Momentum Group invites qualifying South African university students to apply for the Actuarial Science Youth Bursary Programme for the 2027 academic year.
Bursary Application Closing Date: 31 August 2026
Study Locations: Accredited South African universities, with programme opportunities linked to Centurion, Sandton and Cape Town
Momentum Group Actuarial Science Youth Bursary 2027
Momentum Group has opened applications for its Actuarial Science Youth Bursary Programme for the 2027 academic year.
The bursary is aimed at high-performing university students who are already enrolled in an eligible Actuarial Science qualification and have successfully completed their first year of study.
Successful recipients will receive financial support for tuition and academic expenses, as well as mentorship, vacation work and networking opportunities.
The bursary is not open to Grade 12 learners who plan to begin first-year university studies in 2027.
Bursary Programme Overview
Bursary provider: Momentum Group
Programme: Actuarial Science Youth Bursary 2027
Reference number: MMH260513-2
Position type: Bursary
Minimum academic average: 70% GPA
Eligible applicants: Current university students
Locations: Centurion, Sandton and Cape Town
Remote opportunity: Some of the time
Closing date: 31 August 2026
Application method: Online
What the Momentum Group Bursary Covers
Successful bursary recipients may receive financial support for:
- Annual university registration fees.
- Full tuition fees.
- Prescribed textbooks.
- General academic expenses.
- Accommodation, where applicable.
- Meal allowances, where applicable.
- Travel allowances, where applicable.
Recipients will also benefit from:
- Professional mentorship.
- Vacation work opportunities.
- Networking with professionals.
- Exposure to Momentum Group.
- Career-development support.
- Practical insight into the actuarial profession.
Eligible Actuarial Science Qualifications
Applicants must currently be enrolled in one of the following qualifications at an accredited South African university:
- Bachelor of Science in Actuarial Science.
- Bachelor of Business Science in Actuarial Science.
- Bachelor of Commerce in Actuarial Science.
- Bachelor of Science in Actuarial and Financial Mathematics.
Applicants pursuing qualifications outside the listed fields may not be considered.
Who Can Apply?
Applicants must:
- Be South African citizens.
- Be currently registered at an accredited South African university.
- Be studying an approved Actuarial Science qualification.
- Have successfully completed first-year actuarial studies.
- Have a minimum GPA of 70%.
- Not be receiving another bursary for the 2027 academic year.
- Be committed to completing the degree within the university’s prescribed period.
- Be interested in joining Momentum Group after graduation.
Can Grade 12 Learners Apply?
No.
The bursary is not open to Grade 12 learners who intend to begin first-year Actuarial Science studies in 2027.
Applicants must already be enrolled at university and must have successfully completed their first year of actuarial studies.
Academic Requirements
Applicants must have:
- A minimum grade point average of 70%.
- Successful completion of all first-year actuarial studies.
- A strong academic record across all years of university study.
- The ability to meet the entry requirements for the next academic year.
- The potential to complete the qualification within the allocated period.
Applicants must submit academic transcripts covering every completed year of study.
Bursary Recipient Responsibilities
Successful recipients will be expected to:
- Submit requested documents within five working days.
- Complete the qualification within the university’s prescribed timeframe.
- Pass all subjects in each academic year.
- Meet the progression requirements for the next year of study.
- Submit semester results to Momentum Group within five working days of receiving them.
- Submit records of tuition, accommodation and meal expenses.
- Provide proof of other bursary-related expenses.
- Maintain satisfactory academic progress.
- Remain committed to the actuarial profession.
Actuarial Exemption Requirement
Recipients will be expected to graduate with at least:
Four actuarial exemptions, excluding N111
Applicants should understand the exemption requirements connected to their university programme and the actuarial profession.
Continued bursary support may depend on academic performance and progress toward the required exemptions.
Commitment to Momentum Group
Successful recipients must demonstrate a willingness to join Momentum Group after completing their qualifications.
The bursary programme is intended to develop future actuarial professionals who may contribute to the organisation after graduation.
The final employment or work-back conditions will be explained in the bursary agreement provided to successful applicants.
Competencies Momentum Group Looks For
Applicants should demonstrate:
- Passion for the actuarial profession.
- Enthusiasm and commitment.
- Strong written communication.
- Strong verbal communication.
- Problem-solving ability.
- Good organisational skills.
- Self-discipline.
- Self-motivation.
- Integrity.
- Honesty.
- Ability to meet deadlines.
- Results-oriented behaviour.
- Responsibility and accountability.
Motivation Letter Requirements
Applicants must submit a one-page motivation letter together with their CV.
The motivation letter should explain:
- Why the applicant chose Actuarial Science.
- Why the applicant is applying for the Momentum Group bursary.
- The applicant’s academic achievements.
- Career goals within the actuarial profession.
- Leadership, volunteer or extracurricular experience.
- How the bursary would support the applicant’s studies.
- Why the applicant wants to join Momentum Group after graduation.
The CV and motivation letter must be uploaded as one combined document.
Documents Required
Applicants must attach:
- A detailed and updated CV.
- A one-page motivation letter combined with the CV.
- A certified copy of the Matric certificate.
- Academic transcripts for all university years completed.
- A certified copy of the South African identity document.
- Both sides of the identity document.
- Any additional documents requested through the application system.
Applicants should ensure that every document is clear and readable.
How to Apply for the Momentum Group Actuarial Science Bursary 2027
Applications must be submitted through the official Momentum Group bursary recruitment platform.
Click here to apply for the Momentum Group Actuarial Science Bursary 2027
Use the following details to identify the opportunity:
Bursary title: Actuarial Science Youth Bursary 2027
Reference number: MMH260513-2
Applicants should:
- Open the official bursary application page.
- Create or access an applicant profile.
- Complete all compulsory application sections.
- Upload the combined CV and motivation letter.
- Upload the certified Matric certificate.
- Upload academic transcripts for all years of study.
- Upload the certified identity document showing both sides.
- Review the application carefully.
- Submit it before the closing date.
Bursary Application Closing Date
Applications close on 31 August 2026.
Applicants should apply early to allow enough time to combine, certify and upload all required documents.
Bursary Enquiries
Applicants who require assistance may contact:
Email: farieda.khalfey@mmltd.co.za
The enquiry email should clearly state that the query relates to the Actuarial Science Youth Bursary 2027, reference MMH260513-2.
Important Application Advice
Before submitting the application, confirm that:
- You are a South African citizen.
- You are already studying Actuarial Science.
- You have completed first-year actuarial studies.
- Your GPA is at least 70%.
- You are not receiving another bursary for 2027.
- Your CV and motivation letter are combined.
- Your academic transcripts cover all years.
- Both sides of your identity document are attached.
- Your application is submitted before 31 August 2026.
About Momentum Group
Momentum Group is a South African financial-services organisation operating across insurance, investments, retirement solutions, health, employee benefits and financial planning.
Through its Actuarial Science Bursary Programme, the organisation supports high-performing students while helping develop future professionals for South Africa’s actuarial and financial-services sectors.