Momentum Group has opened applications for its Actuarial Science Youth Bursary Programme 2027, offering financial support and career development opportunities to high-performing South African university students.
The bursary is aimed at students who are already studying an eligible Actuarial Science qualification and have successfully completed their first year of university studies.
Successful applicants may receive funding support for tuition and academic expenses, while also gaining access to mentorship, vacation work opportunities, professional networking and exposure to the actuarial industry.
Important: This bursary is not available to Grade 12 learners planning to start university in 2027. Applicants must already be enrolled at university and have completed first-year actuarial studies.
Opportunity Overview
| Item | Details |
|---|---|
| Bursary Provider | Momentum Group |
| Programme | Actuarial Science Youth Bursary Programme 2027 |
| Reference Number | MMH260513-2 |
| Opportunity Type | Bursary |
| Study Field | Actuarial Science |
| Study Level | Undergraduate University Students |
| Locations | Centurion, Sandton and Cape Town |
| Study Institutions | Accredited South African Universities |
| Minimum GPA | 70% |
| Target Group | Current Actuarial Science students |
| Closing Date | 31 August 2026 |
| Application Method | Online |
About Momentum Group
Momentum Group is a South African financial services organisation operating across insurance, investments, retirement solutions, health, employee benefits and financial planning.
Through its Actuarial Science Youth Bursary Programme, Momentum supports talented students while developing future actuarial professionals who can contribute to South Africa’s financial services industry.
Closing Date
Closing Date: 31 August 2026
Students are encouraged to apply early to allow enough time to prepare certified documents and complete the online application.
Who Can Apply?
Applicants must:
- Be South African citizens
- Be currently registered at an accredited South African university
- Already be studying an approved Actuarial Science qualification
- Have successfully completed first-year actuarial studies
- Have a minimum GPA of 70%
- Not receive another bursary for the 2027 academic year
- Be committed to completing their degree within the required timeframe
- Have an interest in joining Momentum Group after graduation
Can Grade 12 Learners Apply?
No.
The Momentum Group Actuarial Science Bursary is only available to current university students who have already completed their first year of actuarial studies.
Grade 12 learners planning to begin Actuarial Science in 2027 are not eligible.
Eligible Qualifications
Applicants must be studying one of the following:
- Bachelor of Science (BSc) Actuarial Science
- Bachelor of Business Science (BBusSci) Actuarial Science
- Bachelor of Commerce (BCom) Actuarial Science
- Bachelor of Science in Actuarial and Financial Mathematics
Students studying unrelated qualifications may not be considered.
Academic Requirements
Applicants must have:
- Minimum GPA of 70%
- Passed all first-year actuarial subjects
- Strong academic performance
- Ability to progress to the next academic year
- Academic transcripts covering all completed years
What Does the Momentum Group Bursary Cover?
Successful recipients may receive support for:
- University registration fees
- Tuition fees
- Prescribed textbooks
- Academic expenses
- Accommodation (where applicable)
- Meal allowances (where applicable)
- Travel allowances (where applicable)
Additional benefits include:
- Professional mentorship
- Vacation work opportunities
- Networking with industry professionals
- Career development support
- Exposure to Momentum Group
Bursary Recipient Responsibilities
Successful candidates must:
- Maintain satisfactory academic performance
- Pass all subjects each year
- Submit academic results when requested
- Complete their qualification within the required timeframe
- Provide proof of approved expenses
- Meet progression requirements
- Remain committed to the actuarial profession
Actuarial Exemption Requirement
Recipients will be expected to graduate with at least:
Four actuarial exemptions (excluding N111)
Students should understand the exemption requirements linked to their university programme and actuarial career pathway.
Commitment to Momentum Group
Successful applicants should demonstrate willingness to join Momentum Group after completing their studies.
Final employment or work-back requirements will be explained in the bursary agreement provided to successful candidates.
Skills Momentum Group Looks For
Applicants should demonstrate:
- Passion for actuarial science
- Strong communication skills
- Problem-solving ability
- Organisation skills
- Self-motivation
- Integrity and honesty
- Ability to meet deadlines
- Leadership potential
- Responsibility and accountability
Documents Needed
Applicants must prepare:
- Updated CV
- One-page motivation letter combined with CV
- Certified Matric certificate
- Academic transcripts for all completed university years
- Certified South African ID copy (both sides)
- Additional documents requested through the application system
Motivation Letter Requirements
Your motivation letter should explain:
- Why you chose Actuarial Science
- Why you want the Momentum Group bursary
- Your academic achievements
- Your career goals
- Leadership or extracurricular activities
- How the bursary will support your studies
- Why you want to join Momentum Group after graduation
How to Apply for Momentum Group Actuarial Science Bursary 2027
- Visit the official Momentum Group bursary recruitment platform.
- Create an applicant profile or sign in.
- Search for Actuarial Science Youth Bursary 2027.
- Use reference number MMH260513-2.
- Complete all required application sections.
- Upload your combined CV and motivation letter.
- Upload academic transcripts and certified documents.
- Review your application.
- Submit before the closing date.
Official Application Link
Apply through the official Momentum Group careers and bursary application platform.
Expert Guidance (YouthScope Editorial Team)
The YouthScope Editorial Team advises Actuarial Science students to focus on academic performance and a strong motivation letter. Since this bursary targets high-performing students, applicants should clearly explain their actuarial career goals, leadership experience and interest in joining the financial services industry.
Ensure your CV and motivation letter are combined into one document, your transcripts cover all completed years, and all certified documents are readable before submitting.
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Frequently Asked Questions (FAQ)
Who can apply for the Momentum Group Actuarial Bursary 2027?
South African university students currently studying an eligible Actuarial Science qualification who have completed first year.
Can Grade 12 learners apply?
No. The bursary is only for current university Actuarial Science students.
What GPA is required?
Applicants need a minimum GPA of 70%.
What does the bursary cover?
Funding may include tuition, registration fees, textbooks, accommodation, meals and travel allowances where applicable.
Which qualifications qualify?
Eligible qualifications include BSc Actuarial Science, BBusSci Actuarial Science, BCom Actuarial Science and Actuarial and Financial Mathematics.
Is mentorship included?
Yes. Successful recipients receive mentorship, vacation work opportunities and networking opportunities.
What is the closing date?
Applications close on 31 August 2026.
Do I need to join Momentum Group after graduating?
Applicants should demonstrate willingness to join Momentum Group after completing their qualification. Final conditions will be included in the bursary agreement.
Disclaimer
YouthScope shares employment, internship, bursary and learnership opportunities from official employers to help South Africans access career opportunities. We are not the recruiting organisation and do not charge any application fees. Always verify information on the employer’s official website before submitting your application.
Opportunity Verification
✅ Published by: YouthScope Editorial Team
✅ Last Updated: 23 July 2026
✅ Information Source: Official Momentum Group bursary announcement
✅ Status: Reviewed for accuracy
YouthScope shares career information to help South Africans discover opportunities. Applicants should confirm final details with the official organisation before applying.

The YouthScope Editorial Team publishes verified South African learnerships, internships, bursaries, graduate programmes, and career opportunities. Our team researches opportunities from official employers, government departments, SETAs, universities, and trusted organisations to provide accurate career information for South African youth.
