ABOUT THE BURSARY PROVIDER

One of South Africa's top providers of financial services, Momentum Group Limited is renowned for its dedication to empowering people and communities via creative financial solutions. The business, which is a member of the Momentum Metropolitan Holdings group, provides a variety of services, such as investments, insurance, and healthcare products, all of which are designed to satisfy the various demands of its customers.

Through its Momentum Bursary Program, the corporation funds students studying actuarial science as part of its commitment to social development. The program's goal is to assist gifted and driven students who are unable to afford higher education. Momentum Group Limited is strengthening its workforce and making a significant socioeconomic contribution to the nation by investing in the next generation of professionals.

FIELDS COVERED

Bursaries will be given for studies in the following areas:

• BCom Actuarial Science
• BSc Actuarial Science
• BSc Actuarial and Financial Mathematics

BURSARY COVERAGE, BENEFITS AND CONTRACTUAL OBLIGATIONS

The following costs will be covered by the bursary: tuition, annual registration fees, meals, accommodation, textbooks, travel expenses, general allowance, and data allowance.

Additionally, students will have access to networking opportunities, mentor support, and vacation work.

The following requirements must be met by bursary recipients:

• Finish your degree within the period allotted by the university and in accordance with the bursary guidelines.
• Pass every course or module you've signed up for.
• fulfil the requirements for admission to the actuarial degree program for the upcoming academic year.
• Send copies of your semester's academic records and results to Momentum Group within five business days of the university sending them to you.
• Within five working days following the request, submit any documentation that has been requested.
• Send copies of your tuition, housing, food, and other Bursary-related invoices to Momentum Group.
• At least four exemptions must be earned by the end of the actuarial degree program.
• After graduation, join Momentum Group and contribute positively to the actuarial profession.

ELIGIBILITY CRITERIA

Before applying, candidates must meet the following minimal criteria:

• You must be a citizen of South Africa.
• You have to have finished your matriculation.
• You must be pursuing one of the aforementioned Actuarial Science degrees full-time.
• You must have finished your first year of school and attained a minimum overall average of 70%.
• You must be enrolled at a South African university that is recognized and accredited.
• For the academic year 2026, you must not be receiving any additional bursary money.
• You must be motivated and passionate about the actuarial profession if you want to pursue a career in actuarial science.
• You need to be proficient in both written and spoken communication.
• You need to be good at solving problems.
• You need to be self-motivated, self-disciplined, and organized.
• You need to be honest and morally upright.
• You need to be focused on deadlines and outcomes.

 if you don't meet them all, your application won't be taken into consideration.

How to Apply

Applications must be submitted online at:  Momentum Group 2026 Bursary webpage

(Reference Number: MMH250423-8).

Together with your completed application, send in clear copies of the following supporting papers:

• Identity document (certified copy)
• Certificate of Matriculation (certified copy)
• latest academic records (for every year of study)
• A one-page motivational letter and a comprehensive curriculum vitae should be uploaded as a single document.

CLOSING DATE: 31 August 2025

GET IN TOUCH WITH THE BURSARY PROVIDER

Please get in touch with the Momentum Group directly at:
email:farieda.khalfey@mmltd.co.za

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