SAADP Bursary Programme 2025

SAADP Bursary Programme 2025

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SAADP Bursary Programme 2025

Deadline: 31 August 2024

Location: South Africa

About SAADP Bursary

The South African Actuaries Development Programme (SAADP) is currently accepting applications for the 2025 academic year bursaries.

The bursary will be awarded for studies towards an Actuarial Science qualification, at one of the SAADP partner universities: UCT, UP or WITS.

RENEWAL & COVERAGE VALUE

Bursaries are renewable each year based on academic performance and availability of funds.

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)

SELECTION PROCESS

Applicants should take note of the following steps in awarding the bursary:

  • Step 1: Pre-screening – applications will be screened to ensure they meet the basic requirements (the application was submitted before the deadline, in full, with all the required supporting documents and you met the university requirements),
  • Step 2: Shortlisting – the Students’ Selection and Monitoring Committee screens applications (this is external to the SAADP) and submit a list of shortlisted candidates to the SAADP (only shortlisted candidates will be contacted – if you do not receive any feedback, consider their application unsuccessful).
  • Step 3: Submission of Statements of Results – Matric students will be required to submit their final matric results and failure to do so will disqualify the applicant from the selection process.
  • Step 4: Selection interviews – Shortlisted Matriculants will be invited to attend a selection interview, conducted by the SSMC. Current students will receive feedback from the SAADP regarding the Selection Committee’s decision. Successful applicants will be notified of their interview outcome.

ELIGIBILITY REQUIREMENTS

Applicants must satisfy the following minimum entry criteria before applying for the bursary (please note that failure to satisfy all the requirements will lead to your application not being considered):

Matric/ Grade 12 students:

  • You must be a South African citizen
  • You must be Black or Coloured
  • 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 2025
  • You must have applied to study at one of the ASSA-accredited universities that offer SAADP support: University of Cape Town (UCT), University of Pretoria (UP) or University of the Witwatersrand (Wits) (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)
  • You must have written or registered for the National Benchmark Test (NBT)
  • You must have access to the internet, an active email address (to receive communication about your application) and an active cell phone number (to be contactable)
  • You must show potential to succeed academically in university
  • You must have a passion and keen interest in pursuing Actuarial Science as a profession
  • You must be from a financially needy family background

MORE OPPORTUNITIES:

University students:

  • You must be a South African citizen
  • You must be currently studying towards an Actuarial Science qualification
  • You must be in your 1st, 2nd, 3rd or Honours year of study in 2024
  • You must be studying or registered at one of the ASSA-accredited universities that offer SAADP support: University of Cape Town (UCT), University of Pretoria (UP) or University of the Witwatersrand (Wits) (students pursuing studies at other universities may also apply, if they applied and got accepted into one of the SAADP partner universities)
  • You must have achieved excellent academic results
  • You must have access to the internet, an active email address (to receive communication about your application) and an active cell phone number (to be contactable)
  • You must have a passion and keen interest in pursuing Actuarial Science as a profession
  • You must be from a financially needy family background

How to apply

Applications must be submitted via email to: applications@saadp.co.za

(Insert the words “SAADP Bursary Application 2025” in the email subject line).

Download SAADP bursaries application form

Remember to attach supporting documents when applying. Incomplete and late applications will not be considered.

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