Momentum Group Bursary 2026

Momentum Group Limited, a leading financial services provider in South Africa, is one such organization that is committed to the development of future leaders in the field of Actuarial Science. The company’s Momentum Group Bursary Programme offers an exciting opportunity for ambitious young South Africans to pursue their studies in actuarial science and contribute to the country’s financial sector.

About the Momentum Group

Momentum Group Limited is an established and influential player in South Africa’s financial services industry. It forms part of the Momentum Metropolitan Holdings group, which provides a broad range of services in insurance, investments, and healthcare. With a focus on empowering individuals and communities, Momentum Group is committed to making a positive impact on the lives of South Africans through its innovative financial solutions.

About the Momentum Group Bursary Programme

The Momentum Group Bursary Programme offers support to students studying Actuarial Science at South African universities. The bursary programme is open to students who are pursuing a career in the field and who are passionate about making a difference in the financial services sector.

The bursary will be awarded to students in the following fields:

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

By supporting students in these fields, Momentum Group aims to contribute to the development of the country’s next generation of actuarial professionals, thereby strengthening South Africa’s financial sector and contributing to its broader socioeconomic growth.

Expenses Covered by the Momentum Group Bursary

The Momentum Group Bursary is designed to alleviate the financial burdens that come with university education. The bursary covers the following expenses:

• Annual registration fees
• Tuition fees
• Meals
• Accommodation
• Textbooks
• Travel allowance
• General allowance
• Data allowance

In addition to financial support, students will also benefit from mentorship, networking opportunities, and the chance to partake in vacation work, which provides valuable practical experience in the field of Actuarial Science. These additional benefits help students build a well-rounded foundation as they prepare for their future careers.

Bursary Obligations

While the Momentum Group Bursary offers significant financial support, it also comes with certain obligations to ensure that students remain on track to complete their studies and contribute to the actuarial profession after graduation. The key obligations include:

• Completing your qualification within the timeframe allocated by the university.
• Passing all registered subjects/modules.
• Meeting the entry criteria for subsequent academic years of the Actuarial degree.
• Submitting academic results to Momentum Group within five working days of receiving them from the university.
• Providing any required documentation within five working days of request.
• Submitting invoices for tuition, accommodation, meals, and other bursary-related expenses.
• Graduating with at least 4 Exemptions by the end of the Actuarial degree.
• Making a positive contribution to the Actuarial Profession and joining Momentum Group upon graduation.

These requirements ensure that bursary recipients are not only academically successful but are also prepared to contribute meaningfully to the field of Actuarial Science and to the work of Momentum Group upon completing their studies.

Eligibility Requirements

The Momentum Group Bursary is a highly competitive opportunity, and applicants must meet specific criteria to be considered. The eligibility requirements for the bursary include:

• South African citizenship: Only South African citizens are eligible to apply.
• Matriculation: Applicants must have completed Matric.
• Full-time study: Applicants must be studying full-time towards one of the listed Actuarial Science qualifications.
• First-year completed: Applicants must have completed their first year of study in one of the approved Actuarial Science programs.
• Minimum average of 70%: Applicants must have achieved a minimum overall average of 70% in their studies.
• Recognised university: Applicants must be studying at a recognised and accredited university in South Africa.
• No other bursary funding: Applicants must not be receiving any other bursary funding for the 2026 academic year.
• Passion for Actuarial Science: Applicants must be passionate about pursuing a career in Actuarial Science.
• Good communication skills: Strong verbal and written communication skills are essential.
• Problem-solving ability: Applicants should have strong problem-solving skills.
• Organizational skills: Self-discipline, motivation, and organization are necessary traits for applicants.
• Integrity and honesty: A strong sense of integrity and ethical behavior is essential.
• Deadline and results-oriented: Applicants must be able to meet deadlines and achieve results.

Applicants who meet these requirements will be considered for the Momentum Group Bursary Programme and will have the chance to receive financial support to pursue their studies in Actuarial Science.

Read more: Essential Documents for a Successful Bursary Application in 2025: Your Ultimate Checklist!

How to Apply for the Momentum Group Bursary

To apply for the Momentum Group Bursary, interested students must complete an online application. The application process involves the following steps:

1. Create an Account: Applicants must register an account on the Momentum Group Bursary application portal.
2. Submit Supporting Documentation: Applicants must upload clear copies of the following documents:
   • Certified copy of ID document
   • Certified copy of Matric certificate
   • Most recent academic transcripts (for all years of study)
   • Detailed Curriculum Vitae
   • A 1-page motivational letter (to be uploaded as one document)
3. Submit the Application: Once the account is registered and all documents are uploaded, the applicant can submit their application online.

Closing Date for the Momentum Group Bursary

The closing date for the 2026 Momentum Group Bursary is 31 August 2025. It is important for interested applicants to submit their applications before this date, as late applications will not be considered.

Contact Information for the Momentum Group Bursary

For any queries related to the Momentum Group Bursary Programme, applicants can contact:

• Contact Person: Farieda Khalfey (Actuarial Development Coordinator)
• Email: farieda.khalfey@mmltd.co.za

Also check: Liberty Bursary South Africa 2026

The Momentum Group Bursary Programme is an excellent opportunity for South African students pursuing Actuarial Science degrees. By offering financial support and additional resources like mentorship and vacation work, Momentum Group is helping to shape the future of the actuarial profession in South Africa. If you meet the eligibility criteria and are passionate about becoming an actuary, this bursary could be your pathway to a successful and fulfilling career in one of the country’s most dynamic sectors.