South African Institute of Race Relations Bursary 2024-2025

South African Institute of Race Relations Bursary 2024-2025


The South African Actuaries Development Programme (SAADP) began in 2003, when the need was identified for black actuarial skills in South Africa. The firm is an independent, non-profit organisation and the bursary programme aims to bridge the gap of actuarial skills within the black South African community.

Actuaries use statistical and mathematical skills to solve problems with money flow – they manage financial consequences of risk based on future money issues. Students that possess business knowledge, analytical skills and understand human behaviour are best suited to this industry.

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The bursary award covers the following study expenses: tuition, meals, accommodation, prescribed book allowance and a living allowance.


Applicants must satisfy the following minimum entry criteria before applying:
Matric/ Grade 12 students:

  • Achieved a minimum of 80% or level 7 in English, Mathematics and Physical Science,
  • Interested in studying Actuarial Science,
  • Show great potential to excel at tertiary level,
  • Accepted to study at one of the following universities: University of Cape Town (UCT), University of Witwatersrand (Wits), University of Pretoria (UP).

University students:

  • Currently studying Actuarial Science at one of the above-mentioned universities,
  • Achieved good results in 1st/ 2nd year of study,
  • From previously disadvantaged background,
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(Students who are currently studying Actuarial Science at a university other than one of the above, may apply for the bursary if they have been accepted to study Actuarial Science at one of the above-mentioned universities).


Download and complete the SAADP Bursary Application Form (pdf).

The following items should accompany your complete application form:
Matric/ Grade 12 students:

  • ID document (certified copy),
  • Parents ID documents (certified copies),
  • Photo (passport size),
  • Grade 11 year end report (certified copy),
  • Grade 12 mid-year report (certified copy),

University students:

  • ID document (certified copy),
  • Latest academic report.

* Matric students are required to write the National Benchmark Tests and should FAX their NBT results to the number below, before 31 August.
Application forms and supporting documents can then be emailed to: (with “Bursary Application” in the email subject line).
Please do not fax your applications.

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31 August annually.


For any bursary queries, please contact:
Tel: 011 642 2202
Fax: 011 486 1859

 Learnerships : Bursaries :

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