SOUTH AFRICAN ACTUARIES DEVELOPMENT PROGRAMME

 

Recruitment and Selection

 SAADP at the Universities About the sponsors  Events
       

The South African Actuaries Development Programme is a programme that seeks to actively address the problem of the acute shortage of actuarial skills in the black community in South Africa. After careful selection, students receive a comprehensive bursary and support for their studies over a four year period. The entire process from selection through to graduation is carefully structured so as to serve the objectives of the programme.

 

     

VISION : To spearhead efforts aimed at providing young people with skills that will enable them to make a significant contribution in shaping the economic development of South Africa

 The South African Actuaries Development Programme (SAADP) is an independent, non-profit organisation that was established with the backing of SASRIA LTD. Its primary aim is to unearth and harness mathematical and analytical skills amongst black students in order to expose and help them to capitalise on career opportunities in the field of Actuarial Science. The programme is geared towards creating greater awareness, understanding and appreciation of Actuarial Science as a field of study.

MISSION: To inspire young black students to take up Actuarial Science as a profession by availing resources that are required to achieve that objective.
     
 

THE ROLE OF ACTUARIES IN OUR ECONOMY

 

Actuaries are business professionals who work in organisations whose success depends on managing financial consequences of risk based on the likelihood of certain events taking place. Actuaries use mathematical and statistical skills to solve problems in the future that involve the flow of money. It takes a combination of strong analytical skills, business knowledge and an understanding of human behaviour to design and manage programs that control financial risk.

Josiase Maroba graduated from Wits in 2005 and is currently President of the SAADP Alumni. Josiase is a fully qualified actuary working at Deloitte in Johannesburg.

 Most Actuaries work in the financial services sector in fields such as :

 

Riyadh Bhyat graduated from Wits in 2006 as a SAADP student and is now a fully qualified actuary at Rand Merchant Bank in Johannesburg.
 

Investment * Marketing * Life Insurance * Retirement Funds * Health Insurance and Medical Aids * General Management