South African Actuaries Development Programme (SAADP) Bursary Application for 2026/2027
Detailed Guide on the South African Actuaries Development Programme (SAADP) Bursary Application 2026/2027. Are you a South African student with a strong aptitude for mathematics, statistics, and financial analysis? The SAADP Bursary Programme 2026/2027 is now open for applications, offering financial support to ambitious learners who aspire to build a career in actuarial science. The South African Actuaries Development Programme, an initiative by the Actuarial Society of South Africa (ASSA), is dedicated to nurturing the next generation of skilled actuaries who will play a critical role in the country’s financial, insurance, and risk management sectors.
The SAADP Bursary provides extensive support, including tuition fees, prescribed textbooks, accommodation, and a living allowance. Recipients also gain access to mentorship, practical work experience, and professional guidance to excel in the highly competitive actuarial field. This bursary targets students with excellent academic performance in mathematics and analytical subjects, as well as a demonstrated potential to succeed in scarce and critical skills areas within the financial services industry.
By applying for the SAADP Bursary 2026/2027, students not only secure financial assistance but also gain a direct pathway to a professional career as an actuary, contributing to South Africa’s growing demand for actuarial expertise.
In addition, satrends.co.za offers a wide range of other bursary categories to suit your preference. Click on the links below to access other kinds of bursaries.
Universities in South Africa Bursaries Available for 2026
Government Departments Bursaries Available for 2026
Field of Studies Specified Bursaries Available for 2026
Keep reading to discover more about the eligibility criteria, fields of study supported, application steps, and closing date for the South African Actuaries Development Programme Bursary 2026/2027.
About South African Actuaries Development Programme (SAADP)
The South African Actuaries Development Programme (SAADP) is an independent, non-profit organisation that focuses on nurturing the next generation of actuarial talent in South Africa. Previously chaired by President Cyril Ramaphosa, SAADP collaborates with industry leaders and sponsors to develop highly skilled graduates who can contribute to South Africa’s economy.
The bursary programme is generously funded by reputable organisations including: FirstRand Foundation, Deloitte, Discovery, Insight, Sasria SOC Limited, BANKSETA, and INSETA. SAADP operates under core values of excellence, professionalism, integrity, transparency, and nurturing support, ensuring students are equipped with the skills and mindset to succeed in their careers.
Fields of Study Supported
The SAADP Bursary Programme is open to students intending to pursue or already pursuing qualifications in Actuarial Science or related degrees. Bursary recipients must study at one of the SAADP partner universities: University of Cape Town (UCT), University of Pretoria (UP), or University of the Witwatersrand (Wits). Students from commercial streams may also apply to UCT if they meet the criteria.
Bursary Coverage & Renewal
The SAADP bursary is renewable annually based on academic performance and the availability of funding. The bursary provides comprehensive support to ensure students can focus on their studies, including:
Financial Support:
- Tuition fees
- Textbook allowance
- Residence fees
- Meal allowance
- Living allowance
Psychosocial Support:
- Mentorship programme with senior students providing guidance and social support
- Life skills training covering goal setting, time management, CV writing, and interview preparation
Academic Support:
- Weekly tutorials and extension classes conducted by senior students
- Technical workshops and exam preparation sessions
- Actuarial seminars and academic workshops led by alumni
- Vacation work during June/July and November/December holidays
This holistic approach equips bursary recipients not only with financial assistance but also the skills, guidance, and exposure needed to thrive academically and professionally.
Selection Process for SAADP Bursary 2026
The SAADP bursary selection involves a multi-step process to ensure fairness and transparency:
- Pre-screening: Applications are reviewed to confirm they meet basic requirements, including submission before the deadline and completeness of documents.
- Shortlisting: The Students’ Selection and Monitoring Committee (SSMC) screens applications and submits a shortlist to SAADP. Only shortlisted candidates will be contacted.
- Submission of Results: Matric students must submit final results; failure to do so disqualifies the application.
- Selection Interviews: Shortlisted candidates are invited to interviews conducted by the SSMC. Current university students receive feedback directly from SAADP.
Eligibility Requirements for SAADP Bursary Application for 2026/2027
Matric/Grade 12 Students:
- South African citizen
- Black or Coloured
- Currently in Matric or 1st, 2nd, or 3rd year of study
- Minimum 80% in Mathematics (not Maths Literacy), Physical Science, and English
- Acceptance or application to study Actuarial Science or related degree at a SAADP partner university
- National Benchmark Test (NBT) written or registered
- Demonstrated financial need and academic potential
University Students:
- South African citizen
- Black or Coloured
- Studying an Actuarial Science or related degree in 1st, 2nd, or 3rd year
- Registered at a SAADP partner university
- Excellent academic performance
- Demonstrated financial need and strong passion for Actuarial Science
All applicants must have internet access, an active email, and a contactable cell phone number.
How to Apply for SAADP Bursary 2026/2027
Step 1: Download the relevant application form:
- Click here to access the application form.
Step 2: Prepare supporting documents (certified copies required):
- ID or birth certificate
- Matric reports (Grade 10–12) or academic transcripts for university students
- Acceptance/provisional admission letter from a partner university
- Essays detailing personal achievements, leadership, and motivation to pursue Actuarial Science
- Parent death certificate or affidavit, if applicable
Step 3: Submit your completed application via email to: applications@saadp.co.za with the subject line: “SAADP Bursary 2026.”
Note: If some documents are unavailable, applicants may submit them after the closing date.
Closing Date for SAADP Bursary Application 2026/2027
All applications for the SAADP Bursary must be submitted by 31 August. Late submissions will not be considered, so ensure your application is complete and submitted on time.
Contact Information of SAADP
For any queries related to the SAADP bursary, contact the SAADP office directly:
- Tel: 011 642 2202
- Email: applications@saadp.co.za