SAADP Actuarial Bursary
South African Actuaries Development Programme (SAADP)
The SAADP bursary is South Africa's flagship actuarial bursary programme - a non-profit consortium funded by FirstRand, Deloitte, Discovery, Old Mutual, Sasria, BankSETA and INSETA that funds actuarial science students at UCT, the University of Pretoria and Wits.
- Amount
- Full tuition + residence + meals + textbooks + personal development
- Deadline
- Closed 30 September 2026
- Duration
- Full degree duration
- Renewable
- Yes
Eligible Fields of Study
South African Actuaries Development Programme (SAADP) supports students in the following disciplines
Eligibility Requirements
- ✓ South African citizen
- ✓ Currently in Grade 12 or in 1st–3rd year of university
- ✓ Minimum 80% in Mathematics (not Mathematical Literacy)
- ✓ Minimum 80% in English
- ✓ Minimum 80% in Physical Science (where required by the university)
- ✓ Strong overall academic performance
- ✓ Demonstrate financial need
- ✓ Intend to study Actuarial Science at UCT, the University of Pretoria, or Wits
- ✓ Applicants from non-partner universities may apply if accepted to study at a partner university
What's Included
- ✓ Full university tuition fees
- ✓ Accommodation
- ✓ Meal allowance
- ✓ Textbooks and study materials
- ✓ Academic support and tutoring
- ✓ Personal and professional development workshops
- ✓ Mentorship from practising actuaries
- ✓ Vacation work placements with SAADP sponsors
How to Apply
Steps to complete your South African Actuaries Development Programme (SAADP) bursary application
- 1
Visit the SAADP Online Application Portal at saadp.co.za
- 2
Register a profile and create your application
- 3
Complete the online application form
- 4
Upload your supporting documents (results, ID, proof of income)
- 5
Submit before the closing date
- 6
Shortlisted applicants are invited to assessments and interviews
Required Documents
- 📄 Certified ID copy
- 📄 Latest academic results (Grade 11 final, matric, or tertiary transcripts)
- 📄 Proof of acceptance at UCT, UP or Wits (or another partner university)
- 📄 Proof of household income
- 📄 CV
- 📄 Motivational essay
Frequently Asked Questions
- Which universities does the SAADP bursary cover?
- SAADP funds actuarial science students at the University of Cape Town (UCT), the University of Pretoria (UP) and the University of the Witwatersrand (Wits). Applicants from non-partner universities may apply if they have been accepted to study at one of these partners.
- What grades do I need for the SAADP bursary?
- You need at least 80% in Mathematics (not Maths Literacy), 80% in English, and 80% in Physical Science (where required by your chosen university). Strong overall academic performance is essential.
- Who funds the SAADP bursary?
- SAADP is a non-profit consortium funded by major actuarial employers including FirstRand Foundation, Deloitte, Discovery, Old Mutual, Sasria, BankSETA and INSETA. This shared funding allows SAADP to support significant numbers of students each year.
- What does SAADP cover beyond tuition?
- Full tuition, accommodation, meals, textbooks, academic tutoring, personal and professional development workshops, mentorship from practising actuaries, and vacation work placements with sponsor companies.
2027 applications have closed
The 2027 application window closed on 30 September 2026.
Check South African Actuaries Development Programme (SAADP)'s official site for the next application window.
Still need funding for 2027? See bursaries that are still open.
Check South African Actuaries Development Programme (SAADP)'s official siteInformation verified 2026-06-22. Always confirm details on the funder's official website before applying.
Other General bursaries
More funding opportunities in this field
Motsepe Foundation Bursary Programme
Motsepe Foundation (self-administered via the online Applicant Hub on its official website)
The Motsepe Foundation Bursary Programme, run by the foundation established by Patrice Motsepe and Dr Precious Moloi-Motsepe, supports academically strong but financially disadvantaged South African learners to pursue an undergraduate degree at a recognised SA tertiary institution. The 2027 call is a STEAM undergraduate bursary covering Science, Technology, Engineering, Accounting, Maths and selected Humanities (Music and LLB). It covers registration and tuition, accredited accommodation, books and a laptop, meals, a tutor allowance and mental wellness support. Applications are made through the foundation's online Applicant Hub and close on 16 October 2026.
View details →SANRAL Scholarship Programme
South African National Roads Agency SOC Limited (SANRAL)
SANRAL, the state-owned company that manages South Africa's national roads, runs two education funding programmes with the same application season. Its Scholarship Programme supports South African learners in Grades 8 to 12 at registered schools, irrespective of subject choices, paying for school and boarding fees, uniforms, books, school transport, maths and science extra lessons and access to a wellness programme. Its External Bursary funds students entering first-year university study in 2027 in Civil Engineering, Public Procurement / Supply Chain Management or Computer Science / Information Systems, plus NQF Level 8 postgraduates in property, town planning, finance and law fields. Applications for 2027 opened on 1 July 2026 and close on 31 October 2026, online only through SANRAL's data-free website.
View details →SIOC-CDT Bursary Fund
SIOC Community Development Trust (SIOC-CDT) (administered by Dux PD)
The SIOC Community Development Trust (SIOC-CDT), established through Sishen Iron Ore Company (Kumba Iron Ore), offers a comprehensive bursary to young people who live in or come from its beneficiary communities: Gamagara, Ga-Segonyana, Joe Morolong and Tsantsabane in the Northern Cape and Thabazimbi in Limpopo. The bursary covers registration and tuition, accommodation, prescribed study material, a once-off laptop, a monthly stipend and assistive devices for students with disabilities, with priority fields in agriculture, health, education, law, tourism, business, engineering and IT. Applications for the 2027 academic year are open and close at midday on 30 November 2026; the selection process is run by Dux PD.
View details →