Momentum Group, one of South Africa’s largest insurance and financial services companies, is inviting high-performing actuarial science students to apply for its Actuarial Science Youth Bursary for the 2027 academic year. The bursary covers virtually every study cost, from tuition and accommodation to meals, textbooks and a data allowance, and comes with mentorship and vacation work at Momentum’s offices. Students entering their second year or higher in 2027 with a 70% average can apply until 31 August 2026.
About the Programme
Momentum Group (previously Momentum Metropolitan) serves millions of clients across insurance, investments, health and employee benefits, and is listed on the JSE. Actuaries sit at the heart of its business, pricing risk and designing the products South Africans use to protect their families and savings.
The Actuarial Science Youth Bursary (reference MMH260513-2) is Momentum’s pipeline for the next generation of actuarial talent, linked to its offices in Centurion, Sandton and Cape Town. Beyond paying for your studies, the programme connects you to working actuaries through mentorship and gives you vacation work experience, which counts enormously when you start writing professional actuarial exams. Graduates are expected to join Momentum Group after completing their degrees, so the bursary effectively comes with a job at the end.
What Is Covered
- Annual registration fees and full tuition fees
- Accommodation and meals
- Textbooks
- Travel allowance
- General allowance and data allowance
- Mentor support and networking opportunities
- Vacation work at Momentum Group
Who Can Apply
- South African citizens who have completed Matric
- Studying full-time towards one of: BBusSci Actuarial Science, BCom Actuarial Science, BSc Actuarial Science, or BSc Actuarial and Financial Mathematics
- Entering your 2nd year of study or higher in 2027 (1st-year students are not funded)
- A minimum overall academic average of 70%
- Registered at a recognised and accredited South African university
- Not receiving any other bursary funding for the 2027 academic year
- Passionate about a career in the actuarial profession
Bursary holders must pass all registered modules, submit semester results within 5 working days of receipt, graduate with at least 4 actuarial exemptions and join Momentum Group after graduation.
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Required Documents
- Copy of your South African ID document
- Copy of your Matric certificate
- Latest academic results or transcript
- Detailed CV and a 1-page motivational letter, uploaded as one document
How to Apply
- Open the official Momentum Group bursary portal using the link below.
- Register an account, then log in to start the application.
- Complete all personal, academic and university sections.
- Upload your ID, Matric certificate, academic results, and your combined CV and motivational letter.
- Review your application and submit before 31 August 2026 using reference MMH260513-2.
Closing Date
The closing date for the Momentum Actuarial Science Youth Bursary 2027 is 31 August 2026. No late applications will be accepted.
Why It Matters
Actuarial science is one of the highest-paying professions in South Africa, but the degree is expensive and the drop-out rate is high, often because talented students cannot afford to focus on their studies. A full-cost bursary changes that completely. Every fee, meal and textbook is covered, so your only job is to perform academically.
The mentorship and vacation work are just as valuable: actuarial employers hire students they already know, and arriving at graduation with Momentum experience and four exemptions puts you years ahead. For students from disadvantaged backgrounds, this bursary is a direct bridge into one of the country’s most secure careers.
Frequently Asked Questions
Can first-year students apply?
No. The bursary funds students entering their 2nd year of study or higher in 2027. Matric learners should look at other bursaries for first-year funding.
Do I have to work for Momentum afterwards?
Yes. Bursary recipients are expected to join Momentum Group upon graduation, which also means you graduate with employment secured.
Can I hold another bursary at the same time?
No. You may not receive any other bursary funding for the 2027 academic year while holding this bursary.
Which universities are accepted?
Any recognised and accredited South African university offering the listed actuarial qualifications. Your degree must be one of the four listed programmes.
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