SASSA Bursaries Hub

Alexander Forbes Bursary 2024/2025: Unlock Educational Opportunities in South Africa

December 26, 2023 | by SASSA Admin

Alexander-Forbes-Bursary-20242025

If you are a South African student embarking on your academic journey and in need of financial aid, the Alexander Forbes Bursary for the 2024/2025 academic year may be the opportunity you’ve been waiting for. This bursary, offered by Alexander Forbes Group Holdings, aims to support students pursuing a BSc Actuarial Science qualification in South Africa.

Alexander Forbes Group Holdings is a distinguished financial services group headquartered in Sandton, South Africa. With operations in South Africa, the United Kingdom, and various African countries, the company has established itself as a trusted name in the industry, providing investment, retirement, life, and insurance solutions to both corporate and individual clients.

The Alexander Forbes Bursary not only offers financial assistance but also opens doors to educational advancements. Eligible applicants must be South African citizens who have completed matric and are studying towards a BSc Actuarial Science qualification. The bursary caters to students in their 2nd, 3rd, 4th year, or Honours with a minimum overall average of 60% achieved in the 2019 academic year. Proven financial need is also taken into consideration during the selection process.

To apply for the bursary, interested students must submit supporting documents, including a certified copy of their ID document, full academic record, proof of university registration, and a quote of study fees. The application process is conveniently done online through the Alexander Forbes website.

If you meet the eligibility criteria, consider applying for the Alexander Forbes Bursary and unlock educational opportunities to shape your future career. With the support of this bursary, you can focus on your studies and make the most of your academic journey.

Key Takeaways:

  • The Alexander Forbes Bursary is available for South African students pursuing a BSc Actuarial Science qualification.
  • It provides financial aid to eligible students, covering tuition fees.
  • Applicants must be South African citizens and have completed matric to qualify for the bursary.
  • The application process requires submitting supporting documents and can be done online.
  • The bursary aims to unlock educational opportunities and support students on their academic journey.

About Alexander Forbes

Alexander Forbes Group Holdings, founded in 1935, is a renowned financial services group providing a wide range of investment, retirement, life, and insurance solutions. Headquartered in Sandton, South Africa, the company operates in South Africa and the United Kingdom, with business interests extending to various African countries, Europe, and the Middle East. Alexander Forbes is committed to offering comprehensive financial services to both corporate and individual clients, enabling them to achieve their long-term financial goals.

Eligibility Criteria for the Alexander Forbes Bursary

To be eligible for the Alexander Forbes Bursary, you must meet specific criteria. First and foremost, you need to be a South African citizen who has successfully completed their Matric. Additionally, you should be pursuing a BSc Actuarial Science qualification and be in your 2nd, 3rd, 4th year of study, or Honours.

It’s important that you have achieved a minimum overall average of 60% in the 2019 academic year and have passed all subjects for the year so far. The bursary is available to students studying at recognized and accredited universities in South Africa who can demonstrate proven financial need.

Meeting these requirements is essential in order to qualify for the Alexander Forbes Bursary. Take note of these criteria and ensure that you fulfill them before applying for this incredible opportunity.

Application Process for the Alexander Forbes Bursary

To apply for the Alexander Forbes Bursary, follow a specific process outlined below:

  1. Visit the Alexander Forbes website and register an account.
  2. Log in using your account credentials to access the application form.
  3. Complete the application form with accurate and up-to-date information.
  4. Submit several supporting documents, including:
  • A certified copy of your ID document.
  • A full academic record showing your educational progress.
  • Proof of university registration for the current academic year.
  • A quote detailing your study fees.

Ensure all required documents are provided to complete the application. Carefully review the application requirements to avoid missing any crucial information. The deadline for bursary submission is 28 July.

If you meet the eligibility criteria and require financial aid for your BSc Actuarial Science qualification, take advantage of this opportunity by applying for the Alexander Forbes Bursary.

Application Process for the Alexander Forbes Bursary

Selection Criteria for the Alexander Forbes Bursary

The selection process for the Alexander Forbes Bursary involves specific criteria. Shortlisted candidates will be contacted for interviews, which are typically conducted between 28 and 30 July. If you do not receive any feedback, it means your application was unsuccessful. The bursary is awarded to students who are pursuing a BSc Actuarial Science qualification and have met the eligibility criteria.

Alongside the bursary, students are required to sign a Bursary Agreement with Alexander Forbes and the Insurance SETA (INSETA). This agreement includes a work back agreement, stating that students are expected to work for Alexander Forbes after graduation. The selection criteria take into account academic performance, financial need, and the commitment to work for Alexander Forbes in the future.

BSc Actuarial Science qualification

  • Academic performance: Your academic performance plays a crucial role in the selection process. A strong academic record, including a minimum overall average of 60% in the 2019 academic year, demonstrates your dedication and potential in the field of actuarial science.
  • Financial need: The bursary aims to provide financial support to deserving students who face financial challenges in pursuing their education. Demonstrating proven financial need will increase your chances of being awarded the Alexander Forbes Bursary.
  • Commitment to work for Alexander Forbes: As part of the Bursary Agreement, students are required to commit to working for Alexander Forbes after graduation. This shows your commitment to the company and aligns with their goal of developing skilled professionals in the financial industry.

By considering these selection criteria, Alexander Forbes aims to select students who not only excel academically but also demonstrate a genuine passion for actuarial science and a strong commitment to their future career at Alexander Forbes.

Contact Details for the Alexander Forbes Bursary

If you have any inquiries or require more information about the Alexander Forbes Bursary, please feel free to reach out to the Alexander Forbes Head Office. You can contact us using the following details:

  • Telephone: +27 11 269 0000
  • Email: bursaries@alexanderforbes.co.za

Our dedicated team is available to assist you and address any questions you may have regarding the bursary application process or eligibility criteria. Don’t hesitate to get in touch with us for support and guidance.

Conclusion

The Alexander Forbes Bursary 2024/2025 is a valuable financial aid opportunity for South African students on their academic journey. Specifically tailored for those pursuing a BSc Actuarial Science qualification, this bursary opens doors to educational opportunities and contributes to the development of skilled professionals in South Africa.

By providing financial assistance to deserving students, Alexander Forbes empowers access to quality education and establishes a clear pathway for future success. Eligible students are encouraged to seize this opportunity and apply for the bursary, taking advantage of the support it provides.

With the Alexander Forbes Bursary, students can focus wholeheartedly on their studies, knowing that their financial burdens are lightened. This bursary forms the cornerstone for building a solid foundation for a successful future career in the field of actuarial science.

Don’t miss this chance to unlock your potential and embark on a rewarding academic journey with the support of the Alexander Forbes Bursary 2024/2025. Apply today and take a significant step towards achieving your educational and professional goals in South Africa.

FAQ

What is the Alexander Forbes Bursary?

The Alexander Forbes Bursary is a financial aid program that provides assistance to South African students pursuing a BSc Actuarial Science qualification.

Who offers the Alexander Forbes Bursary?

The bursary is offered by Alexander Forbes Group Holdings, a diversified financial services group based in Sandton, South Africa.

What are the eligibility criteria for the Alexander Forbes Bursary?

To be eligible for the bursary, applicants must be South African citizens, have completed matric, be studying towards a BSc Actuarial Science qualification, be in their 2nd/3rd/4th year or Honours, and have achieved a minimum overall average of 60% in the 2019 academic year.

How can I apply for the Alexander Forbes Bursary?

Interested students can apply for the bursary by completing the online application form on the Alexander Forbes website and submitting the required supporting documents.

What documents do I need to submit with my application?

Along with the application form, you will need to submit supporting documents such as a certified copy of your ID document, a full academic record, proof of university registration, and a quote of your study fees.

What is the deadline for submitting the application?

The deadline for submission of the Alexander Forbes Bursary application is 28 July.

How are candidates selected for the bursary?

Shortlisted candidates will be contacted for interviews, which are typically conducted between 28 and 30 July. The selection criteria take into account academic performance, financial need, and the commitment to work for Alexander Forbes in the future.

What financial assistance does the Alexander Forbes Bursary provide?

The bursary covers tuition fees for students studying a BSc Actuarial Science qualification.

How can I contact Alexander Forbes for more information about the bursary?

For any inquiries or more information about the Alexander Forbes Bursary, you can contact the Alexander Forbes Head Office directly.

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