Can Grade 12 learners or first-year students apply for the Momentum Group Actuarial Bursary?

No. This bursary is only open to students who are already registered full-time for an Actuarial Science degree and have completed at least their first year of study. It is not available to Grade 12 learners or first-year entrants.

What academic average do I need to qualify?

You need a minimum overall academic average of 70%, and you must be on track to graduate with at least 4 actuarial exemptions by the end of your degree.

How do I apply for the Momentum Group Actuarial Bursary?

Applications are submitted online through the Momentum Group eRecruit candidate portal. You must first register an account on the portal, then find and complete the Actuarial Science Youth Bursary opening for your preferred location (Centurion, Sandton or Cape Town).

When does the Momentum Group Actuarial Bursary close?

The 2026 cycle closed on 31 August 2025. This is an annual, recurring programme, so the next intake (for 2027) is expected to open around mid-2026. Always confirm the live application window on the official eRecruit portal before applying.

Finance & Banking

Momentum Group Actuarial Science Youth Bursary

Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink)

The Momentum Group Actuarial Science Youth Bursary funds South African students already enrolled full-time for an Actuarial Science degree, providing comprehensive support through their qualification. It targets high-performing students past their first year of study (not Grade 12 learners or first-year entrants) and offers mentorship, vacation work, and the prospect of full-time employment at Momentum Group on graduation.

Amount: Comprehensive funding (no fixed figure published): full annual registration and tuition fees plus allowances
Deadline: To be announced
Renewable: Yes

2027 applications not yet open

Visit official site

Eligible Fields of Study

Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink) supports students in the following disciplines

Actuarial Science (BBusSci)

Actuarial Science (BCom)

Actuarial Science (BSc)

Eligibility Requirements

✓ South African citizen
✓ Completed Matric (National Senior Certificate)
✓ Currently registered full-time for an Actuarial Science qualification at a South African university
✓ Already completed at least the first year of study (NOT open to Grade 12 learners or first-year entrants)
✓ Minimum overall academic average of 70%
✓ Must graduate with at least 4 actuarial exemptions by the end of the degree
✓ Commitment to join Momentum Group upon graduation

What's Included

✓ Full annual registration and tuition fees
✓ Textbook allowance
✓ General allowance and data allowance
✓ Accommodation and meal allowance (where applicable)
✓ Travel allowance (where applicable)
✓ Mentorship and mentor support
✓ Vacation work / work-integrated learning
✓ Networking opportunities within Momentum Group
✓ Potential for full-time employment with Momentum Group upon graduation

Work Commitment

Bursars commit to joining Momentum Group upon graduation. The bursary is geared toward securing full-time employment with the company after completing the degree.

How to Apply

Steps to complete your Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink) bursary application

1
Register an account on the Momentum Group eRecruit candidate portal at momentumgroupltd-bursaries.erecruit.co
2
Search for the Actuarial Science Youth Bursary opening (reference MMH250423-8 for the 2026 cycle) for the relevant location (Centurion, Sandton or Cape Town)
3
Complete the online application and upload all supporting documents
4
Submit your application before the closing date
5
Wait for shortlisting; shortlisted candidates are contacted for assessments and interviews
6
If selected, accept the bursary offer and sign the agreement

Required Documents

📄 Certified copy of South African ID
📄 Matric (National Senior Certificate) certificate or results
📄 Full university academic record / transcript
📄 Proof of current full-time registration for an Actuarial Science degree
📄 Curriculum vitae (CV)
📄 Motivational letter

Frequently Asked Questions

Can Grade 12 learners or first-year students apply for the Momentum Group Actuarial Bursary?: No. This bursary is only open to students who are already registered full-time for an Actuarial Science degree and have completed at least their first year of study. It is not available to Grade 12 learners or first-year entrants.
What academic average do I need to qualify?: You need a minimum overall academic average of 70%, and you must be on track to graduate with at least 4 actuarial exemptions by the end of your degree.
How do I apply for the Momentum Group Actuarial Bursary?: Applications are submitted online through the Momentum Group eRecruit candidate portal. You must first register an account on the portal, then find and complete the Actuarial Science Youth Bursary opening for your preferred location (Centurion, Sandton or Cape Town).
When does the Momentum Group Actuarial Bursary close?: The 2026 cycle closed on 31 August 2025. This is an annual, recurring programme, so the next intake (for 2027) is expected to open around mid-2026. Always confirm the live application window on the official eRecruit portal before applying.

When do 2027 applications open?

Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink) has not yet announced dates for the 2027 intake.

The last recorded window closed on 31 August 2026. Treat that as a guide to timing only — confirm the 2027 dates with Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink) before you rely on them.

Check Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink)'s official site

Need help? Contact Momentum Group Limited (formerly Momentum Metropolitan Holdings / MMI Holdings; administered in-house via its eRecruit candidate portal powered by Graylink):

Email: [email protected]

Information verified 2026-06-08. Always confirm details on the funder's official website before applying.

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