MMI Holdings Limited (Momentum Metropolitan) invites South African students entering their second year or higher of actuarial science to apply for its 2026 bursary programme. This opportunity provides full financial and professional support for high‑performing students with a passion for actuarial careers.

About the Bursary Provider

Momentum Group Limited (formerly MMI Holdings) is a major financial services group listed on the JSE, offering insurance, investment and wealth management services across Africa. Its bursary programme aims to develop future actuarial professionals through financial support, mentorship and vacation work exposure.

Fields Covered

The bursary supports full-time study in the following actuarial science qualifications:

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

Expenses Covered

The bursary covers:

  • Annual registration and tuition fees
  • Accommodation and meals
  • Textbooks allowance
  • Travel allowance (where applicable)
  • General & data allowances
  • Access to mentorship, vacation work, and networking opportunities

Eligibility Requirements

Applicants must satisfy the following:

  • Be a South African citizen
  • Have completed Matric
  • Be enrolled full-time in an actuarial science qualification listed above
  • Have completed 1st year university
  • Hold a minimum overall average of 70% in first-year results
  • Not receive any other bursary for the 2026 academic year
  • Show passion for the actuarial profession, strong communication, problem-solving, organization, and integrity

How to Apply

Submit an online application (register first) via Momentum’s bursary portal, referencing code MMH250423-8. Upload certified copies of:

  • South African ID
  • Matric certificate
  • Academic transcript/results
  • CV and a one-page motivational letter

Closing Date

31 August 2025. Applications received after this date will not be considered.

Contact the Bursary Provider

Momentum Metropolitan (MMI) – Actuarial Bursary Office
Contact: Farieda Khalfey (Actuarial Development Coordinator)
Email: farieda.khalfey@mmltd.co.za
Website: momentumgroupltd.co.za

1. Who is eligible for the MMI bursary?
South African citizens who have completed first year in an approved actuarial science programme, with at least 70% average and no other bursary funding.
2. Which degrees are funded?
BBus Science Actuarial Science, BCom Actuarial Science, BSc Actuarial Science, and BSc Actuarial & Financial Mathematics.
3. What costs does the bursary cover?
Tuition, registration, accommodation, meals, textbooks, travel, general and data allowances, plus vacation work and mentorship opportunities.
4. Must I work for the company afterwards?
Yes—graduates are expected to contribute to the actuarial profession and typically join Momentum Group post-graduation.
5. How do I apply?
Register online using bursary code MMH250423-8, complete the application, and upload certified ID, transcript, CV, and motivational letter.
6. When is the bursary closing?
31 August 2025. Applications submitted after this date will not be considered.
7. Do I need to maintain a certain academic standard?
Yes—academic performance is reviewed each year. You must pass all modules and submit results and expense invoices promptly.
8. What qualities are evaluated?
Momentum looks for students with passion for the actuarial profession, strong communication, problem-solving abilities, discipline, and integrity.
9. Is vacation work mandatory?
Yes—recipients attend vacation work placements and mentorship sessions as part of the bursary benefits package.
10. Who handles queries?
Contact Farieda Khalfey at farieda.khalfey@mmltd.co.za for any bursary-related questions.