ABOUT THE BURSARY PROVIDER – MOMENTUM GROUP

Momentum Group Limited is a leading financial services provider in South Africa, known for its commitment to empowering individuals and communities through innovative financial solutions. As part of the Momentum Metropolitan Holdings group, the company offers a wide range of services including insurance, investments, and healthcare products tailored to meet the diverse needs of its clients.

The company is also committed to social development, by funding Actuarial Science students through their Momentum Bursary Programme. The programme aims to support talented and ambitious students who face financial barriers in pursuing higher education. By investing in the next generation of professionals, Momentum Group Limited is not only building a stronger workforce but also contributing meaningfully to the country’s socioeconomic growth.

ABOUT THE MOMENTUM GROUP BURSARY PROGRAMME – FIELDS COVERED

The Momentum Group is inviting students to apply for their Actuarial Youth Bursary Programme, for the 2026 academic year.

Bursaries will be awarded for studies within the following fields:

§  BBus Science Actuarial Science

§  BCom Actuarial Science

§  BSc Actuarial Science

§  BSc Actuarial and Financial Mathematics

Through the bursary programme, the Momentum Group hopes to allow for bright young students to focus on their studies, without having to worry about the financial burden of university learning.

ABOUT THE MOMENTUM GROUP BURSARY PROGRAMME – EXPENSES COVERED, OTHER BENEFITS & OBLIGATIONS

The bursary will provide cover for the following expenses: annual registration fees, tuition fees, meals, accommodation, textbooks, travel allowance, as well as a general allowance and data allowance.

Students will also receive mentor support, networking opportunities, as well as the opportunity to partake in vacation work.

Bursary recipients will be required to fulfil the following obligations:

§  Complete your qualification in the time allocated by the University, in line with timelines of the bursary

§  Pass all subjects/ modules registered for

§  Meet the course entry criteria for the next academic year of the Actuarial degree

§  Submit copies of academic results/ records for each semester, to Momentum Group, within 5 working days of receipt from university

§  Submit any documentation requested to be provided within 5 working days of request

§  Submit copies of invoices for tuition, accommodation, meals, and any other Bursary related expenses, to Momentum Group

§  Graduate with at least 4 Exemptions by the end of the Actuarial degree

§  Make a positive contribution to the Actuarial Profession and to join Momentum Group upon graduation

ELIGIBILITY REQUIREMENTS FOR THE MOMENTUM GROUP BURSARY

Applicants must satisfy the following minimum entry criteria before applying (please note that failure to satisfy all the requirements will lead to your application not being considered):

§  You must be a South African citizen

§  You must have completed Matric

§  You must be studying full-time, towards one of the Actuarial Science qualifications listed above

§  You must have completed your 1st year of study

§  You must have achieved a minimum overall average of 70%

§  You must be studying at a recognised and accredited university in South Africa

§  You must NOT be receiving any other bursary funding for the 2026 academic year

§  You must be passionate about pursuing a career in Actuarial Science

§  You must be enthusiastic and passionate about the actuarial profession

§  You must have good communication skills (written and verbal)

§  You must have strong problem-solving ability

§  You must be organised, self-disciplined and self-motivated

§  You must have a strong sense of integrity and honesty

§  You must be deadline and results oriented

HOW TO APPLY FOR THE MOMENTUM GROUP BURSARY

Applications must be submitted online at: https://momentumgroupltd-bursaries.erecruit.co/candidateapp/Jobs/View/MMH250423-8

 

Submit clear copies of the following supporting documentation along with your completed application (the submission of these documents is compulsory – if any items are missing, your application may be disqualified):

§  ID document (certified copy)

§  Matric certificate (certified copy)

§  Most recent academic transcripts (for all years of study)

§  Detailed Curriculum Vitae and a 1-page Motivational letter (to be uploaded as one document)

 

CLOSING DATE FOR THE MOMENTUM GROUP BURSARY

31 August 2025.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)
 

CONTACT THE BURSARY PROVIDER

For any queries related to this bursary programme, please contact the Momentum Group directly:
Contact Person: Farieda Khalfey (Actuarial Development Coodinator)
Email: farieda.khalfey@mmltd.co.za