Old Mutual Bursaries South Africa 2025 – 2026

Old Mutual South Africa (OMSA) is a financial services provider in Southern Africa that provides investment, savings, life assurance, asset management, banking and property and personal insurance in Africa, Europe, the Americas and Asia. It is a vital participant in the South African economy. The company’s reputation in the industry is shown in its strong operating performance, our good balance sheet position, strong financial flexibility and diversity of business.

OMSA has a partnership with Nedbank and Old Mutual Insure (formerly Mutual | Federal) which allows the company to offer different financial products and services to individuals, businesses, corporates and institutions. These products and services include investment, life assurance, asset management, banking, healthcare and general insurance.

Old Mutual Bursaries

Actuarial Bursary

Old Mutual offers Actuarial Science bursaries for qualified applicants who love numbers and think you have what it takes to be an actuary, to study at the University of Cape Town, Stellenbosch University, University of Pretoria and the University of Witwatersrand.

This bursary covers all tuition, accommodation with meals, general and book allowance, travel allowance, incentives for good performance, academic and emotional support, good networking opportunities and vacation work from the second year. Upon graduation, bursary holders will enjoy guaranteed employment after university, one-on-one mentoring by an experienced qualified actuary, an in-house rotation programme exposing students to professional development across all areas and working with industry experts in different fields.

Accounting Bursary

Old Mutual also offers bursaries to applicants who wish to pursue a career in Chartered Accounting.

Accountancy Bursaries will pay for the full costs of tuition at the University of Cape Town or the University of Stellenbosch, residence fees and one return flight home every year for students who are not studying in their hometown, vacation work, incentives for excellent academic performance and book and general allowance. Bursary holders will also need to commit to Old Mutual’s CA Training Programme after which they will render work for Old Mutual for a certain time period.

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Bursary Requirements and Eligibility

Actuarial

Strong A-plus for Mathematics and A’s and B’s for the rest of matric subjects
South African citizens

Accounting

Matric with at least 70% or Level 6 for all subjects including Mathematics (not Maths Literacy) and English
South African citizens

How to Apply and Application Details

To apply for the Old Mutual Actuarial Bursary, click here.

To apply for the Old Mutual Accounting Bursary, click here.

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Closing Date

30 June 2021.
(Applications submitted after this date will not be accepted – please apply before the closing date to ensure your application is considered.)

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This bursary does not have an appointed time of closing date. So we encouraged to submit an application as soon as possible with all the needed documentation.

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Contact Details

Tel: +27 (0)21 509 2656 / +27 (0)21 504 7285