Key Facts
- Status
- Applications Closed
- Provider
- Field of Study
- Study Level
- Academic Year
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2027
- Application Closes
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Eligibility Requirements
- South African citizen
- Currently enrolled in BSc Actuarial Science, BBus Science Actuarial Science, BCom Actuarial Science, or BSc Actuarial and Financial Mathematics at an accredited South African university
- Successfully completed first-year actuarial studies
- Minimum GPA of 70% or above
- Not already receiving funding from another bursary for the same academic year
Documents Needed
- Detailed CV including a 1-page motivation letter, uploaded as one document
- Certified copy of your Matric certificate
- Copy of your most recent academic transcripts, for all years of study
- Certified copy of your South African ID document (both sides)
About Momentum Group Actuarial Science Youth Bursary
The Momentum Group Actuarial Science Youth Bursary has supported top-achieving university students for more than 25 years, reflecting the group's long-term investment in both the actuarial profession and its own talent pipeline. Unlike Momentum's Phambili bursary, which funds a broader spread of commerce and IT fields, this bursary is specifically for students already studying towards an actuarial qualification.
The bursary is only open to students who have already completed their first year of actuarial studies, so Momentum can assess a genuine academic track record before committing funding - rather than betting on a school-leaver's potential alone.
Funding Details
The bursary covers annual registration and tuition fees, a textbook and general allowance, and accommodation and meal allowances where applicable, plus a travel allowance where applicable. Recipients also get mentorship, vacation work, and networking opportunities throughout their studies.
Where You Can Study
You need to be studying at an accredited South African university. Momentum doesn't publish a narrow list of approved institutions beyond that requirement, so most accredited universities offering the eligible actuarial qualifications should qualify.
About Momentum
Momentum Group (formerly Momentum Metropolitan Holdings) is one of South Africa's largest financial services groups, formed through the 2010 merger of Metropolitan Holdings and Momentum Group. Headquartered in Centurion,…
View full provider profile →Fields of Study & Who Can Apply
You need to be a South African citizen currently enrolled in a BSc Actuarial Science, BBus Science Actuarial Science, BCom Actuarial Science, or BSc Actuarial and Financial Mathematics degree at an accredited South African university, having already successfully completed your first year of actuarial studies. You'll need a minimum GPA of 70% or above, and you can't already be receiving funding from another bursary for the same academic year.
Because this bursary requires a completed first year, it isn't open to Grade 12 learners planning to start university in 2027 - you need to already be an actuarial science student to apply.
Application Procedure
Apply directly with the provider using the official application link below, before the closing date.
Applications for this cycle have closed. Check the provider's site for the next intake.
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Frequently Asked Questions
Which qualifications does this bursary fund?
BSc Actuarial Science, BBus Science Actuarial Science, BCom Actuarial Science, or BSc Actuarial and Financial Mathematics.
Can Grade 12 learners apply?
No - you need to have already successfully completed your first year of actuarial studies, so this bursary isn't open to school-leavers starting university in 2027.
What GPA do I need?
A minimum of 70% or above.
Can I have another bursary at the same time?
No - you can't already be receiving funding from another bursary for the same academic year.
What does the bursary cover?
Annual registration and tuition fees, a textbook and general allowance, accommodation and meal allowances where applicable, and a travel allowance where applicable.
Is there a work-back obligation?
Momentum expects recipients to be committed to the actuarial profession and to join the Group upon graduation, alongside passing all subjects each year and graduating with a minimum of 4 exemptions (excluding N111).
How do I apply?
Online through Momentum Group's careers portal, referencing MMH260513-2.
When do applications close?
31 August 2026.
