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Postgraduate Diploma in Actuarial Science

Objective:
The programme is aimed at graduates who have completed the CT-series of the Institute and Faculty of Actuaries (UK) OR, equivalently, the A100- and A200-series of the Actuarial society of South Africa (AS) and now intend to study the material for the A300-, F100- and F200-series of AS examinations (OR the CA-, ST- and SA-series of the UK).

Students performing at an acceptable level (usually over 60%) in the final examinations will be recommended for exemption from the equivalent examinations of the UK and AS.

Entrance
The following may be admitted as candidates for the Diploma:

Graduates of this or any other university recognised for this purpose by the Senate who have credit for (passed or exempted from) subjects CT1 – CT8 of the UK OR, equivalently, subjects A100 and A200 of the AS.

Duration:
The Diploma may be done full-time (typically one year), but is often done part time (typically over two years).

Structure of the Diploma:
Candidates will be required to complete courses worth at least 126 credits, of which 72 credits must come from the following coursework:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Course CodeCourse NameAS CourseUK CourseNQF CreditsHEQSF Level
BUS5024FHealth & CareF101N/A369
BUS5018FLife InsuranceF102ST2369
BUS5040SGeneral InsuranceF103N/A369
BUS5019FPensionsF104ST4369
BUS5035SSpecialist  Finance & InvestmentF105ST5369
BUS4027WActuarial Risk ManagementA301CA1548
BUS4034SProfessional CommunicationA302N/A278


Courses are offered in conjunction with the University of Stellenbosch.

Readmission Rules:
Pass at least one course per year. Courses may only be repeated once. There are no supplementary examinations. The Diploma must be completed within 3 years.

Credit for courses completed at another University or Institution:
A candidate may apply for up to 54 credits in respect of courses passed at another university or institution (recognised for that purpose by the Senate). In particular the F100-series of the AS and the ST-series of the UK would count 36 credits, while the F200-series of the AS and SA-series of the UK would count 54 credits.

Where a candidate has previously passed BUS4027W as part of an undergraduate degree at this university, this will only count for 27 credits, even if it is repeated.

Distinction:
The Diploma may be awarded with distinction if an average of 75% is achieved for all the specified courses. Credits given from another institution would count 60% in the calculation.

Enquiries:

Mr. Pieter Botha
Postgraduate Student Advisor
Actuarial Science Section
School of Management Studies
University of Cape Town
Private Bag
Rondebosch. 7700