Bachelor of Science in Actuarial Science is offered by several universities in South Africa.Admission Requirements to Actuarial Science at various universities are as follows:
UNIVERSITY OF WITWATERSRAND BSC ACTUARIAL SCIENCE ADMISSION REQUIREMENTS
Subjects & achieved scale
English HL or 1st Add Lang – 7
Mathematics – 7
Physical Science – 7
Selection procedures
Applicants between 38 – 39 points will be waitlisted subject to the availability of places.
STELLENBOSCH UNIVERSITY BSC ACTUARIAL SCIENCE ADMISSION REQUIREMENTS
Admission Requirements for Actuarial Science
Actuarial Science is an extremely demanding field of study and only very dedicated and capable students are likely to succeed. As a result the minimum entrance requirements for the BComm (Actuarial Science) degree are more stringent than those of most other programmes, namely:
- An overall NSC average of at least 6 (70%), excluding Life Orientation
- Mathematics 7 (80%)
- English (Home Language) and Afrikaans (1st Additional Language) at least a 5 (60%), or
- Afrikaans (Home Language) and English (1st Additional Language) at least a 5 (60%)
It should be noted that the average first year student in the programme typically has a mark of 90% for Grade 12 mathematics and a 90% overall aggregate for the NSC examinations.
UNIVERSITY OF THE FREE STATE SOUTH AFRICA ACTUARIAL SCIENCE ADMISSION REQUIREMENTS
Entry Requirements
The entry requirements for the programme is a level 7 mark for Mathematics (80%), as well as a minimum AP score of 34. This is NOT a selection course – anyone who meets the requirements may register for the course.
Exemption Agreement with the Actuarial Society of South Africa (ASSA)
After completing an honours degree in Actuarial Science, a student is still nothing more than a student. To become an actuary (Fellow of the Actuarial Society of South Africa – FASSA), one needs to enrol through a professional body and pass a series of roughly 16 exams. The South African professional body, the Actuarial Society of South Africa (ASSA), makes use of the curriculum of the British professional body, the Faculty / Institute of Actuaries.
We have an exemption agreement with ASSA, allowing students who perform well to obtain exemptions for many subjects. These exemptions allow graduates to continue with the next level of professional subjects directly through ASSA. In plain language: we can take you halfway to becoming an actuary.
A closer look at our exemption agreement:
- ASSA: UFS:
- A201 – ACSF2746 *
- A103 – ACSF1513, ACSF1523 **
- A101 – STSM 1614, 1624, 2616, 2626, 3714, 3734 **
- A202 – ACSL3706 *
- A203 – ACSL6815 *
- A204 – ACSS3716 *
- A102 – EECF61406, 62406, EECS71407 & 72407 **
- A205 – ACSF3706 *
- A301 – ACSG6800 *
* These subjects are core actuarial subjects. The exemption mark is set by an independent examiner approved by ASSA. Successful candidates usually form the top 25-40% of the class.
** These subjects are non-core actuarial subjects. The exemption marks are as follows:
ACSF1513, ACSF1523 – An average mark of 65% during the course of the year for Financial Management studies. Note that a sub-minimum of 60% applies to each individual module.
STSM1614, 1624, 2616, 2626, 3714, 3734 – An average mark of 65% per year for each of the three years of studying Mathematical Statistics. Note that a sub-minimum of 60% applies to each individual module.
EECF61406, 62406, EECS71407, and 72407 – An average of 65% per year over the two years of studying Economics. Note that a sub-minimum of 60% applies to each individual module.
NB: The UFS can only recommend or suggest exemptions. Final acceptance lies entirely with the Education Board of ASSA.
Note that the UFS is an approved examination centre for all ASSA examinations.
UNIVERSITY OF CAPE TOWN ACTUARIAL SCIENCE ADMISSION REQUIREMENTS
Achievement level at which an offer is more probable/likely (this is dependent upon the size and the strength of the applicant pool for the year). <span “=””>
*Redress categories
<span “=””>FPS of 475
<span “=””>Mathematics 80%
<span “=””>English HL 60%
<span “=””>English FAL 80% (Only if Proficient for both AL & QL NBTs)
<span “=””>AL & QL score of Upper Intermediate
Achievement level at which an early offer is made (based on a minimum of 2 sets of results)
*Redress categories
<span “=””>FPS of 490
<span “=””>Mathematics 80%
<span “=””>English HL 60%
<span “=””>English FAL 80% (Only if Proficient for both AL & QL NBTs)
<span “=””>AL & QL score of Upper Intermediate
UNIVERSITY OF KWA ZULU NATAL ACTUARIAL SCIENCE ADMISSION REQUIREMENTS
| . National Senior Certificate or Senior Certificate |
1.1 Applicants to undergraduate degree programmes must be in possession of a National Senior Certificate for Degree Studies (NSC-Deg) or a Senior Certificate with endorsement.
1.2 Applicants to undergraduate diploma programmes must be in possession of a National Senior Certificate for Diploma studies (NSC-Dip) or Senior Certificate.
| 2. Medium of Instruction |
The medium of instruction at UKZN is English, and UKZN requires a pass in English (Home Language or First Additional Language (FAL)) at Level 4 (50% or above) but note that the College of Law requires a pass in English Home language at Level 5 or English as FAL on Level 6. For admission to Diplomas or Alternative Access programmes a lower performance in English may be acceptable. In the Senior Certificate a pass for English at First or Second Language HG E is required.
