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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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Alumnus funds transformative exchange programme
30 August, 2017

Gail Kelly is one of the world’s most influential businesswomen. She had a very successful run as the CEO of Westpac, the second-largest bank in Australia, from 2008 until her retirement in 2015. In 2014, she was listed by Forbes as the 56th most powerful woman in the world. She is also an adjunct professor at the University of New South Wales (UNSW).

Kelly completed a bachelor of arts degree and a higher diploma in education at UCT in the late 1970s. On Thursday, 24 August, she returned to her alma mater to bring a new opportunity for students in the Faculty of Commerce and at the UNSW Business School.

The Gail Kelly Global Leaders Scholarship will provide the opportunity for Australian and South African undergraduate students to be part of a transformative exchange programme between UNSW and UCT. The scholarship programme will be centred on the study of business and the exploration of a foreign economy and culture.


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UCT-led team wins international maths challenge
01 August, 2017

The fourth annual Financial Mathematics Team Challenge (FMTC) brought students from across the world to the University of Cape Town (UCT) to participate in an event that has become a highlight of the academic financial mathematics calendar.

A UCT-led team won the prestigious event, which attracted top students and academics from Europe, South America, the UK and Canada. The competition saw them divided into teams, presented with problems and judged on their solutions at the end of July 2017.

The winning team, led by PhD student Ralph Rudd from UCT and mentored by Adjunct Professor Rodrigo Targino from the Fundação Getulio Vargas (FGV) institution in Brazil, was announced at the end of an intense 10 days of work on real-world financial modelling problems.


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Recent Commerce finance graduate wins The Voice South Africa
17 July, 2017

Recent UCT finance graduate Craig Lucas was announced as the winner of season two of the popular singing contest, The Voice South Africa, last weekend. The winner of season one in 2016, Richard Stirton, was also UCT alumnus.

In the finale last weekend, Lucas sang Chris de Burgh’s Lady in Red, which led to him walking away with a recording deal from Universal Music, R250 000 in cash, a new car, a smartwatch and cellphone, a camera, a TV and R100 000 worth of fashion vouchers.

“My feet haven’t touched the ground since winning, and it hasn’t all quite sunk in yet, but it feels absolutely incredible,” says Lucas.Prior to auditioning he had no formal musical training and suffered from extreme performance anxiety, and was afraid of getting on a stage.


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