www.idc.co.za/careers/bursaries
Download application form: www.idc.co.za/documents/IDC_Bursary_App_Form.pdf
Download bursary brochure: www.idc.co.za/documents/bursary_brochure.pdf
 

2) KPMG Bursary (Graduate Development)

About KPMG operates as an international network of member firms offering audit, tax and advisory services. KPMG’s graduate programmes offer recent graduates the opportunity to complete training in several areas of our business. Each training programme is designed to teach you the skills you need to lay the best possible foundation for your career.

Fields of study Accounting, Actuarial Science, Auditing, Chartered Accounting

Contact
KPMG Crescent
85 Empire Road
Parktown
2193

Apply www.kpmg.com/ZA/EN/CAREERS/CAREERLEVELS/GRADUATES/Pages/default.aspx
 

3) Liberty Group Limited (Actuarial Bursary)

About Liberty Holdings Limited is an African wealth management group based in Johannesburg, South Africa. Liberty has interests in life and health insurance, asset management and property development. Bursaries are granted for full-time study of actuarial science at various tertiary institutions.

Field of study Actuarial Science

Who Can Apply All bursaries are granted on merit, but preference is given to black (African, Coloured and Indian) applicants. Criteria: Excellent overall results. A minimum of four distinctions, with distinction in Mathematics and Physical Science At tertiary level, students must maintain continuous excellence in academic performance in all subjects Good leadership qualities and participation in extramural activities such as sports, debating societies, chess clubs and various Olympiads, etc are an added advantage. Applications are open to all students regardless of the year of study.

Value Tuition fees are paid for each academic year of study and reviewed annually based on academic performance Residence fees/subsistence allowance is paid for shared accommodation at a university residence A monthly subsistence allowance is paid if the student chooses not to live at the university residence A book allowance is paid annually for the purchase of textbooks First year students qualify for a calculator allowance

Duration 1 year renewable

Service Contract Once approved, the bursar will enter into an agreement with Liberty Life that will be renewed annually. All bursars are obliged to complete a period of employment for every year of sponsorship. The standard employment contract will be entered into once studies are completed.

Closing Date 30 April annually

Contact
Liberty Centre
1 Ameshoff Street
Braamfontein
Johannesburg
South Africa
2001

Bursary Administrator
Liberty Group Limited
P O Box 10499
Johannesburg
2000.

Queries: Please contact actscirecruitment@liberty.co.za / ADP@liberty.co.za / Tel: (011) 408-3911

Apply www.liberty.co.za/careers/Pages/actuarial-bursary-programme.aspx
 

4) Liberty Group Limited (Graduate Development)

About Liberty Holdings Limited is an African wealth management group based in Johannesburg, South Africa. Liberty has interests in life and health insurance, asset management and property development. Liberty provide graduate development in areas ranging from traditional Life Insurance and Pensions, to Banking and Finance roles. Functions include Product Development, Health, Pensions, Consultancy and Financial Solutions.

Field of study Actuarial Science

Who Can Apply Actuarial Graduates currently pursuing their honours degree. The minimum amount of exemptions required is 5

Contact
Liberty Centre 1 Ameshoff Street Braamfontein Johannesburg South Africa 2001
Queries: Please contact actscirecruitment@liberty.co.za / ADP@liberty.co.za / Tel: (011) 408-3911

Apply www.liberty.co.za/careers/Pages/actuarial-graduate-recruitment-programme.aspx
 

5) Metropolitan Actuarial Bursary

About MMI Holdings (Metropolitan and Momentum) would like to grant 5 (five) generous bursaries (in Cape Town) to ensure that highly self-motivated achievers are given the opportunity to realise their career ambitions in life insurance.

Field of study Actuarial Science

Who Can Apply You need to be a current 2nd (second) or 3rd (third) year Actuarial student.

Value We cover the costs of: Registration Full tuition and residential fees Textbooks and incidental expenses Incentive bonuses for exceptional achievements Annual travel allowance for flights back home (where applicable)

Service Contract Upon the successful completion of your Bursary Programme: Guaranteed employment within one of the largest financial institution in Africa, where you can apply your experience and skills

Contact
Parc du Cap
Mispel Street
7530
Tel: 021 940 5911

Apply www.metropolitan.co.za/index.php/metropolitan-holder/careers/careers-and-bursaries.html
 

6) Old Mutual Actuarial Bursary (for Matrics)

Field of study Actuarial Science

Who Can Apply You need Mathematics with a strong A-plus result and A’s and B’s for the rest of your matric subjects. Preference will be given to Black South African learners i.e. African, Coloured, Indian and Chinese learners that are South African citizens by birth or descent (as per the definition of Black designated groups in the Employment Equity Act). Please ensure that the application is completed in your own writing.

Value All tuition: Accommodation with meals. General and book allowance. Travel allowance (where applicable). Incentives for good performance. Academic and emotional support. Good networking opportunities. Vacation work from second year. After your studies you can enjoy: Guaranteed employment after university. One-on-one mentoring by an experienced qualified actuary. In-house rotation programme exposing you to professional development across all areas. Working with acknowledged industry-leading experts in different fields, shaping South Africa’s financial future!

Duration One year renewable

Service Contract Depends on the bursary agreement

Closing Date 15 July annually

Contact
Mutual Park
Jan Smuts Drive
Cape Town
7405
South Africa

The Coordinator Actuarial Bursary Applications Actuarial Resource Development (2M)
Old Mutual
P O Box 66
Cape Town
8000

Apply Online www.oldmutual.co.za/about-us/careers-centre/learners-and-school-leavers/actuarial-bursaries.aspx
 


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