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Welcome to the home page of the Actuarial Science Department which is part of the School of Management Studies within the Faculty of Commerce.

The University of Cape Town is the oldest university in South Africa and is situated at the foot of Devil's Peak in one of the most beautifully located cities in the world. More importantly the University has been consistently rated amongst the top research institutions in South Africa.

The Actuarial Science section is primarily concerned with teaching actuarial courses to students hoping to qualify as actuaries and with research into a wide range of actuarially related fields. Some students combine actuarial courses with finance courses in order to focus on quantitative finance.

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Latest News

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Researching affirmative action at UCT
06 March, 2018

A study by researchers from the University of Cape Town on the hotly debated issue of affirmative action has shown that the university’s policies have a substantial impact on the racial distribution of who is offered a place at the university.

The paper, titled “Estimating the size and impact of affirmative action in undergraduate admissions at the University of Cape Town”, was recently published in the South African Journal of Economics.

Lead researcher Andrew Kerr from DataFirst in the Faculty of Commerce; Patrizio Piraino, associate professor at UCT’s School of Economics; and Vimal Ranchhod, the deputy director of the Southern Africa Labour and Development Research Unit (SALDRU) looked into various sources of data to estimate the extent and targeting of affirmative action at UCT.


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Blockchain hackathon winners
16 February, 2018

Blockchain technology isn’t just about trading cryptocurrencies – it can make everyday life better. The winners at Unlock the Block – the continent’s largest blockchain hackathon – proved this, delivering solutions that can facilitate cattle trading, improve governance in companies and more.

Unlock the Block was hosted by Linum Labs and the African Institute of Financial Markets and Risk Management (AIFMRM). Culminating in Cape Town’s first ever blockchain symposium, the 10-day event saw almost 80 participants from around the world attending.

The first five days were dedicated to a digital “boot camp”, during which participants were exposed to the blockchain tools needed to develop decentralised applications and protocols. At the end of the hackathon, participants were given three days to develop their own blockchain applications.


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Keeping blockchain booming in Africa
23 October, 2017

To harness the power of blockchain technology for the continent, a new generation of highly skilled professionals is needed to drive its application. South Africa will soon see a first-of-its-kind intensive skills-building boot camp and hackathon to achieve just that.

Blockchain is booming in Africa. On the financial side alone, Bitcoin trading hit record highs in South Africa in August as the currency surged to $4 700 a coin.

The South African Reserve Bank has said that it is open to issuing a national digital currency, likely based on blockchain or distributed ledger technology, and similar plans are in the pipeline in Senegal and within the West African Economic and Monetary Union.


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